Coronavirus Response

  • Home
  • A-Z List
  • About
    • About the NCC
    • Connectional Table
    • Staff
  • Calendar
    • Events
    • Google Calendar
    • Past Events
  • Churches
  • Contact
    • Find Us
  • Districts
    • District Office
    • Beacon
    • Capital
    • Corridor
    • Fairway
    • Gateway
    • Harbor
    • Heritage
    • Sound
  • Employment
  • Search

NC Conference

Healthy Congregations and Effective Leaders in Every Place Making Disciples of Jesus Christ for the Transformation of the World

  • Discipleship
    Developing Disciples
    • Christian Formation
      • Children
      • Church & Society
      • College
      • Differently Abled Persons
      • Educational Ministries
      • Older Adults
      • Status & Role of Women
      • Young Adults
      • Youth
    • Church Revitalization
      • Coaching
      • Disciple Making Way
      • Evangelism
      • Grants
      • MissionInsite
      • Real Discipleship Survey
      • Shift
      • Spiritual Life
    • From the Bishop
      • Bishop’s Bookshelf
      • Bishop’s Sermons
      • Church Transformation
      • Conflict Transformation
      • Connections
      • Discipleship & Learning Plan
    • Multicultural
      • Asian
      • Hispanic/Latino
      • Native American
      • Strengthening the Black Church
    • Stewardship
      • Apportionments
      • District Remittances
      • Financial Discipleship
      • Grants
      • Insurance
      • Mission & Service
      • Pension
      • Treasurer Training
  • Leadership
    Strengthening Leaders
    • Bishop’s Office
      • Appointment Book
      • Bishop’s Sermons
      • Church Transformation
      • Conflict Transformation
      • Connections
      • Discipleship & Learning Plan
    • Ministerial Relations
      • Board of Ordained Ministry
      • Called to Ministry?
      • Extension Ministries
    • Board of Laity
      • Certified Lay Minister
      • Lay Servant Ministries
      • United Methodist Men
      • United Methodist Women
      • United Methodist Youth
    • New Faith Comm.
      • Called to Plant?
      • New Room Society
      • Our Communities
    • Conference Offices
      • Center for Leadership Excellence
      • Christian Formation
      • Communications
      • Conference Secretary
      • Connectional Ministries
      • Information Technology
      • Multicultural Ministries
      • Outreach Ministry
      • Treasurer’s Office
  • Service
    Ministering To The World
    • Local Outreach
      • Church Construction
      • Church Loans
      • Restorative Justice and Mercy
      • Disciple Bible Outreach
      • NCC UMVIM
      • Seed Funds
      • Mission Projects
        • Health Ministry
    • Global Outreach
      • Imagine No Malaria
      • Love for Liberia
      • Missionaries
      • Project AGAPE
      • Sierra Leone: Mission of Hope
      • ZOE
    • Disaster Ministries
      • Donate to Storm Response
      • Hurricane Florence
      • MERCI
      • Response Plan
      • Response Team
      • UMCOR Kits
    • Giving
      • Advance/Rainbow Covenant
      • Apportionments
      • Give to Storm Response
      • Mission & Service
      • The Gary Wayne Locklear Mission Endowment
      • New Room Society
      • Special Sundays
    • Ministry Partners
      • Camps & Retreats
      • Partners In Ministry
      • Robeson Co. Church & CC
      • UMF
  • Resources
    Supporting Ministry
    • Conferences
      • Annual Conference 2019
      • Annual Conference 2020
      • Charge Conference 2020
      • General Conference
      • Pilgrimage
      • SEJ Conference 2016
    • Media Center
      • Catalog
      • Labyrinth
      • Ministry Tools
      • Online Resources
      • Weekly Newsletter
    • Online Resources
      • Archives & History
      • Church Lookup
      • Online Data Collection
      • Online Learning
      • Pastor Lookup
      • Podcasts (NCCUMC.FM)
      • Ramus: Web Hosting
      • Video (Vimeo)
    • Publications
      • Advent 2020
      • Appointment Book
      • Bible Study
      • Conference Directory
      • Conference Journal
      • Every Day Grace
      • Lenten Reflections
      • Mission & Service
    • From UMC.org
      • Agencies
      • Communications
      • Discipleship
      • Finance & Administration
      • Global Ministries
      • Graphics Library
      • Relief
      • Status & Role of Women
  • Treasurer’s Office
    • Contact Us
  • Committees
    • Meeting Materials
      • Board of Pension
      • Board of Trustees
      • Council on Finance and Administration
      • Equitable Compensation Commission
      • Insurance Committee
      • Joint Committee on Clergy Medical Leave
      • Nominations Committee
      • Connectional Table
    • Nominations
  • Downloads
    • Church Remittances
    • Compensation
    • EFT Forms
    • Insurance
    • Moving Expense
    • Pension
    • Statistical Tables
    • Tax Law
    • Travel
  • Insurance
    • Amazing Pace Program
      • Success Stories
    • Rates
    • Retiree Health
    • Wellness Programs
  • Pension
    • Transition Fund
    • Pension FAQ
  • Reports
    • District Remittances
    • Historical District Remittances
  • Resources
    • Church Audit Referrals
      • Gary Lanvermeier, CPA
      • Langdon & Company, LLP
      • Sandy Newell, CPA, Partner – BRC
      • Thomas, Judy and Tucker, P.A.
    • Clergy Tax Referrals
      • Ada Douglas: Ada’s Bookkeeping & Tax Service
      • Barton W. Baldwin: Baldwin & Hodge, CPAs
      • Cox and Hamilton, CPA, PA
      • Crawford Knott: Holden Moss, CPAs
      • Dianne Uzzell: Nunn, Brashear & Company, P.A.
      • Frank A. Elmore, CPA, P.A.
      • Fred Roberson: Roberson CPA Firm, PLLC
      • Henry White: Stancil & Company, CPAs
      • Joan Lucas: JL Accounting Services
      • Lawrence A. Hamilton: Hughes Pittman & Gupton, LLP
      • Mark Friesen: Clergy Financial Resources
      • Patricia Rhodes: Stout, Stuart, McGowen and King LLP
      • Susan K. Foster: Clergy Tax Professionals
    • Discussion Group
    • FAQ
      • All FAQ
      • Apportionments
      • Benefits
      • Church Finances
      • Church Payments
      • General
      • Online Data Collection System
      • Taxes
    • Online Data Collection System
    • Training Materials
  • Stewardship
    • Christian Giving in Today’s Economy
    • Environmental Stewardship Basics
    • Faithful Giving Stewardship Services
  • Financial Wellness
    • Budgeting
    • Credit Management
    • Debt Management
    • Estate Planning
    • Funding College
    • Insurance
    • Investing
    • Retirement Planning
    • Saving
    • Financial Wellness Resources

Is there a process where we could re-designate unused restricted funds to another purpose in our church?

​​By definition, temporarily restricted funds are donations to the church that come with stipulations that limit the use of the funding to a specified purpose. The funding can be spent but just for the intended purpose. What happens when the funds can no longer be used for the designated purpose?

For funds on hand currently for projects that have been completed, if the amounts are immaterial to the project size and there are no further expenses for the project, the remaining funding should be used for a similar project (if applicable), provided for ministry support within the ministry area relating to the donation, or released for general budgetary support at the agreement of the Finance Committee and Church Council.

If the amounts remaining are large and material to the project size, if the donors can be identified, the donors should be approached with a plan for approval of a new use of the funds – a new project, general budgetary support, a similar project, etc.  If the amounts remaining are large and material to the project size, if the donors cannot be identified, a proposal for use of the funds should be developed and presented for charge conference approval along with a new gift acceptance policy outlining future plans for how this will be handled if it occurs again.

A gift acceptance policy should be developed to guide the church leadership in the types of donations that can be accepted, proper approvals needed to accept donations for particular purposes and what happens to funds left after a project is complete.  Donors should be made aware of this policy at the time of donation to ensure their agreement to the ultimate disposition of any remaining funds at project completion. Download a sample gift acceptance policy from our website for more information.

Back to FAQ Search

Post Categories

GCFA Links

  • GCFA
  • Legal Manual
  • Tax Packet
  • UM Group Ruling
  • UMC Giving

Other Links

  • Center for Health Newsletters
  • Gen Bd of Discipleship (GBOD)
  • Gen Bd of Global Ministries (GBGM)
  • Internal Revenue Service
  • Online Data Collection System (OLDCS)
  • PeopleFacts – Background Checks
  • United Methodist Insurance
  • Vanco Payment Solutions: Church Marketing Center

NC Conference of The United Methodist Church · 700 Waterfield Ridge Place · Garner, NC 27529
Phone: 919.779.6115 · Toll-free: 800.849.4433 · Fax: 919.773.2308

Copyright © 2021 · Privacy Policy · Powered by WordPress · Site Admin

  • Español
  • 한국어