[Adopted May 15, 2014]

Reserved funds may be established by the Board of Trustees or the minister. Money in a reserved fund may be used only for the purpose(s) identified when the fund was established. Sources of money in reserved funds include allocations from the church’s operating budget and contributions from members and friends. If restricted gifts are accepted pursuant to the Gift Acceptance and Disposition Policy, the funds shall be placed in a reserved fund.

The board may dissolve a reserved fund established by the board when the fund’s purpose has been accomplished. If any money remains in the fund when it is dissolved, the board shall determine the use of the money.

The minister may dissolve a reserved fund established by the minister when the fund’s purpose has been accomplished. If less than $2,000 remains in the fund when it is dissolved, the minister shall determine the use of the money; if $2,000 or more remains in the fund when it is dissolved, the board shall determine the use of the money.

Monetary gifts given in memory of deceased persons shall be handled in accordance with the Gift Acceptance and Disposition Policy.

The minister is responsible for overseeing appropriate accounting for reserved funds.