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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 balance is $10,000 or more
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- Any amount over $10,000
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- is internally transferred to the
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- Reliant church ministry or project fund most closely associated with the
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- missionary's ministry
- The missionary may request an internal transfer amount per the above policy up to $5000.
- 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
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 balance after approved MTD fund 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. See 3 & 4 below for exceptions to this rule. |
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| Note |
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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 less than $10,
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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.
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 remaining amount transferred to Reliant Staff Ministries Fund upon final closure of MTD account.See 3 & 4 below for exceptions to this rule. |
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| Note |
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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 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 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. As of 7/1/2016 the only program participating this way is the Brentwood Baptist Church program.
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