No Lease - Recipient Moved

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
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wrigjef
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No Lease - Recipient Moved

Postby wrigjef » Tue Sep 06, 2011 7:24 pm

This is a common audit exception. No receipt is on file for a FO expense but in this case the recipient has moved. What is policy/Guidance?

lajackson
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Postby lajackson » Tue Sep 06, 2011 8:54 pm

wrigjef wrote:This is a common audit exception. No receipt is on file for a FO expense but in this case the recipient has moved. What is policy/Guidance?


If you can get a receipt, get one. If not, the bishop should have a note written for the file explaining what happened using the following guidelines:

If the original receipt or invoice is lost, the substitute documentation should include a written explanation with the payment purpose, a description of what was bought or paid for, the date the payment was made, the name of the person assisted (for payments from fast offerings), and proper approval. Such documentation should be a rare exception.


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