Surplus Ward Missionary Fund

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
troy.ochsenbein
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Surplus Ward Missionary Fund

Postby troy.ochsenbein » Sun Oct 18, 2015 4:14 pm

Is there a specific policy for managing the Ward Missionary Fund that is not assigned to a particular missionary? I have heard that the excessive funds should be allocated to the existing missionaries even if funding is available from the family to keep the budget from growing to excess. Is this consider best practice or should the Ward Unit simple wait for the Stake to request the extra funds?

russellhltn
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Re: Surplus Ward Missionary Fund

Postby russellhltn » Sun Oct 18, 2015 4:41 pm

First, I would find out why there is a surplus. That might affect the answer.
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troy.ochsenbein
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Re: Surplus Ward Missionary Fund

Postby troy.ochsenbein » Sun Oct 18, 2015 4:46 pm

russellhltn wrote:First, I would find out why there is a surplus. That might affect the answer.


Because the ward members contribute to the Ward Missionary Fund but don't specify a missionary and the family for the one missionary that is in the field doesn't require any additional support. That all said, I would presume there is a best practice or policy for how these funds are managed.

Thanks in Advance.

russellhltn
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Re: Surplus Ward Missionary Fund

Postby russellhltn » Sun Oct 18, 2015 5:30 pm

I'm not sure of a detailed "best practice", but if you don't foresee any use for those funds anytime soon, I'd suggest discussing the issue with the stake clerk.
Have you searched the Wiki?

Try using a Google search by adding "site:tech.lds.org/wiki" to the search criteria.

troy.ochsenbein
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Re: Surplus Ward Missionary Fund

Postby troy.ochsenbein » Sun Oct 18, 2015 6:21 pm

I'll speak with the Stake the next chance I get. But it sounds like there's no documented "Policy"?

Thanks

eblood66
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Re: Surplus Ward Missionary Fund

Postby eblood66 » Sun Oct 18, 2015 7:27 pm

troy.ochsenbein wrote:I'll speak with the Stake the next chance I get. But it sounds like there's no documented "Policy"?

The help center article on Missionary Finances (last section) indicates that the bishop and stake president decide when there is excess. That seems to be the documented policy.

troy.ochsenbein
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Re: Surplus Ward Missionary Fund

Postby troy.ochsenbein » Mon Oct 19, 2015 2:37 am

Thank you for the reference and all the feedback, it's much appreciated.

idjeeper2
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Re: Surplus Ward Missionary Fund

Postby idjeeper2 » Thu Nov 05, 2015 7:41 pm

I realize this is an old discussion but thought I could add some information.

We also receive donations to the Ward Mission Fund that are not designated for a particular missionary. The fund builds up over time to a fair amount of money. About three years ago, we got a notice from our Area Authority Seventy that there was too much money there and it needed to be transferred to the Stake promptly. The rules were that we could retain any money that was paid in advance for an individual missionary and enough money to cover our missionaries for three months in the event something changed with the family finances. This has become an annual event and I am expecting a letter any day now asking for the money.

As I understand it, the stake has the option of distributing the funds to another ward if there is a need. Otherwise it is sent on the Church General Missionary Fund.

Now, here is where I might run into some controversy. I would be very hesitant to deny the blessings of supporting a missionary to any family. If they can meet the obligation and are willing to do so, I'm not taking that opportunity away from them. I would much rather see the money go to another ward or area where there is a true need.

These are just my experiences and opinions. Ultimately, this is a discussion that takes place between the bishop and stake president.


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