Doctor CamNC4Me wrote:Hello,
Why are TBMs OK with their church hiding its financial records? It boggles the mind.
V/R
Dr. Cam
To whom are you referring, Cam?
Doctor CamNC4Me wrote:Hello,
Why are TBMs OK with their church hiding its financial records? It boggles the mind.
V/R
Dr. Cam
Doctor CamNC4Me wrote:Hello,
Why are TBMs OK with their church hiding its financial records? It boggles the mind.
V/R
Dr. Cam
harmony wrote:Pahoran wrote:Explain, please, where "Tithing Trough" Harmony makes any allowance at all for the Church to invest its surplus in a financially prudent way.
In my opinion, the church should never never never have any surplus, until there are no poor in the world and widows have all they need.
Jason Bourne wrote:Well my main point that I have treid to make to you and Pahoran is that it is a poor defense to argue GA stipends don't come from tithing and that somehow makes it better. I found it odd when President Hinckley even addressed where the money might come from. Same thing for the mall really. All money used by the church ultimatly traced back to some contribution by members. And if it is used for malls or or other businesses or investments that can mean less for other things it seespms Christ's church ought to do.
Runtu wrote:I may be an outlier, but I don't have a problem with the church being involved in business enterprises, as long as there's a clear distinction between the tax-exempt church organization and the for-profit stuff. It's true that all church funds originated at some point in donations, but personal and church money was so intertwined in earlier times that it's hard to say where it all came from.
You might wonder why an unbeliever like me is OK with a church making money. First of all, the church takes in a lot of money in good times and less in bad times. Having other sources of income besides donations can help even things out and provide a source of income in scarce times. To me, it's just a wise strategy for making sure you have enough income to do the things you want to do as a church.
But isn't it slightly immoral for a church to be in business? Couldn't that money be put to better use? Maybe so, but then income from these businesses can be put back into the church (and as I recall, they are) and provide funding for more of the activities we traditionally associate with religious and charitable organizations.
My two biggest issues with church finances are these:
1. Complete lack of transparency and oversight. Church members are just expected to trust that money is used wisely and honestly. It was a huge mistake, in my view, for the church to stop publishing their books in the late 1950s. A lot of people I know in and out of the church are suspicious of closed books. While I don't believe there is a big problem with fraud in church finances, I really don't have any idea because I can't see the books.
2. Unwise investments and wasteful spending. The City Creek project has the potential to be a financial disaster for the church. They started building at the peak of the real estate market, meaning their costs were at their highest. A friend of mine who works on the project says they are massively over budget, and when it's finished, they will not get the expected occupancy and lease rates because of the depressed real estate market. I thought it was a bad investment when they started, but it's become even more so.
And the Conference Center serves no real purpose. They didn't need a bigger venue for conference because people in Utah, who are likely to attend, can watch it on TV. Still haven't figured out why they built that thing.
moksha wrote:Loved that standing next to pygmies metaphor.
Jason Bourne wrote:Harmony
I did not say I favored amassing huge income generating assets by the church. But I think for you to think the church should not set aside for downturns, or as some else noted, for times of emergency or disaster is extreme.
And yes most other large churches do the same thing.
Look at it like this. Let's say the church has fixed operating costs of $1000 annually. Assume this covers all the things you seem quite fine with- operating chapels, temples, missions, manuals and so on. Assume that the church got to the $1000 annual costs in relatively good times and now those are fixed costs. Suddenly there is an economic downturn. Now income coming in is $700 for say five years straight. You say the church should simply cut back?
Whose chapel should they close and sell off?
Which temple?
What missions should they close?
The answer is they should not have to if they have set aside a reasonable amount of other funds that may generate income for the shortfall. This is simply being a wise steward which is certainly biblical (recall Joseph in Egypt and the seven years of plenty followed by seven of famine). There is nothing wrong or outside any gospel mandate for the church to do this.
Of course the question is how much is prudent, wise and reasonable to set aside....