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Chip > Chapter Activities > Receipts - guidelines for submitting

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Receipts — guidelines for submitting

An important process of chapter financial recordkeeping is having all chapter service teams submit receipts. All congregational and community service teams are part of their chapter, and the chapter is responsible for retaining all receipts for seven years in case of an audit. Receipts serve as supporting information for funds that are released and for reporting that is done online.

SUBMITTING RECEIPTS FOR CARE IN CONGREGATIONS® PROGRAM
Congregational service teams must provide the chapter leadership board with all receipts or legible photocopies of receipts for expenses they incur doing any Care in Congregations® hands-on service activities.

All hands-on service activities must have receipts because the expenses associated with the service activity (to purchase materials to conduct the activity) drives the Care in Congregations® funding. Although receipts are not required for Care in Congregations® fund-raisers, it is the preferred process and a best practice to submit receipts for fund-raisers as well.

Example: A congregational service team requests $750 in Care in Congregations® funding for the purchase of paint to repaint the Sunday School rooms. The team submits to the chapter leadership board the receipts (or legible copies) for the $750 in paint purchased so the board has the documentation on file in case an audit is conducted.

Important Note:
Refusal to submit receipts to the chapter leadership board would be grounds for removal of congregational coordinators from this leadership position.

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SUBMITTING RECEIPTS FOR CARE ABOUNDS IN COMMUNITIES® PROGRAMS
The contact person for a service team conducting a Care Abounds in Communities® activity, or a locally supported chapter activity, must keep receipts for each expense that is reimbursed from the funds raised (e.g., if $25 of the $200 raised is used to reimburse someone for the purchase of food, the contact person should have the receipt for the purchase of the food). Receipts must also be kept for all expenses related to supplies purchased to do a hands-on service activity.

If, for some reason, a portion of the funds raised by the service team cannot be sent to the financial director (this should be a rare occurrence), but are deposited elsewhere or provided directly to the recipient, the service team must ask the cohosting organization or recipient to provide a letter titled "Acknowledgement of Funds Raised by Thrivent Financial for Lutherans Chapter," which confirms the fair share amount raised by the chapter’s service team. This letter should be included with the other receipts. Additional information on this topic is included in the How To section of CHIP.

All receipts, check(s) totalling the net funds raised and a list of any donations valued at $250 or more, should be placed in an envelope and mailed by the service team to the chapter’s financial director or another designated chapter leader upon completion of the activity.

After the receipts have been received, everything balances and the financial director has verified that all deposits have been credited to the chapter’s checking account, he or she can release the funds that have been raised, as well as the supplemental funds from Thrivent Financial. Note that supplemental funds will be transferred directly into the chapter checking account after final activity information is entered in Thrivent Financial's fraternal online reporting system. (For a hands-on service activity, the funds could be sent directly to an identified payee.)

Additional Topics
Audit committee
Depositing funds raised - guidelines and requirements
Recipient information - tips for entering correctly
Reporting operating fund expenses


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©1995-2008 Thrivent Financial for Lutherans

This document was last updated on Monday, December 31, 2007 at 4:49 PM



This is proprietary information that is solely for use by employees, volunteers, and agents of Thrivent Financial for Lutherans in connection with fraternal activities of Thrivent Financial for Lutherans.