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Page History
| Policy Name: | MTD Fund Transfer |
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| Scope: | All Employees & Associates |
| Revision Date: | March 10, 2021 |
| Last Review Date: | June 9, 2023 |
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Ministry donations received by Reliant Mission belong to Reliant and are under the control of Reliant. Reliant employees may request that Reliant transfer MTD funds internally |
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out of the MTD account for which they’re responsible, to another |
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Reliant ministry account, including |
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another employee MTD account or |
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Reliant church/project account |
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MTD |
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Transfer Requests |
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The following rules apply:
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Automatic Fund Transfer Policy for MTD Accounts of all Exiting GCM Missionary Staff
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 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
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 balance will be transferred to the GCM SMF.
Annual Board Reporting
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Communication Info
Access the form below and share the completed form to payroll@reliant.org.
Requests from Exiting Employees
Requests for a Department Transfer
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| If you have questions about this process, the policy, or its parameters, please contact your Program Team Liaison (for MTD Transfer questions) or accounting@reliant.org (for Transfers from a Department). |
