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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

Total Income

ExpensesMission Center Office Operations

AuditEquipment Replacement/MaintenanceInsuranceLicenses & FeesOffice LeaseSupplies/Office SuppliesMiscellaneous

Salaries & Benefits

CommunicationsPostageInternetConferencing ServicesChurch UpdatesWebsiteTelephone

Volunteer Travel Support

Develop Disciples to ServeSALTSpectacularJourney House Campus MinistriesLeadership & priesftlood Development

Invite People to ChristDetroit Hope Ministry SupportDetroit Hope Facility SupportCongregation MISSion ExpansionCamper Grants

Pursue PeaceYouth and Young Adult MinistriesYouth Camp Ministry Support

Congregational Support Ministers for lCM

Total Expense

Net Income

Transfer to Admin Support Fund

Operating Fund January 1

Operating Fund December 31

s 35H'2492.34

1,912.0047240

4,800.00535.42248.13

600.851,425.00891.83420.00

1,178.161,398.30

1,737.617,000.008,000.002,191.01

12,380.0020,981 ..622,000:001,750.00

18.756,472.n

$ 122,684.1120,500.411,652.97

23,361.62103,398.37

8,811.31

96,535.40

5,914.14

626.66

18,928.62

37,111.62

6,491.47

966.18

$ 271,597.48

175,385.40

96,212.08

(96,212.08)

148,340.86

$148,340.86

Michigan USA Mission CenterSummary of Reserve and Agency FundsFor tile year encIedDecember 31.2016

Balance Additi.ons of Balance1/112016 Other Accoun1s Received Expended 12/3112016

Administrative Support Fund s 203,129.81 $ 135,320.16 $ 427.07 $ 338,022.90Blue Water Reunion Reserve 4,843.90 240.00 27,824.26 32,908.16Campgrounds General Fund 231.00 9,944.00 10,294 ..00 (119.00)Camping Ministries(Retreals, Etc.) 1,365.11 1,365.11Carleton Sale Fund 176,964.95 12,.339.01 20,981,62 168,322.34Church Plant - Facility Fond 36,371.33 22,'948.62 .22;948.62 36,371.33Church Plant Program Ftmds 20,35721 3,010..67 17,346.54Contemporary Christian Ministries 281.75 .22,16373 22,445.48Detroit Properties (4,878..94} 9SR50 (5,838.44)Disciple Development Fund 68,976.85 4,816.53 1,814.56 71,978.82Earnings from Investment Pool A 73,802.00· 25;671.64 99,473.64Equity in Notes Receivable 205,347.37 35,000.00 20;731 ..61 219,615.76Mission Center Conferences 13,140.13 8,209.93 8,591 ..34 12,758.72Mission Support Fund 91,426.77 91,426.77Owosso Group 35,772.30 777.99 3;089.00 33,461.29Park of the Pines Reumon Reserve 2,691-34 10,204.57 19,747.90 32,643 ...81Redford Center Office 23,863.77 9;100.00 2,975.70 29,988.07Redford Center Office Improvement 20,00€tOO 20,000.00Reunion Program Fund 1,579.46 1,579.46Reunion Reserve Fund 3,484.62 10,603.39 131.54 13,956.47Sanford Reunion Reserve 5,388.50 15,069.85 13,636.4'9 34,094.84Spectacular Fund 1,319.75 22,835.00 22,699 ..40 1,455.35Woodlands Family Camp Reserve 95.00 1,288.96 4,'504.14 5,286.93 601.17Young Adult Leadership Fund 1,825.00 1,825.00Youth Camp Ministries 2,813.12 12,808.20 61,281.56 51,570.76 25,332.12Youth Camp Scholarships 17,097.84 9,357.39 5;950.00 20,505.23Youth Ministries Fund 6,872_19 2,970.68 9,842.87

$1,011,262.92 $ 40,931.33 $ 460,631.88$ 303,554.61 $ 1,209,271.52

Michigan USA/Canada Mission CenterStatement of Cash and Investments

As at December 31,2016

CheckingHuntington BankFifth Third Bank - ReunionChemical Bank - ReunionMercantile Bank - Family CampChase Bank - Youth CampFifth Third Bank - SPEC

$112,454.832,000.001,537.00501.17

12,849.091,434.05

Total Checking

WC Affiliate Investment PoolMission Center Pool ACarleton Sale Pool ADisciple Development Fund Pool AAdmin Support Fund Pool AMission Center Pool B

$ 392,285.25189,303.9673,753.38150,811.1298,701.34

Total Affiliate Investment Pool

(Schedule 1)

$130,776.14

$ 904,855.05