Commul1jf~of C~rj5f INTERNAL AUDIT REPORT Mission Center Presidency and Conference Michigan USA Mission Center Community of Christ The financial records of Michigan USA Mission Center for the year ended December 31, 2016 have been reviewed applying certain procedures as described below. The purpose of which is to assist in evaluating the effectiveness of the internal control and in identifying any areas in which the accounting functions might not have captured all of the significant financial data. Additionally, these procedures are intended to meet the audit function required by the Presiding Bishopric's policies. This report is intended solely for the use of members of Michigan USA Mission Center and the World Church Presiding Bishopric, and it should not be distributed to anyone who is not associated through these bodies. Among the procedures conducted were the following: 1) Verification of cash balances and investment balances, 2) Review of all asset, liability and equity accounts as recorded in the general ledger, 3) Tests of transactions through the year pertaining to cash receipts, disbursements and journal entries including examination of paid invoices for appropriate documentation. In all material respects, receipts and disbursements have been recorded and administered in accordance with appropriate accounting practices and approved budgets. The accompanying statements present fairly the financial position, the results of its operations and changes in fund balances of Michigan USA Mission ~iJ1/L Gary W. Dodson Internal Audit Department August 18,2017 International Headquarters roar w. Walnut Independence, Missouri 64050-3562 USA 8r6-833-rooo www.cofChrist.org
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Community Of Christ Michigan Mission Center - …...Mission Center Pool A Carleton Sale Pool A Disciple Development Fund Pool A Admin Support Fund Pool A Mission Center Pool B $392,285.25
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Commul1jf~of C~rj5f
INTERNAL AUDIT REPORT
Mission Center Presidency and ConferenceMichigan USA Mission CenterCommunity of Christ
The financial records of Michigan USA Mission Center for the year endedDecember 31, 2016 have been reviewed applying certain procedures as describedbelow. The purpose of which is to assist in evaluating the effectiveness of theinternal control and in identifying any areas in which the accounting functionsmight not have captured all of the significant financial data. Additionally, theseprocedures are intended to meet the audit function required by the PresidingBishopric's policies. This report is intended solely for the use of members ofMichigan USA Mission Center and the World Church Presiding Bishopric, and itshould not be distributed to anyone who is not associated through these bodies.
Among the procedures conducted were the following: 1) Verification of cashbalances and investment balances, 2) Review of all asset, liability and equityaccounts as recorded in the general ledger, 3) Tests of transactions through theyear pertaining to cash receipts, disbursements and journal entries includingexamination of paid invoices for appropriate documentation.
In all material respects, receipts and disbursements have been recorded andadministered in accordance with appropriate accounting practices and approvedbudgets. The accompanying statements present fairly the financial position, theresults of its operations and changes in fund balances of Michigan USA Mission
~iJ1/LGary W. DodsonInternal Audit DepartmentAugust 18,2017
International Headquarters roar w. Walnut Independence, Missouri 64050-3562 USA 8r6-833-rooo www.cofChrist.org
Michigan USA Miss.ion CenterStatement of Financial Position
As at December 31, '2016
Assets
Cash on Hand and investmentsPetty CashChecking(Schedule 1)World Church tnvestment PooJ(Schedule 1)
$ 172.79130,776.14904,855.05
Notes ReceivableCampground Operations AdvanceCampground Study Advance
Total Assets
Liabilities and Net .Assets
Accounts Payable
Reserve and Agency Funds
Net AssetsMission CenterOperating Reserve Fund
Total Liabilities and Net Assets
$1,035,803.98
219,615.7642,600.0066,282.25
$1,364,301.99
$ 6,689.61
1,209,271.52
148,340.86
$1,364,301.99
MiChigan USA MissionCenterStatement of ActiVities
For the year ended December 31, 2016
IncomeCongregational SupportEnvelope ContributionsEarnings on Investment Pool BInvestment Support from Designated FundsOther