Mission Fund

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cchang
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Mission Fund

Postby cchang » Mon Jan 20, 2020 1:28 pm

We have a member that donated to a mission fund for a missionary that has not yet been approved/created so we cannot put it into their specific mission fund. Do we put it in the general mission fund until their missionary account has been created and then do an adjustment? Our concern is that if we leave it in the general mission fund for three months, it might get applied to another missionary or we might not be able to adjust it at a later date.

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Biggles
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Re: Mission Fund

Postby Biggles » Mon Jan 20, 2020 1:41 pm

I would put it in the ward mission fund. Then when appropriate transfer the donated money into the missionaries account when created. Don’t put it in the general mission fund, as you have no control over that fund.

cchang
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Re: Mission Fund

Postby cchang » Mon Jan 20, 2020 1:48 pm

Biggles wrote:I would put it in the ward mission fund. Then when appropriate transfer the donated money into the missionaries account when created. Don’t put it in the general mission fund, as you have no control over that fund.

That makes sense. After re-checking, we did put it in the Ward Mission Fund account. Does the amount balance stay there or how does it get withdrawn from the Ward Mission Fund? I just don't want it being automatically withdrawn for another missionary until we can transfer it to the correction missionary account at a later date.

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Biggles
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Re: Mission Fund

Postby Biggles » Mon Jan 20, 2020 2:01 pm

It will stay in that account for a long time. If you have excess funds, in the Ward Mission Fund for a considerable time, the Stake might request some of it for a another Ward that is struggling to fund one of their missionaries. You can then explain why you might have more monies than you actually need. At the appropriate time you use the Transfer function in MLS.

eblood66
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Re: Mission Fund

Postby eblood66 » Mon Jan 20, 2020 2:03 pm

Nothing ever gets automatically withdrawn from the top level Ward Mission Fund. The only way anything leaves that category is if you transfer it to another ward missionary subcategory or transfer it to the stake. In both case your unit has to initiate the transfer. The stake will generally only ask for excess ward missionary funds if you have than 2-3 months worth of funds total for all of your missionaries (discounting any funds--like this--that were prepaid and are intended for specific missionary).


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