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

 

The amount transferred to the Reliant church ministry fund will remain in that account, but can be accessed through the Reliant ministry grant process. If there is no obvious Reliant church ministry fund associated with the missionary’s work, Reliant management will determine the Reliant  fund that provides the closest reasonable match to the field ministry of the missionary. After the excess balance transfer is applied, the remaining $5,000 is eligible for MTD fund transfer requests. The remaining fund balance after approved MTD fund transfer requests will be transferred to the Reliant staff ministry fund. 

Example:

$14,000Remaining final balance in the MTD account of college church ministry/Sue Smith
($4,000)Excess of $10K transferred to Reliant church ministry fund for College Church
($3,000)Sue Smith's request for MTD fund transfer to another Reliant account, approved by Reliant management.
$7,000Total amount transferred to Reliant staff ministries fund upon final closure of the MTD account.

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