Not sure where you are looking, but it is there still. LCR>finance>dashboard.cbailey208 wrote: ↑Sat Dec 03, 2022 1:52 pmI read this message the day it came out while I was sitting in my car. Now that I'm working on the budget I can no longer find the message.garystroble wrote: ↑Thu Nov 10, 2022 6:36 pm There is a long and detailed message posted today under finance in LCR on the church web page regarding 2023 budget preparation and budgets in general. Am not posting it here as those with a calling involving finance can see it in LCR.
2023 Budget Preparation
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Re: 2023 Budget Preparation
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Re: 2023 Budget Preparation
If you dismissed the message by clicking the X in the message box, the message can be brought back by doing a browser hard refresh for the Finance page or by deleting the cookies and site data.cbailey208 wrote: ↑Sat Dec 03, 2022 1:52 pmI read this message the day it came out while I was sitting in my car. Now that I'm working on the budget I can no longer find the message.garystroble wrote: ↑Thu Nov 10, 2022 6:36 pm There is a long and detailed message posted today under finance in LCR on the church web page regarding 2023 budget preparation and budgets in general. Am not posting it here as those with a calling involving finance can see it in LCR.
JD Lessley
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Re: 2023 Budget Preparation
I have it in my LCR home page when I click "Official Communications"
As a side question here for budget preparation:
Can someone point to the direction that is the "Additional Allowance" and "Allocation Adjustments" categories? I'm trying to help a Bishop (I'm at the stake level) try to figure out his 2023 budget, and he's not sure how to add up the 50% rollover, whether or not it should include the line items in those budget categories or not. I've gone through the handbook and searched the Internet and haven't found anything specific there.
As a side question here for budget preparation:
Can someone point to the direction that is the "Additional Allowance" and "Allocation Adjustments" categories? I'm trying to help a Bishop (I'm at the stake level) try to figure out his 2023 budget, and he's not sure how to add up the 50% rollover, whether or not it should include the line items in those budget categories or not. I've gone through the handbook and searched the Internet and haven't found anything specific there.
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Re: 2023 Budget Preparation
"Allocation Adjustments" are transfers that have been made into or out of the Budget Allocations category. If a unit had any money left in an AFMA account when they were discontinued they would show up here. Or if the stake transferred additional budget to a ward or branch that would show up here.lospugs wrote: ↑Mon Dec 12, 2022 3:47 pm Can someone point to the direction that is the "Additional Allowance" and "Allocation Adjustments" categories? I'm trying to help a Bishop (I'm at the stake level) try to figure out his 2023 budget, and he's not sure how to add up the 50% rollover, whether or not it should include the line items in those budget categories or not. I've gone through the handbook and searched the Internet and haven't found anything specific there.
I'm not entirely sure about "Additional Allowance" but it is an editable field. I assume it can be used to enter any expected additional allowance that the stake may intend to provide to a unit. In my experience that is rare.
As for how to calculate the 50%, I believe it should be based on the total of the estimated 4 standard allocations plus anything the stake plans to transfer directly (if any).
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Re: 2023 Budget Preparation
Thank you for the quick reply. I was doing all sorts of math trying to reverse engineer the allocation adjustments and wasn't finding anything there. I thought I probably figured out the additional allowance field, and my thoughts were directly in line with what you said so that helps as well.
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Re: 2023 Budget Preparation
The ward budget does not rollover to ward budget categories. Instead the total remaining ward budget, regardless of the remaining allocated amounts in the individual categories for 2022, rolls over to the 'Balance Forward' for the 2023 year. The stake has the ability to limit the rollover amount; and it appears your stake has determined units will retain 50% of that rollover.lospugs wrote: ↑Mon Dec 12, 2022 3:47 pm I'm trying to help a Bishop (I'm at the stake level) try to figure out his 2023 budget, and he's not sure how to add up the 50% rollover, whether or not it should include the line items in those budget categories or not. I've gone through the handbook and searched the Internet and haven't found anything specific there.
The rollover available for 2023 will be the 2022 'Budget Balance' as shown in the Budget > Budget Summary tab less any outstanding expenses expected between now and the end of the year. The challenge is getting a handle on the expected expenses that have yet to be turned in and processed before the end of the year.
An estimate of the rollover can be entered into the 2023 'Balance Forward' line. Once the 2023 year begins then the rollover will appear on the 'Balance Forward' line as the actual amount. The estimate/actual 'Balance Forward' amount can be allocated to the unit categories in any manner the bishop determines. The rollover, or 'Balance Forward', will be added to the four quarterly estimate/actual amounts and the Additional Allowance amount, if any provided by the stake, in a total as the 'Annual Budget Estimated/Actual' amount. The 'Annual Budget Estimated/Actual' amount is the amount used in making allocations to the unit and organization categories.
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Re: 2023 Budget Preparation
I think rather that lospugs' stake is limiting the rollover to 50% of the annual budget in accordance with the guidance given in the recent LCR message and official letter that anything over 50% of the annual budget is excessive rollover and should be returned to the church headquarters.jdlessley wrote: ↑Mon Dec 12, 2022 5:33 pm The ward budget does not rollover to ward budget categories. Instead the total remaining ward budget, regardless of the remaining allocated amounts in the individual categories for 2022, rolls over to the 'Balance Forward' for the 2023 year. The stake has the ability to limit the rollover amount; and it appears your stake has determined units will retain 50% of that rollover.
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Re: 2023 Budget Preparation
Which quickly raises the question of how the "annual budget" figure is determined. Is the threshold 50% of last year's funding? What if the ward split?eblood66 wrote: ↑Mon Dec 12, 2022 7:44 pm I think rather that lospugs' stake is limiting the rollover to 50% of the annual budget in accordance with the guidance given in the recent LCR message and official letter that anything over 50% of the annual budget is excessive rollover and should be returned to the church headquarters.
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Re: 2023 Budget Preparation
The letter just says 'annual budget allocation'. I expect stakes and wards are supposed to use inspired judgement in unusual circumstances. There hasn't been any indication that this will be enforced in any automated fashion.russellhltn wrote: ↑Mon Dec 12, 2022 7:53 pmWhich quickly raises the question of how the "annual budget" figure is determined. Is the threshold 50% of last year's funding? What if the ward split?eblood66 wrote: ↑Mon Dec 12, 2022 7:44 pm I think rather that lospugs' stake is limiting the rollover to 50% of the annual budget in accordance with the guidance given in the recent LCR message and official letter that anything over 50% of the annual budget is excessive rollover and should be returned to the church headquarters.
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Re: 2023 Budget Preparation
My ward spent more than we were assigned as ward budget. So, the stake president helped us with extra funds using "Allocation adjustments". That helped us get back to positive numbers, to finish the last two months with funds for activities, and allowed us to actually have a ward Christmas dinner.