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Whenever a staff member exits GCM employment and a balance remains in the MTD account they’re responsible for, the following policy will automatically apply toward the treatment of any remaining funds in the closed MTD account:

1.For fund balances of $10,000 or more, 100% of the remaining balance exceeding $10,000 will be transferred to the GCM church ministry fund most closely associated with the missionary’s ministry.

The amount transferred to the GCM church ministry fund will remain in that account, but can be accessed through the GCM ministry grant process. If there is no obvious GCM church ministry fund associated with the missionary’s work, GCM management will determine the GCM fund that provides the closest reasonable match to the field ministry of the missionary. After the excess balance transfer is applied, the remaining $10,000 is eligible for any MTD fund transfer requests received under Section B above. The remaining fund balance after any approved MTD fund transfer request is applied will be transferred to the GCM Staff Ministry Fund. 

For Example:
$14,000 remaining final balance in MTD account of College Church Ministry/Sue Smith
( $4,000) excess balance to be transferred to GCM church ministry fund (College Church)
( $3,000) amount of MTD fund transfer request approved for Sue Smith by GCM mgt.
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$7,000 amount transferred to the GCM SMF upon final closure of MTD account If there was a previously approved MTD transfer request granted within the same calendar year that the staff exited, no additional transfer request can be approved. Therefore, the entire remaining fund nalance balance (after the excess balance transfer is first applied) will be transferred to the GCM SMF.

2. For fund balances under $10,000, the remaining amount will eligible for any MTD fund transfer requests received. After any approved MTD fund transfer request is applied, the remaining balance will be transferred to the GCM Staff Ministry Fund.

For Example:
$ 8,000 remaining final balance in MTD account of College Church Ministry/Ken Jones
( $3,000) amount of MTD fund transfer request approved for Ken Jones by GCM mgt.
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$5,000 amount transferred to the GCM SMF upon final closure of MTD account

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