Collection › LCMS Convention Workbook (St. Louis, Missouri) › 1973 · 50th Convention › Page 366
LCMS Convention Workbook St. Louis, Missouri — 1973, Page 366

Scan: The Lutheran Church—Missouri Synod
Transcription machine transcription, uncorrected

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.