Partners in Mission:
See below how to record on your 2020 ELCA parochial report a PPP loan from ELCA Treasurer Lori Fedyk….
For congregations that received a PPP Loan that has NOT yet been forgiven
- Record the amount of the loan that was received on Line 17e as a cash receipt
- Record the loan as debt on Line 19.
For congregations that received a PPP Loan that has been forgiven
- Record the amount of the loan that was received on Line 17e as a cash receipt
It would be very helpful if congregations note on the respective lines the amount of the PPP loan.
If you have questions please contact the synod office directly.
Bishop Gronberg