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.
Church entities disburse funds in accordance
with approved budgets, policies, and procedures.
Church Auditing, 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, Church Auditing
is of the opinion that in all material respects,
contributions received, expenditures made,
and assets of the Church for the year 2017
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.