To the First Presidency of The Church of Jesus Christ
of Latter-day Saints: Dear Brethren:
As directed by revelation in section 120 of the Doctrine
and Covenants, the Council on the Disposition
of the Tithes--composed of the First Presidency,
the Quorum of the Twelve Apostles,
and the Presiding Bishopric--authorizes
the expenditure of Church funds.
The Church entities disburse funds in accordance
with approved budgets, policies, and procedures.
The Church Auditing Department, which
consists of credentialed professionals
and is independent of all other Church departments,
has responsibility to perform audits
for the purpose of providing reasonable assurance regarding
contributions received, expenditures made,
and safeguarding of Church assets.
Based upon audits performed, the Church Auditing Department
is of the opinion that, in all material respects,
contributions received, expenditures made,
and assets of the Church for the year 2014
have been recorded and administered
in accordance with approved Church budgets, policies,
and accounting practices.
The Church follows the practices taught
to its members of living within a budget,
avoiding debt, and saving against a time of need.
Respectfully submitted, Church Auditing Department.
Kevin R. Jergensen, managing director.