Report all 2008 operating funds expenses online by year-end —·FOR CHAPTER LEADERS

Information needed for chapter audit, IRS reporting and determining future operating funds deposits

Action:  It’s important for your chapter to report all 2008 chapter operating funds expenses on the Manage Operating Funds online screens (located in the Chapter Leadership Administration Menu) by year-end.

• The expenses need to be reported on these screens so they are captured on your chapter’s 2008 Chapter Summary Report, which is used to conduct the annual chapter audit and for our annual IRS reporting. In addition, the expenses need to be reported in the year they were expensed to make sure we have the most accurate reporting for the IRS.
  
  
• Reporting these expenses accurately by year-end also confirms what portion of your chapter’s operating funds has been spent in 2008, and what portion is being carried over to 2009. That carryover balance may be used as a factor in considering the amount of operating funds to provide to your chapter in 2009.
  
  
• If your chapter’s 2008 operating funds expenses are not reported online by year-end, the chapter will not receive the July 2009 deposit of chapter operating funds. 

Reporting early provides sufficient time to get questions answered before year-end and prevent last-minute work on your part during the Christmas season.

Helpful tools available
The following tools are on the Tutorials/Quick References page, which you can link to from the For Chapter Leaders section online:

• Manage Chapter Operating Funds tutorial, which includes interactive simulations that allow you to practice entering various operating funds expenses.
• Managing and Reporting Chapter Operating Funds quick-reference guide (PDF, 302K)

Questions?
Please contact the Fraternal Service Center at fraternal@thrivent.com or 800-236-3736.