CUBS Message Section - Budget Allocation
Posted: Wed Oct 13, 2010 12:11 pm
From what I read in the message Budgets will be allocated as follows:
One month before the start of each Quarter each unit will receive a
preliminary budget notice stating the incoming budget allowance and
asking them to make any last minute changes to the most recent
Quarterly report that might affect this number. The December notice
(for the January Allotment), would concern the 3rd Quarter report.
It mentions ward budget percentages could be updated at this time.
In the first month of the Quarter, the Allotments for each unit go through the
Stake who have assigned percentages for the SacMtg Attendence,YM,
YW,Primary, and YSA components of each unit's Allotment to pass on to
each unit, and keep the remaining to cover Stake Expenses.
The monies the Stake allows to flow through are deposited into the unit's
bank account under Budget, and that amount is placed into a Budget
subcategory in MLS called Budget: Budget Allocation and the clerk should
transfer funds to the appropriate Budget subcategories (many now preset
and locked from CHQ) or sub-sub-categories under these locked main categories.
Questions:
1) Is the summary of events listed above correct ? Please make corrections.
2) Who receives the preliminary notice of the budget allotment. Does each
unit receive it for the unit, and the stake for all their units ? Also when it
says the ward can adjust Budget Allocation percentages does this mean
there will be an automated way for the unit to allocate the incoming
monies for the quarter. Set 50% to the Bishopric and 10% for each
auxillary for example (assuming five auxillaries), so when the money
comes in it goes automatically to each Budget subcategory ?
3) What is the default passthrough-to-unit percentage. 0% or 100%.
If the Stake Clerk doesn't enter percentages, will all of a unit's
allotment passthrough to the unit, or all remain with the Stake ?
4) What will the mechanism be for moving the money from the
Budget: Budget Allocation to the other Budget subcategories ?
Percent-automated as explained in question 2, same as the previous
MLS "Set Budget" method, only now the initial allocation is locked,
or will the clerk need to do a series of Transfers ?
5) In the current unit budget we have an account for YM-YW
combined activities; Because there will be mostly locked
Budget subcategories, would I need to create a sub-subcategory
called Budget:Bishopric:Joint YM-YW Activities to have such a fund ?
Putting it as a sub-sub under either the BU:YM or BU:YW subcategory
would overstate their overall budget, no ?
One month before the start of each Quarter each unit will receive a
preliminary budget notice stating the incoming budget allowance and
asking them to make any last minute changes to the most recent
Quarterly report that might affect this number. The December notice
(for the January Allotment), would concern the 3rd Quarter report.
It mentions ward budget percentages could be updated at this time.
In the first month of the Quarter, the Allotments for each unit go through the
Stake who have assigned percentages for the SacMtg Attendence,YM,
YW,Primary, and YSA components of each unit's Allotment to pass on to
each unit, and keep the remaining to cover Stake Expenses.
The monies the Stake allows to flow through are deposited into the unit's
bank account under Budget, and that amount is placed into a Budget
subcategory in MLS called Budget: Budget Allocation and the clerk should
transfer funds to the appropriate Budget subcategories (many now preset
and locked from CHQ) or sub-sub-categories under these locked main categories.
Questions:
1) Is the summary of events listed above correct ? Please make corrections.
2) Who receives the preliminary notice of the budget allotment. Does each
unit receive it for the unit, and the stake for all their units ? Also when it
says the ward can adjust Budget Allocation percentages does this mean
there will be an automated way for the unit to allocate the incoming
monies for the quarter. Set 50% to the Bishopric and 10% for each
auxillary for example (assuming five auxillaries), so when the money
comes in it goes automatically to each Budget subcategory ?
3) What is the default passthrough-to-unit percentage. 0% or 100%.
If the Stake Clerk doesn't enter percentages, will all of a unit's
allotment passthrough to the unit, or all remain with the Stake ?
4) What will the mechanism be for moving the money from the
Budget: Budget Allocation to the other Budget subcategories ?
Percent-automated as explained in question 2, same as the previous
MLS "Set Budget" method, only now the initial allocation is locked,
or will the clerk need to do a series of Transfers ?
5) In the current unit budget we have an account for YM-YW
combined activities; Because there will be mostly locked
Budget subcategories, would I need to create a sub-subcategory
called Budget:Bishopric:Joint YM-YW Activities to have such a fund ?
Putting it as a sub-sub under either the BU:YM or BU:YW subcategory
would overstate their overall budget, no ?