1996 Book of Discipline: Paragraph 2549| General Conference 2000

ś 2549. Board of Trustees Report to the Charge Conference--The board of trustees shall annually make a written report to the charge conference, in which shall be included the following:

1. The legal description and the reasonable valuation of each parcel of real estate owned by the church;

2. The specific name of the grantee in each deed of conveyance of real estate to the local church;

3. An inventory and the reasonable valuation of all personal property owned by the local church;

4. The amount of income received from any income-producing property and a detailed list of expenditures in connection therewith;

5. The amount received during the year for building, rebuilding, remodeling, and improving real estate, and an itemized statement of expenditures;

6. Outstanding capital debts and how contracted;

7. A detailed statement of the insurance carried on each parcel of real estate, indicating whether restricted by co-insurance or other limiting conditions and whether adequate insurance is carried;

8. The name of the custodian of all legal papers of the local church, and where they are kept;

9. A detailed list of all trusts in which the local church is the beneficiary, specifying where and how the funds are invested, clarifying the manner in which these investments made a positive contribution toward the realization of the goals outlined in the Social Principles of the Church, and in what manner the income therefrom is expended or applied.¹²

[FTN] 12. See Judicial Council Decision 420.



	1996 Discipline ¶ 2549
	ś 2549. Board of Trustees Report to the Charge Conference--The board of trustees shall annually make a written report to the charge conference, in which shall be included the following: 1. The legal description and the reasonable valuation of each parcel of real estate owned by the church; 2. The specific name of the grantee in each deed of conveyance of real estate to the local church; 3. An inventory and the reasonable valuation of all personal property owned by the local church; 4. The amount of income received from any income-producing property and a detailed list of expenditures in connection therewith; 5. The amount received during the year for building, rebuilding, remodeling, and improving real estate, and an itemized statement of expenditures; 6. Outstanding capital debts and how contracted; 7. A detailed statement of the insurance carried on each parcel of real estate, indicating whether restricted by co-insurance or other limiting conditions and whether adequate insurance is carried; 8. The name of the custodian of all legal papers of the local church, and where they are kept; 9. A detailed list of all trusts in which the local church is the beneficiary, specifying where and how the funds are invested, clarifying the manner in which these investments made a positive contribution toward the realization of the goals outlined in the Social Principles of the Church, and in what manner the income therefrom is expended or applied.¹² [FTN] 12. See Judicial Council Decision 420.
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1996 Discipline ¶ 2549