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Staff Member Project Funds

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Staff Member Project Funds

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Staff Member Project Funds

Some ministries allow their staff members to raise project funds that are put in a separate responsibility centre. This allows the staff member to raise the funds needed for ministry projects (such as a summer project) or family needs (such as a new vehicle or a home down payment) but avoid the possibility of those funds being disbursed through regular means such as salary.

Staff member project funds require a separate designation.

The project designation can have an assessment different from the normal designation, or no assessment. (This is based on ministry policy.)

If the purpose of the project fund is to keep the funds raised separate from the staff account, then a separate responsibility centre must also be used.

The designation should be named as an organization, not as a person, to keep it distinct from the staff member. For example, staff member Peter Parker would appear in the contact list as Parker, Peter. His project account should be named "Parker, Peter-Project Fund". It will then appear in the contact list alphabetically with "Parker, Peter", but will be obviously distinct.

Donations can be entered for both the staff member and the project. Sometimes a partner will give a single donation with the intent to split the donation between both RCs.

The journal for the batch will show the funds going to both RCs.

 




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