Search found 40 matches

by funaddict
Sun Jun 03, 2012 3:35 pm
Forum: Local Unit Finance
Topic: Surplus missionary funds
Replies: 14
Views: 3382

In my opinion it would be far better to allow the family to have the excess missionary contribution transferred to tithing or fast offering. This would still allow the family to benefit from the extra contribution, without involving other members in the process. I agree that this would be a much mo...
by funaddict
Sun May 27, 2012 6:28 pm
Forum: Local Unit Finance
Topic: Surplus missionary funds
Replies: 14
Views: 3382

This approach sounds very risky from a tax perspective. I would urge extreme caution and consultation with legal and/or tax experts before embarking on this. OK, I'll recommend that they spend a couple hundred dollars with a CPA or a tax expert before they go ahead with the trade. I'm not trying to...
by funaddict
Sun May 27, 2012 3:16 pm
Forum: Local Unit Finance
Topic: Surplus missionary funds
Replies: 14
Views: 3382

While you can't refund surplus donations made to the missionary fund, there is a workaround that can give the missionary or his family back their overpayment. If missionary A comes home and has inadvertantly overpayed by $400, you could transfer that surplus $400 to another actively serving missiona...
by funaddict
Sun Apr 22, 2012 3:56 pm
Forum: Local Unit Finance
Topic: Handling Tithes and Offerings vs. AMFA funds
Replies: 11
Views: 2699

If you have boys collecting cash from members, handing it over to a member of the scout committee who then hands it over to a member of the bishopric, you have introduced two new layers of potential cash fraud - likely without any receipts or traceability. Even though we'd all like to think everyon...
by funaddict
Sun Mar 11, 2012 3:59 pm
Forum: Local Unit Finance
Topic: Can Scouts "borrow" money from Budget-YM?
Replies: 1
Views: 639

Can Scouts "borrow" money from Budget-YM?

Here's our situation: Scouts need to put down a deposit of $500 for this years scout camp. They are not paying for camp out of budget funds. They haven't raised/collected the money for camp yet, and would like to pay the deposit out of the YM budget, and then repay the deposit amount back to budget ...
by funaddict
Sun Mar 04, 2012 5:09 pm
Forum: Local Unit Finance
Topic: Missing Batch procedure?
Replies: 4
Views: 1029

Are you talking about Outstanding Reconciliation items on the monthly report? We would occasionally have batches reported as missing, typically when the Sunday was at the very end of the month, and might not have been processed by the bank until the first of the next month. After checking with the r...
by funaddict
Sun Feb 26, 2012 11:31 pm
Forum: Local Unit Finance
Topic: Huge Donations to Wards that can't spend it fast enough
Replies: 17
Views: 4131

So paying $30 for a $2 dollar plate of cookies shouldn't be allowed? What if the donor in the OP came to a fundraiser auction and bid $1000 for a plate of cookies? As far as fundraising activities becoming little more than a rationalization for making donations, IMHO, that's what most fundraisers ar...
by funaddict
Sun Feb 26, 2012 4:40 pm
Forum: Local Unit Finance
Topic: Huge Donations to Wards that can't spend it fast enough
Replies: 17
Views: 4131

So could you solve this by creating a Bishop-approved fundraiser to the benefit of the non-member donor? For example, maybe after a windstorm, the scouts or YW or both could go and clean up debris for which the donor could make a contribution to the youth program. Is there any policy that forbids an...
by funaddict
Sun Feb 12, 2012 5:10 pm
Forum: Local Unit Finance
Topic: update E-way delivery address
Replies: 2
Views: 944

update E-way delivery address

I tried to order toner for our clerk's office printer on the Staples site through lds.org today. I eventually found the toner cartridge I needed, but the deliver-to address is for a previous bishop, three bishops ago. How does this get updated? The unit number is correct on eway, but the delivery ad...
by funaddict
Sat Feb 04, 2012 6:18 pm
Forum: Local Unit Finance
Topic: Ward missionary category creation
Replies: 12
Views: 1759

I guess I didn't fully explain: No one in the bishopric nor any of us clerks have ever heard of this missionary or his family. I wouldn't say that "the bishop wants to refuse responsibility", but that he wants a reason why we are being asked to accept financial responsibility before he agrees to the...

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