transfering funds from budget to other account.

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
wcovey
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transfering funds from budget to other account.

Postby wcovey » Sun Aug 09, 2015 5:49 pm

I am a Stake Clerk and have a ward that paid for an item for scouting and is now trying to compensate the negative balance in the other category with funds from budget. Can they do that? I think they have to write a check from budget to the other category and deposit it.

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williamjackson
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Re: transfering funds from budget to other account.

Postby williamjackson » Sun Aug 09, 2015 8:37 pm

According to policy:

If funds in the "Other" category drop to a negative balance, use budget funds to bring the balance back to zero.


You shouldn't have to write a check to do it, though. You can change the category of the expense. You can even split the expense across multiple categories, so that the Other category balance is zero and the remainder of the expense comes from the budget.


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