Overdrawn Budget amount

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
GilCeniceros
New Member
Posts: 2
Joined: Fri Sep 30, 2016 2:58 pm

Overdrawn Budget amount

Postby GilCeniceros » Tue Jan 31, 2017 6:59 pm

Hi everyone.
We encountered a situation where our Branch budget was overdrawn for the quarter by about $100, mainly due to curriculum purchases and printer toner cartridges for the library.
What should be the best way to rectify this overdraft? Will it be carried into the next quarter, reducing the budget for it?
I don't see anything in the Clerk Instructions talking about this situation.
Thoughts?
Thanks.

russellhltn
Community Administrator
Posts: 21936
Joined: Sat Jan 20, 2007 2:53 pm
Location: U.S.

Re: Overdrawn Budget amount

Postby russellhltn » Tue Jan 31, 2017 8:41 pm

GilCeniceros wrote:Will it be carried into the next quarter, reducing the budget for it?

Yes.
Have you searched the Wiki?
Try using a Google search by adding "site:tech.lds.org/wiki" to the search criteria.

drepouille
Senior Member
Posts: 1356
Joined: Sun Jul 01, 2007 5:06 pm
Location: Plattsmouth, NE
Contact:

Re: Overdrawn Budget amount

Postby drepouille » Wed Feb 01, 2017 6:20 am

I believe about December 10th, you probably received a message in MLS that told you how much would be deposited into your budget in January, based upon the quarterly report you submitted back in October. I hope your branch budget balance did not remain negative after you received that deposit in January. You won't receive another deposit until April.
Dana Repouille, Plattsmouth, Nebraska


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