Brigham Young's financial report informs general conference that from 1857 to this date, the church spent a total of "$70,204 in excess of what has been received in money and Tithing." This is the first financial report to acknowledge the church's deficit spending.
[Source: The Mormon Hierarchy - Extensions of Power by D. Michael Quinn, [New Mormon History database (http://bit.ly/NMHdatabase)]]
No comments:
Post a Comment