Looking for procedures for setting up restricted cash reserve. We need wording for the restricted cash procedure for our church. We have received some money but want to restrict how we use the money...only for dire financial emergency for the church but not in the operating fund.
2Comments
Thanks.
AAnonymous
Thanks. That might work. Thanks again for the comment.
Restricted Cash
AAnonymous in NC
Why not call it Dedicated Emergency Funds? Deposit the funds in a separate account from the operating funds or have an accounting system that keeps that cash for Dedicated Emergencies separated from the operating funds checking account balance.