What happened to my Fast Offerings budget?

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
lmariner44
New Member
Posts: 1
Joined: Fri Aug 12, 2016 7:55 am

What happened to my Fast Offerings budget?

Postby lmariner44 » Wed Nov 02, 2016 1:22 pm

As of Oct. 31, my ward had $30,433.99 balance. This amount was transferred to HQ. We had a hefty balance until now. Can you please tell me why this was transferred out to HQ? Thanks.
Last edited by scgallafent on Wed Nov 02, 2016 3:21 pm, edited 1 time in total.
Reason: Split topic

russellhltn
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Joined: Sat Jan 20, 2007 2:53 pm
Location: U.S.

Re: What happened to my Fast Offerings budget?

Postby russellhltn » Wed Nov 02, 2016 1:51 pm

lmariner44 wrote:As of Oct. 31, my ward had $30,433.99 balance. This amount was transferred to HQ. We had a hefty balance until now. Can you please tell me why this was transferred out to HQ? Thanks.

What country are you in? In the US, all Fast Offering donations are automatically swept to HQ. Any checks written for Fast Offering assistance are automatically reimbursed. There might be a short-term balance for pending transactions, but in the long run there is no "balance".

The only way I can see you having a figure like that is:
  • You're looking at donations. (Not balance)
  • You're looking at assistance rendered. (Not balance)
  • You're on a non-standard system.
Have you searched the Wiki?
Try using a Google search by adding "site:tech.lds.org/wiki" to the search criteria.

scgallafent
Church Employee
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Joined: Mon Feb 09, 2009 4:55 pm
Location: Riverton, Utah

Re: What happened to my Fast Offerings budget?

Postby scgallafent » Wed Nov 02, 2016 3:24 pm

Since your topic was not related to previous posts in the thread, I moved it to a new thread in accordance with the forum code of conduct.

russellhltn
Community Administrator
Posts: 21647
Joined: Sat Jan 20, 2007 2:53 pm
Location: U.S.

Re: What happened to my Fast Offerings budget?

Postby russellhltn » Wed Nov 02, 2016 4:08 pm

Just to add: As far as Fast Offering assistance, there is no rule that says a bishop must stay within any kind of budget. If the net outflow exceeds the income, it may draw some attention from above. But as long as the bishop is following the guidelines, (such as sustaining life, not lifestyle) that shouldn't be a factor.
Have you searched the Wiki?

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


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