Search found 94 matches

by daveywest
Sun Feb 23, 2020 11:19 am
Forum: Local Unit Finance
Topic: Sacred Funds, Sacred Responsibilities video
Replies: 26
Views: 13410

Re: Sacred Funds, Sacred Responsibilities video

Thanks for the help all. We were caught off guard with the new audit question pertaining to this video. Does anyone have citation to an official communication or other letter detailing the requirement? It's troubling that we have an audit question about a new policy that is not documented anywhere.
by daveywest
Sun Nov 03, 2019 11:42 am
Forum: Local Unit Finance
Topic: "Other" Accounts
Replies: 10
Views: 544

Re: "Other" Accounts

Provisions to fund the week long camp for YM & YW (and primary age day camp) have not changed in the General Handbook of Instructions. Units may still hold fundraisers if the ward budget and individual families cannot cover the expenses. Carryovers should be small amounts. I've dealt with wards ...
by daveywest
Wed Jan 23, 2019 10:27 am
Forum: Local Unit Finance
Topic: Pre-Generated Year End Statements
Replies: 20
Views: 2420

Re: Pre-Generated Year End Statements

lajackson wrote:
mbatemantx wrote:I thought that we had to have them distributed or postmarked by Jan 31 to the recipient?

That is the Internal Revenue Service requirement. I would just hand them out on the first Sunday after you receive them.


And to add to that; mail any you are unable to hand deliver before the 31st.
by daveywest
Sun Dec 16, 2018 1:39 pm
Forum: Local Unit Finance
Topic: Unused ward budget
Replies: 8
Views: 1902

Re: Unused ward budget

Unlike your personal budget, there is no reason to bank excess budget funds. I have spent over a decade serving as either a ward or stake financial clerk. In bishopric training, after our bishops were not spending their allotted funds, I felt inspired to share the parable of the talents and testify ...
by daveywest
Sun Dec 02, 2018 4:22 pm
Forum: Local Unit Finance
Topic: Paying for High Adventure for young man that moved
Replies: 1
Views: 523

Re: Paying for High Adventure for young man that moved

BSA guidelines specifically state no individual fundraising accounts. Even if he participated in a group fundraiser, he has no individual claim on a portion of the group funds. If he donated personal funds to pay a portion of the camp, then that should be refunded, but technically, he didn't earn an...
by daveywest
Sun Dec 02, 2018 4:16 pm
Forum: Local Unit Finance
Topic: Eagle Scout project funding
Replies: 1
Views: 586

Re: Eagle Scout project funding

The issue here is The Church does not certify the tax status of this type of donation (as with any donation entered into an "Other" account). That's not really an issue if the donor is willing to write the check to The Church on behalf of the troop. The donor can still maintain documentati...
by daveywest
Sun Oct 28, 2018 11:33 am
Forum: Membership Help
Topic: Youth and senior mission on IOS?
Replies: 3
Views: 521

Re: Youth and senior mission on IOS?

Thanks. His wife only served the senior couple mission, so that’s likely the reason.
by daveywest
Sun Oct 28, 2018 8:29 am
Forum: Membership Help
Topic: Youth and senior mission on IOS?
Replies: 3
Views: 521

Youth and senior mission on IOS?

Conducting Tithing Settlement, and an older brother asked if both the mission he served as a youth and his senior mission should be on the IOS. His wife's reports the senior mission, but his only shows the youth mission. Should the IOS show both, or will it only show the first mission a member compl...
by daveywest
Sun Sep 23, 2018 12:54 pm
Forum: Local Unit Finance
Topic: How to Authorize Assistant Clerk to Make LDS Store Purchases
Replies: 10
Views: 1477

Re: How to Authorize Assistant Clerk to Make LDS Store Purchases

The OP doesn't say what type of clerk his assistant is, but following GAAP (i.e. standard US accounting principles), the clerk paying the bills usually cannot place orders. This separation of duties prevents a single individual from placing an order and being the same person who reviews and reconcil...
by daveywest
Thu Aug 09, 2018 12:31 pm
Forum: Local Unit Finance
Topic: Fast Offerings used to pay deposit
Replies: 2
Views: 735

Fast Offerings used to pay deposit

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 statem...

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