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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 under $10,000,
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the balance will be eligible for internal MTD fund transfer requests. After any approved MTD fund transfer request is applied, the remaining balance will be internally transferred to the Reliant Staff Ministry Fund.
For Example:
$8,000 | Remaining final balance in MTD account of College Church Ministry/Ken Jones |
($3,000) | Ken Jone's request for MTD fund transfer to another Reliant account, approved by Reliant management. |
$5,000 | Total amount transferred to Reliant Staff Ministries Fund upon final closure of MTD account. |
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