From the Memo Board: February 2016

Dates to Know

February 19 – You should receive the 2016 MFR Template with the new mileage rates.

March 1 – January Financial Reports will be due.

June 20-23 – Family Fellowship Week with Valley Baptist Church in Edinburg, VA.

Benefits of Financial Reports

The Monthly Financial Report (MFR) is the tool that missionaries can use to become accountable to WWNTBM for their reimbursable expenses, rather than having all funds listed as salary. Over the course of 2015, 79% of those eligible chose to submit MFRs. By doing so, they were able to reduce their W-2 Wages by a combined average of 29%. If you are not currently utilizing MFRs and would like information about how to begin, please contact our Office.

Excel Template for 2016

We are working on some changes to the Financial Report Template. If you’ve not already done so, would you consider giving us some feedback? Click here to complete a short survey. We will need your response by February 8. Then, the new Excel template for the year 2016 will be available on or about February 19. This will give us time to review the your suggestions and incorporate any changes. January financial reports will be due on March 1. Should you wish to complete your report before the new template is available, you are welcome to submit it on the 2015 template.