Search found 91 matches

by daveywest
Sun Dec 16, 2018 1:39 pm
Forum: Local Unit Finance
Topic: Unused ward budget
Replies: 5
Views: 161

Re: Unused ward budget

Unlike your personal budget, there is no reason to bank excess budget funds. I have spent over a decade serving as either a ward or stake financial clerk. In bishopric training, after our bishops were not spending their allotted funds, I felt inspired to share the parable of the talents and testify ...
by daveywest
Sun Dec 02, 2018 4:22 pm
Forum: Local Unit Finance
Topic: Paying for High Adventure for young man that moved
Replies: 1
Views: 120

Re: Paying for High Adventure for young man that moved

BSA guidelines specifically state no individual fundraising accounts. Even if he participated in a group fundraiser, he has no individual claim on a portion of the group funds. If he donated personal funds to pay a portion of the camp, then that should be refunded, but technically, he didn't earn an...
by daveywest
Sun Dec 02, 2018 4:16 pm
Forum: Local Unit Finance
Topic: Eagle Scout project funding
Replies: 1
Views: 131

Re: Eagle Scout project funding

The issue here is The Church does not certify the tax status of this type of donation (as with any donation entered into an "Other" account). That's not really an issue if the donor is willing to write the check to The Church on behalf of the troop. The donor can still maintain documentati...
by daveywest
Sun Oct 28, 2018 11:33 am
Forum: Membership Help
Topic: Youth and senior mission on IOS?
Replies: 3
Views: 148

Re: Youth and senior mission on IOS?

Thanks. His wife only served the senior couple mission, so that’s likely the reason.
by daveywest
Sun Oct 28, 2018 8:29 am
Forum: Membership Help
Topic: Youth and senior mission on IOS?
Replies: 3
Views: 148

Youth and senior mission on IOS?

Conducting Tithing Settlement, and an older brother asked if both the mission he served as a youth and his senior mission should be on the IOS. His wife's reports the senior mission, but his only shows the youth mission. Should the IOS show both, or will it only show the first mission a member compl...
by daveywest
Sun Sep 23, 2018 12:54 pm
Forum: Local Unit Finance
Topic: How to Authorize Assistant Clerk to Make LDS Store Purchases
Replies: 10
Views: 702

Re: How to Authorize Assistant Clerk to Make LDS Store Purchases

The OP doesn't say what type of clerk his assistant is, but following GAAP (i.e. standard US accounting principles), the clerk paying the bills usually cannot place orders. This separation of duties prevents a single individual from placing an order and being the same person who reviews and reconcil...
by daveywest
Thu Aug 09, 2018 12:31 pm
Forum: Local Unit Finance
Topic: Fast Offerings used to pay deposit
Replies: 2
Views: 340

Fast Offerings used to pay deposit

Preparing for an upcoming audit, I preselected expenses to test. One expense noted the payment was a utility deposit. I believe I've seen something in the past that says FO payments should not be made for deposits. Besides the guidelines in HB1 5.2.3 and 5.2.4, can anyone point me to a policy statem...
by daveywest
Thu Aug 09, 2018 9:57 am
Forum: Local Unit Finance
Topic: LUFAS: object [object] OK
Replies: 15
Views: 482

Re: LUFAS: object [object] OK

Glad I'm not the only one. Thanks for sharing the updates.
by daveywest
Thu Aug 27, 2015 3:55 pm
Forum: Local Unit Finance
Topic: Making Fast Offering Donations to another unit
Replies: 10
Views: 1055

Re: Making Fast Offering Donations to another unit

Tax deductible donations like Fast Offerings cannot be directed to a specific person. It's also inappropriate to use church accounts to anonymize a charitable gift. There is no actual rule about FO income exceeding expenditures, however that ratio can be a useful tool for local leaders on ward and s...
by daveywest
Thu Aug 27, 2015 3:47 pm
Forum: Local Unit Finance
Topic: Income not showing on Budget Report
Replies: 5
Views: 898

Re: Income not showing on Budget Report

As a stake clerk with over 5 years experience, I'd like to suggest how to appropriately handle accounting for activities funded from mixed sources. If the event is to be completely funded from budget allotments, use the appropriate auxiliary budget category (or sub-category for larger events like ca...

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