Negative Balance Forward

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
jeldonwebster
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Posts: 4
Joined: Sun Dec 21, 2025 2:20 pm

Re: Negative Balance Forward

Post by jeldonwebster »

russellhltn wrote: Wed Jan 14, 2026 1:07 pm One of the things that irks me about church finance is they use the word "budget" to mean two different things. There the funds that you get from church headquarters, and there's the spending plan. Those are two different things.

If for some reason you didn't have any spending plan amounts entered for 2024, the end of year would be a big fat negative reflecting all the funds spend but never planned for. Is it possible you spent the year moving funds around looking at the "budget" balance instead of the spending plan "budget"?

Funds carry over, spending plans start fresh with the year.
I spent some time digging with the stake finance clerk and we finally did figure it out. It was not direclty what you mentioned here but related! thank you and thanks to all!
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johnshaw
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Joined: Fri Jan 19, 2007 1:55 pm
Location: Syracuse, UT

Re: Negative Balance Forward

Post by johnshaw »

One big giant expense account for the bishop
“A long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom.”
― Thomas Paine, Common Sense

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