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When a Reliant missionary exits with a balance remaining 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. If at the date of exit the fund
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balance is $10,000 or more, 100% of the
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amount exceeding $10,000 will
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first be internally transferred to the Reliant church ministry or project 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, of the remaining $10,000.00; $5,000.00 is eligible for MTD fund transfer requests. The remaining fund balance The remaining balance after approved MTD fund transfer requests transfers have been made will be transferred to the Reliant staff ministry fund.
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| $14,000 | Remaining final balance in the MTD account of college church ministry/Sue Smith |
| ($4,000) | Excess of $10K internally transferred to Reliant church ministry fund for College Church |
| $10,000 | Remaining balance after excess over $10K has been transferred - eligible for Sue Smith to request a MTD transfer, subject to general transfer policy. |
| ($3,000) | Sue Smith's request for MTD fund transfer to another Reliant account, approved by Reliant management. |
| $7,000 | Total remaining amount transferred to Reliant staff ministries fund upon final closure of the MTD account. |
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