For assistance, problems or questions, please email us.
Page History
Reliant missionaries may request the Reliant Finance Department to transfer funds internally out of the MTD account for which they’re responsible to another Reliant ministry account, including another missionary MTD account or church/project account. The request is usually made due to an ample fund balance in the missionary MTD account and a financial need in another. Requests come from active missionaries and exiting missionaries.
Requests from Active Missionaries and Exiting Missionaries
Fill out the internal MTD Fund Transfer request form below and email the completed form to finance@reliant.org. The following rules apply:
...
| UI Button | ||||||||
|---|---|---|---|---|---|---|---|---|
|
Automatic Internal Fund Transfer Policy for MTD Accounts of Exiting Reliant Staff
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 balance is $10,000 or more.
- Any amount over $10,000 is internally transferred within Reliant to the Reliant church ministry or project fund most closely associated with the missionary's ministry.
- The missionary may request an internal transfer amount per the above policy up to $5,000.
- The remaining account balance will be transferred to the Reliant staff ministries fund upon final closure of the MTD account. (See 3 & 4 below for exceptions to this rule.)
...
| Note |
|---|
| If there was a previously approved MTD transfer request granted within the same calendar year that the missionary exited, no additional internal transfer request can be approved. Therefore, after the >$10K excess is internally transferred, the entire remaining fund balance will be internally transferred to the Reliant SMF. |
2. If at the date of exit the fund balance is less than $10,00
The missionary may request an internal transfer amount per the above policy up to $5000.
. After any approved MTD fund transfer request is applied, the remaining balance will be internally transferred to the Reliant Staff Ministry Fund.
...
| Note |
|---|
| If there was a previously approved MTD transfer request granted within the same calendar year that the missionary exited, no additional transfer request can be approved. Therefore, the entire remaining fund balance will be transferred to the Reliant Staff Ministries Fund. |
3. Year-Long Programs
If the missionary is involved in a one-year intern ministry program experience, where the church or ministry has a Reliant Ministry Project Fund and will have new intern participants each year, the full amount remaining in the intern missionary MTD fund will be transferred directly to the corresponding Reliant Ministry Project Fund. AFTER the process and approval of any prior submitted missionary MTD fund transfer requests, any remaining ministry fund balance will be internally transferred directly into Project Fund to be used in that ongoing Reliant Ministry Project Fund. As of 7/1/2016 the only Reliant program participating this way is the Brentwood Baptist Church program.
4. Fully Funded ("One Check Donor") Missionaries
If a church or ministry is the single donor to Reliant for a missionary and the missionary is exiting employment, Reliant will contribute all remaining funds in the MTD fund to the church or ministry. This allows the church to give additional donations to Reliant to keep the missionary fully paid without experiencing short-checks, and keeps Reliant from having a negative balance in the MTD account.
Exception Requests:
- All exception requests for an internal MTD fund transfer above the $5,000 policy limit up to $20,000 will need to go to the Executive Management Committee (EMC) for review and approval.
- All exception requests for an internal MTD fund transfer above $20,000 will need to go to the Audit Reivew Committee (ARC) for review and approval.
Annual Board Reporting
At year end, Reliant management will provide a summary report for review by the Audit Review Committee. The report will list all internal fund transfers initiated by staff from MTD accounts that were approved by management under this policy for that year. This summary report will show the fund numbers and names of persons responsible for the funds involved, amount of the transfers, and the purpose behind the MTD fund transfer request. Note: only transfers initiated out of staff accounts should be included, transfers initiated from department/ministry funds need not be included on the report. As the transfers are complete the summary report should be updated.
...
