# LCMS Convention Workbook_St. Louis Missouri_1981_S28
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

28 MISSIONS

Ernst & Whinney 19 Broadwas ; Fane 30

5. ut LIABILITIES AND FUND BALANCES 1979 198C
Si Leuis. Mis OT TT

GENERAL LOAN FUND

Miscellaneous notes and accounts payable $ 228,608 $s 172,956
Due to other fuads 2,215,983
Accrued interest pavabie 33,066
Notes pavable--Noce E
Regular 9,765,943
Board of Directors Accumulating interest 3,967 ,6C2
Lutheran Church Extension Fund - Church Growth 60,333
Missouri Synod 13,773,378
St. Louis, Missouri Bonds payabie--Note £&
Church Growth 516,35.
Century & 25 1,352,629
1,868,980
de Nave examined the balance sheets of the several funds of the Lutheran Support dollars pavable~-Note2 F 15,089,889
Church Extension Fund - Missouri Synod as of June 30, 1980 and i979, and Repurchase agreement--Note G
the related statements 2f£ changes in fund balances and revenue and Fund dalance 13,295, 306 14,595,313
expenditures of the General Loan Fund for the periods tnen ended. Our
examinations were made in accordance with generally accepted audiring
standards and, accordingiv, included such tests of the accounting records
and such other audicing procedures as we considered necessary in the
circumstances. SPECIAL MINISTRIES FUND
In dur opinion, the financial statenents referred to above present fairly Fund balance S 5,880,823 S$ 6,380,328
the financial position 9f the several funds of the Lutheran Church
Extension Fund - Missouri: Svnod at June 30, 1980 and i979, and the

results of their operations and changes in fund balances for the periods
chen ended, in conformity with generally accepted accounting principles

applied on a consistent basis. S$ 6,880,828 $ 5,885,328
FS YW . ADVANCE SITE FUND
OA x
Mortgage aotes payable $ $
St. Louis, Missouri Accrued interest pavable
August 15, 1980 Fund dalance B95. , 747
$8,951, "8"
See notes t2 financial scatemencs

LUTHERAN CHURCH EXTENSION FUND - MISSOURI SYNOD

BALANCE SHEETS

June 30
ASSETS 1979 1980
GENERAL LOAN FUND
Cash $ $ 473,430
Short-term investments at cost
(approximates market) 10,856,085 6,746,170
Accrued interest receivable $82,043 455,708
Notes receivable--Note ©
From Districts 8,345,165 10,193,390
From member congregations 24,791,779 26,971,251
From Board for Mission f oth
Lutheran Church STATEMENTS OF REVENUE AND EXPENDITURES - GENERAL LOAN FUND
Missouri Synod 558,483 589,367

33,695,427 37,754,008
Note receivable from The Lutheran

Church ~ Missouri Synod--Note D 4,759,516 Niae Montss
Ended
: : « VENUE, r 0. 29
Other notes and accounts receivable 1,372,155 1,955,336 REVENUE fune 30, 1979
$46,505,710 $52, [446,168 Interest and fees earnec $2,689,206
» 2+ “> 2 . : 19 4
Gifts and Sequests Li? 44)
2,806,647
SPECIAL MINISTRIES FUND
EXPENDITURES
Casn s S$ 883,230 , . Nga cas
Notes receivable from Districts 5,674,622 3,995,264 Interest , + 638 , BSC 715s 0d
Accrued interest receivable 13,545 2,334 Saiaries and related expenses 65,195 98,9 +
Due from General Loan Fund 1,192,661 Advertising and promotion 8i,s3. 25,327
Professional services 146,747 3,2
$ 6,880,828 S$ 6,880,828 Data processing and accounting services 92,199 4,9
Seo aoa ==a=a=" Other expenses 125,562
0,009

ADVANCE SITE FUND

EXCESS OF REVENUE OVER EXPENDITURES $

6,638

Cash S$ 132,198 S$ 1,366,407
Due from General Loan Func 2,923,322
Advance site purchases ‘including net

deferred expense of $326,570 in 1979

and $370,068 in 1980) 7,020,983 7,887, 38¢

$8,176,503 $ 8,951,787

See notes to financial statements