As we all know, the auditors retained by the church, Arthur Anderson and Co., are auditing the books for 1978. We have authorized them to send letters to various members and employees for information to help confirm aspects of the audit. If a church member in your area receives a letter requesting information from A. Andersen and Co. he should feel free to answer. If you have any specific questions, please call Ministerial Services (not Accounting).
Income is holding
All mail income, including special offerings and holy day offerings seem to be holding at around 10%. In March the Church sent out a call for special offerings to raise enough money to post a bond if the surety pledges are somehow disqualified on a technicality. As reported in the March 27th Pastor's report, if the special offering is not needed for the bond it will be used in the general operating fund in order to help spread the gospel. As of this writing, the amount received for this fund stands just under $650,000.
For your interest we are reproducing the text of an April 26th memo sent to all department managers from Jack Bicket for Mr. Stan Rader, It gives a few further insights as to the present state of the Church's finances and how are coping with our cash crisis.
FINANCIAL AFFAIRS UPDATE
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