# LCMS Convention Workbook_St. Louis Missouri_1973_S366 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) 362 STEWARDSHIP AND FINANCE Exhibit A-4 STATEMENT OF CHANGES IN FUND BALANCES — SPECIFIC AND AGENCY FUNDS The Lutheran Church — Missouri Synod SPECIFIC FUNDS AGENCY FUNDS Year Ended January 31, 1973 World Relief Insurance Reserve Fund balance at be- ginning of year _ $662,287 Received from indi- viduals and agen- cies Investment income _ Proceeds from sale of investment in Lu- theran Council in U.S.A. Synodical tuition —_ Transfer of interest income and for- feitures of Church Work Deposit Fees Transfers from Be- quest Funds Administrative expenses Withdrawals or trans- fers to recipients and agencies —___ Expenditures for des- ignated purposes __ Transfers to General Current Fund in- come —_ Fund Balance at End of 531,134 48,070 17,267 55,368 (48,890) $543,586 $ (697,532) (80,500) Year Ended January 31, 1973 Year Ended Year Ended Jan. 31, 1972) Church Work Open Jan. 31. 1972 Other Total Total Deposit Fees Housing Other Total Total 905,241 $2,111,114 $2,360,174 $1,384,565 $251,558 $199,808 $1,835,931 $1,607,379 915,097 1,446,231 1,069,511 432.340 5,269 344,367 781,976 951,226 48,070 49,385 81,957 8,287 843 91,087 70,948 102,420 102,420 78,136 78,136 85,882 238,701 238.701 199,193 (238,701) (238,701) (199,193) 3,918 76,553 22,578 (6,706) (12,422) (126) (19,254) (13,524) (92,434) (6,000) (355,085) (453,519) (580,905) (781,654) (1,528,076) (1,324,765) (426,113) (506,613) (350,844) Year ( ) Indicates deduction. See notes to financial statements. _S678.734 $352,056 $1,035,746 $2,066,536 $2,111,114 $1,561,021 $246.692 $189,807 $1,997,520 $1,835,931 BALANCE SHEET — LOAN FUNDS The Lutheran Church — Missouri Synod Exhibit B-1 ASSETS LIABILITIES AND FUND BALANCES General Church Extension Fund January 31 General Church Extension Fund January 31 Short-term investments — at cost 1973 1972 Miscellaneous notes and accounts 1973 1972 {approximating market) $11.566,498 $ 7,800,000 payable $ 66.402 $ 10,761 Accrued interest receivable 587,375 515,926 Due to Advance Site Fund 274,105 991,830 Deferred charges and other assets 20,811 Accrued interest payable 6,413 6,685 Loan receivable from Capital Project Notes payable: Funds (interest bearing) 1,201,867 Regular 25,100,912 25,756,964 Notes receivable: Accumulating interest 4,762,838 4,329,764 From Districts 11,509,175 13,745,363 Other notes 61,826 70.837 Department of Investment loans —__ 14,982,052 14,360,332 29,925,576 30,157,565 Notes receivable from Capital Bonds payable: , , , , Project Funds — Mission Board __ 539,195 584,769 Church Growth 860,430 667,014 ther 639.346 750,905 Century & 25 987,490 27,669,768 29,441,369 1,847,920 667,014 Reserve for servicing and discounting — Department of Investment loans — 116,980 105,144 Fund balance 7,586,245 7.040,974 $39.823.641 $38,979,973 $39,.823.641 $38,979,973 Service Charge Loan Fund Service Charge Loan Fund Notes receivable from Districts $ 9,079,990 $ 9,385,918 Notes payable to Districts $ 3,214,195 $ 3,375,240 Loan receivable from Capital Project Due to Advance Site Fund. 302.437 61,669 Funds (noninterest bearing) —__ 1,000,000 600,000 Deferred income 251,693 251,693 Notes receivable from Capital Project Fund balance 6,380,828 6,380,828 Funds — Mission Board 38.394 53,064 Accrued interest receivable 30.769 30,448 $10,149,153 $10.069,430 $10,149,153 $10,069,430 Advance Site Fund Advance Site Fund Cash $s 71,880 §$ 30,618 Mortgage note payable 133.367 § Due from General Church Extension Fund balance 4,444,871 4,327,323 Fund 274,105 991.830 Due from Service Charge Loan Fund __ 302,437 61.669 Advance site purchases and deferred costs 3.929.816 3.243.206 S$ 4.578.238 $ 4,327,323 $ 4.578.238 $ 4,327,323 See notes to financial statements. Exhibit B-2 STATEMENT OF CHANGES IN FUND BALANCES — LOAN FUNDS The Lutheran Church — Missouri Synod GENERAL CHURCH SERVICE CHARGE ADVANCE SITE EXTENSION FUND LOAN FUND FUND Year Ended January 31 Year Ended January 31 Year Ended January 31 1973 1972 1973 1972 1973 1972 Fund balance at beginning of year ——__. $7.040.974 $6.593.802 $6,380,828 6,378,810 $4,327,323 $4,000,624 Gifts and bequests 80,114 52.390 Excess of income over expenses 465,157 375,731 Proceeds from sale of advance sites less cost and related deferred charges of sites sold . 117,548 326,699 Foreign exchange adjustment 19,051 2,018 Fund Balance at End of Year $7.586.245 $7.040.974 $6,380.828 $6,380,828 $4.444.871 $4,327,323 See notes to financial statements.