SetASide Accounting Issues   0088-01    ZZall

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                           TO:  Interested Ministry                                                                                         FROM: Jim Bramer, Retired Auditor-CPA
                                                                                                                                                                FILE:  0088-01/all

                           RE:  SetASide Accounting Issues                                                                     Originated:  January 1996                               


                                                SetASide definition is:

            A process by which the Ministry charges the current GPFund, usually via a Budget line item, for an amount that is cross fund transferred to a named SPFund ----- usually for some upcoming future purpose. Please Go Here  for further information about GPFund and SPFunds.

                                                SetASide examples include:

            Budgeted monthly charges are made to GPFund for future replacements of certain Land, Buildings or Equipment/Furniture. Especially within context of earned income, such as fees charged to Ministry participants. This way management has large enough fees so that money can be setaside for anticipated future repairs/maintenance, or even Furniture/Equipment replacement, etc. This might even pertain to Land and Buildings.
            Known one-time annual expenditures .... whereby the
GPFund is monthly assessed 1/12th of this expenditure. When the annual bill it paid, of course, it is charged to this SetASide SPFund and not to the already assessed GPFund.
            In a Church setting, money might be SetASide for upcoming annual or periodic Mission events.
            Virtual Debt Service,  please Go Here for more details in a Church setting, or the Ministry is posturing itself for known upcoming Facility construction borrowing and needed pay off.
            Transfers to a Board discretionary
SPFund as a Operating Contingency Reserve.


         The bulk of this Publication originated in January 1996 and was  .UPTD: May 23, 2010

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