Fast Offerings used to pay deposit

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
daveywest
Member
Posts: 86
Joined: Mon Dec 28, 2009 2:19 pm
Location: Mesquite, Nevada, United States

Fast Offerings used to pay deposit

Postby daveywest » Thu Aug 09, 2018 12:31 pm

Preparing for an upcoming audit, I preselected expenses to test. One expense noted the payment was a utility deposit. I believe I've seen something in the past that says FO payments should not be made for deposits. Besides the guidelines in HB1 5.2.3 and 5.2.4, can anyone point me to a policy statement about using fast offering funds to pay deposits?

will227457
New Member
Posts: 2
Joined: Sun Nov 13, 2016 12:33 pm

Re: Fast Offerings used to pay deposit

Postby will227457 » Tue Aug 28, 2018 3:14 pm

Hb1 5.4.2 do not loan fast offerings to members, Members are not required repay fast welfare assistance the recieve from the church.

This is the closest thing I could find. When you make a deposit you expect to get it back. Using fast offerings for deposits should be a no go. Local leadership should be in the loop and have knowledge of this.

dpace1
New Member
Posts: 3
Joined: Fri Sep 26, 2014 7:48 am

Re: Fast Offerings used to pay deposit

Postby dpace1 » Fri Aug 31, 2018 2:53 pm

Church assistance is not used to pay members debts. A deposit would be considered a debt or personal obligation.( Re: welfare section of handbook 1). Your Bishop or Branch President should help you find the section.


Return to “Local Unit Finance”

Who is online

Users browsing this forum: No registered users and 1 guest