Transferring funds from 'Other' to Ward mission funds

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devonerickson
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Transferring funds from 'Other' to Ward mission funds

#1

Post by devonerickson »

Is it possible to transfer funds from the 'other' account into the ward mission fund?
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aebrown
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Re: Transferring funds from 'Other' to Ward mission funds

#2

Post by aebrown »

devonerickson wrote:Is it possible to transfer funds from the 'other' account into the ward mission fund?
Funds that are in "Other" were put there for a specific reason, and should be used for that specific reason (or returned to the payers, or -- if the purpose cannot be identified -- returned to the Church as surplus funds). I can't imagine a scenario where it would be appropriate to use those funds for Ward Missionary.
eblood66
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Re: Transferring funds from 'Other' to Ward mission funds

#3

Post by eblood66 »

aebrown wrote:
devonerickson wrote:Is it possible to transfer funds from the 'other' account into the ward mission fund?
Funds that are in "Other" were put there for a specific reason, and should be used for that specific reason (or returned to the payers, or -- the purpose cannot be identified -- returned to the Church as surplus funds). I can't imagine a scenario where it would be appropriate to use those funds for Ward Missionary.
If there was a donation that was incorrectly entered it would be appropriate to edit the donation and correct the classification. That will in effect create a transfer. But that correction should always be made by editing the donation, not by making an explicit transfer. Otherwise the donor won't get appropriate credit for a tax-deductible donation.
russellhltn
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Re: Transferring funds from 'Other' to Ward mission funds

#4

Post by russellhltn »

The question is "why". If the donation was credited to the wrong place, then it would be far better to re-categorize the donation. Not only does it make the records cleaner, but it gives the donor a tax credit.

If the problem is that you have an excess in "other", and refunding or finding an acceptable expense isn't an option, you need to send the surplus to CHQ. See the comments in The “Other” Category. The ward is not permitted to use "other" surplus for budget or ward missions.
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