Fast Offering Expense Limit?

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AndrewTree
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Fast Offering Expense Limit?

Postby AndrewTree » Tue Sep 08, 2020 9:55 pm

Is there a limit on how much Fast Offering funds can be used to pay for expenses for a member in need? During a recent Stake Finance Meeting a comment was made that any expenses over $5,000 needed the approval from the Stake President. However, I am having a hard time finding that wording in the current General Handbook. Searching through this Forum there seems to have been guidance in prior General Handbooks that required Stake President approval for medical expenses over $5,000. Do those limits/guidelines still exist?

If they do can someone point me to the right section in the General Handbook that covers this topic on limits?

Thanks!

russellhltn
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Re: Fast Offering Expense Limit?

Postby russellhltn » Tue Sep 08, 2020 10:13 pm

I don't see anything in the current Handbook, but the stake president can impose additional limits.

There are sections of the Handbook that would be good to review, such as 22.6.3.3 "Sustain Life, Not Lifestyle" and 22.6.3.4 "Provide Commodities before Cash" that may be relevant to your situation.
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davesudweeks
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Re: Fast Offering Expense Limit?

Postby davesudweeks » Wed Sep 09, 2020 10:47 am

I recall past discussions in this forum regarding medical expenses and if memory serves, there was additional guidance at one time about seeking approval for those when they reached a certain threshold. Is it possible that is what the commend was about in the stake finance meeting?

waltbristow
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Re: Fast Offering Expense Limit?

Postby waltbristow » Wed Sep 09, 2020 11:25 am


davesudweeks
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Re: Fast Offering Expense Limit?

Postby davesudweeks » Wed Sep 09, 2020 2:58 pm


I no longer have a calling that grants access to that, but I think it is the info I was remembering...

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ckmcdonald
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Re: Fast Offering Expense Limit?

Postby ckmcdonald » Mon Mar 08, 2021 10:47 pm

If the Ward limit is $5,000 and the limit is $10,000 with Stake President approval....
If a check for say $7,000 needs to be written and the Stake President knows about it and approves, what is the process of actually making the payment? I assume the ward makes the $7,000 disbursement but how is the Stake President's approval formally obtained?

BrianEdwards
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Re: Fast Offering Expense Limit?

Postby BrianEdwards » Fri Mar 12, 2021 9:13 am

how is the Stake President's approval formally obtained?
I believe that there's no official place for this approval online, but that the auditors require a "paper trail". We recently had an audit, and included in the review was an expense that needed the Stake President's approval. Email communication between our unit and the Stake President were sufficient to demonstrate Stake President approval. Even better procedure might be to print out electronic communications like this and attach them to the Expense Report

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ckmcdonald
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Re: Fast Offering Expense Limit?

Postby ckmcdonald » Fri Mar 12, 2021 12:37 pm

Excellent advice - we will document. We also learned there isn't anything stopping a ward clerk from writing a FO check for an amount between $5K and $10K so the documentation is very important in a number of ways.


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