Transferring funds from the Budget to Income/Expense Categories

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
Puterbam
New Member
Posts: 1
Joined: Sat Sep 25, 2021 10:21 pm

Transferring funds from the Budget to Income/Expense Categories

Post by Puterbam »

Hey all,
I am sorry if this has been presented before, but we will have a budget surplus in the YW this year and the YW President would like to save some funds for next year's FSY. We are a military unit in Japan, so FSY in a big expense for the families here, even with the assistance of the church. Is there a way to move funds (legally and ethically) from our "Budget: Young Women" to our "Income and Expense: FSY Participation" category?
Appreciate any help
Bro PB
eblood66
Senior Member
Posts: 3995
Joined: Mon Sep 24, 2007 9:17 am
Location: Cumming, GA, USA

Re: Transferring funds from the Budget to Income/Expense Categories

Post by eblood66 »

In the US there isn't a "Income And Expense: FSY Participation" category. There is only a Budget:FSY category which is where the ward's/branch's portion of the FSY expense comes from. Is this what you are talking about or is the "FSY Participation" category a place where you deposit payments from families for their portion? In the US, the family portion is paid directly to the church by the families as part of the FSY registration process. But, perhaps, that is done differently in Japan.
davesudweeks
Senior Member
Posts: 2801
Joined: Sun May 09, 2010 9:16 pm
Location: Washington, USA

Re: Transferring funds from the Budget to Income/Expense Categories

Post by davesudweeks »

You might discuss your situation with the stake clerk and gain his advice. If he has questions, he could counsel with the stake president.

Return to “Local Unit Finance”