For assistance, problems or questions, please email us.
Page History
...
| $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. See 3 & 4 below for exceptions to this rule. |
|---|
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 $10,000, 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 remaining amount transferred to Reliant Staff Ministries Fund upon final closure of MTD account.See 3 & 4 below for exceptions to this rule. |
|---|
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.
...
If the missionary is involved in a one-year program experience, where the church or ministry has a fund and will have new participants each year, the full amount will be transferred directly to the Program Fund. AFTER the process and approval of any prior submitted 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. Currently the As of 7/1/2016 the only program participating this way is the Brentwood Baptist Church program.
...
If a church or ministry is the single donor for a missionary, Reliant will return all excess funds in the missionary account to the MTD fund to the church. This allows the church to give extra amounts to keep the missionary being fully paid without shortchecks, and keeps Reliant from having a negative balance on the account.
...
