Finances for a Dissovled Ward

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
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Finances for a Dissovled Ward

Postby mike.little » Fri Nov 20, 2015 8:08 pm

We are dissolving two wards in our stake. How will the finances (budget, other account, missionary accounts) be re-distributed to the remaining wards?

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Re: Finances for a Dissovled Ward

Postby russellhltn » Fri Nov 20, 2015 8:22 pm

While the ward may be dissolved, the members are not. The stake becomes responsible for the records, but the funds would follow the members to their new unit.

  • Budget - goes to the ward absorbing the members. If more than one ward, it would be split in some way based on the numbers
  • Missionary Account - the sub-account funds should follow to the unit responsible for the missionary. As for the top-level, unless there's a need for the missionaries, I'd image that would go to the stake for re-distribution or sending to SLC in accordance to excessive funds.
  • Other - if done right it would be collected for specific events - the money should follow the members the events are for or refunded to the donors. In some cases it would be sent to SLC, again, following the guidelines for the Other account.
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Re: Finances for a Dissovled Ward

Postby aebrown » Sat Nov 21, 2015 7:14 am

Note also that there are rules about tithing settlement and donor statements regarding discontinued units. You should be able to go to the Help Center and search for "discontinued ward" to find that information.

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