Budget Balance and Carryover

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
drepouille
Senior Member
Posts: 2868
Joined: Sun Jul 01, 2007 6:06 pm
Location: Plattsmouth, NE

Re: Budget Balance and Carryover

Post by drepouille »

chriswoodut wrote:In the 3 stakes I've been in with callings as a clerk/secretary I don't think we've ever been asked to send funds back to the stake. Interesting. With it being Dec 30, I would hope if a stake is planning on asking for anything back that they have communicated that long before wards start doing their budgets.
Our ward has only been asked to return unneeded budget funds to the stake once since the stake was created in 1999. Interestingly, that was about four months before our ward was moved to another stake. Coincidence?
Dana Repouille, Plattsmouth, Nebraska
jdlessley
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Location: USA, TX

Re: Budget Balance and Carryover

Post by jdlessley »

russellhltn wrote:So, in your case, the stake is taking 54% for it's budget. Any questions about that should be directed to the stake president.
Actually that percentage is used to calculate the amount that is going to be passed through to the unit. In this case the unit is getting 54% of the allocation and the stake is keeping 46%.
JD Lessley
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russellhltn
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Re: Budget Balance and Carryover

Post by russellhltn »

jdlessley wrote:Actually that percentage is used to calculate the amount that is going to be passed through to the unit. In this case the unit is getting 54% of the allocation and the stake is keeping 46%.
I stand corrected. I understood it correctly, but that's not what came out of my fingers.

I fixed my post.
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