Transferring funds from 'Other' to Ward mission funds

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
devonerickson
New Member
Posts: 2
Joined: Sun Sep 07, 2014 11:23 am

Transferring funds from 'Other' to Ward mission funds

Postby devonerickson » Tue Mar 29, 2016 12:15 pm

Is it possible to transfer funds from the 'other' account into the ward mission fund?

User avatar
aebrown
Community Administrator
Posts: 14693
Joined: Tue Nov 27, 2007 8:48 pm
Location: Sandy, Utah

Re: Transferring funds from 'Other' to Ward mission funds

Postby aebrown » Tue Mar 29, 2016 12:38 pm

devonerickson wrote:Is it possible to transfer funds from the 'other' account into the ward mission fund?

Funds that are in "Other" were put there for a specific reason, and should be used for that specific reason (or returned to the payers, or -- if the purpose cannot be identified -- returned to the Church as surplus funds). I can't imagine a scenario where it would be appropriate to use those funds for Ward Missionary.

eblood66
Senior Member
Posts: 2029
Joined: Mon Sep 24, 2007 8:17 am
Location: Cumming, GA, USA

Re: Transferring funds from 'Other' to Ward mission funds

Postby eblood66 » Tue Mar 29, 2016 12:44 pm

aebrown wrote:
devonerickson wrote:Is it possible to transfer funds from the 'other' account into the ward mission fund?

Funds that are in "Other" were put there for a specific reason, and should be used for that specific reason (or returned to the payers, or -- the purpose cannot be identified -- returned to the Church as surplus funds). I can't imagine a scenario where it would be appropriate to use those funds for Ward Missionary.

If there was a donation that was incorrectly entered it would be appropriate to edit the donation and correct the classification. That will in effect create a transfer. But that correction should always be made by editing the donation, not by making an explicit transfer. Otherwise the donor won't get appropriate credit for a tax-deductible donation.

russellhltn
Community Administrator
Posts: 20772
Joined: Sat Jan 20, 2007 2:53 pm
Location: U.S.

Re: Transferring funds from 'Other' to Ward mission funds

Postby russellhltn » Tue Mar 29, 2016 12:58 pm

The question is "why". If the donation was credited to the wrong place, then it would be far better to re-categorize the donation. Not only does it make the records cleaner, but it gives the donor a tax credit.

If the problem is that you have an excess in "other", and refunding or finding an acceptable expense isn't an option, you need to send the surplus to CHQ. See the comments in The “Other” Category. The ward is not permitted to use "other" surplus for budget or ward missions.
Have you searched the Wiki?
Try using a Google search by adding "site:tech.lds.org/wiki" to the search criteria.


Return to “Local Unit Finance”

Who is online

Users browsing this forum: No registered users and 1 guest