2550. Board of Trustees Report to the Charge Conference--The board of trustees shall annually make a written report to the charge conference, in which shall be included the following:
1. The legal description and the reasonable valuation of each parcel of real estate owned by the Church.
2. The specific name of the grantee in each deed of conveyance of real estate to the local Church.
3. An inventory and the reasonable valuation of all personal property owned by the local Church.
4. The amount of income received from any income-producing property and a detailed list of expenditures in connection therewith.
5. The amount received during the year for building, rebuilding, remodeling, and improving real estate, and an itemized statement of expenditures.
6. Outstanding capital debts and how contracted.
7. A detailed statement of the insurance carried on each parcel of real estate, indicating whether restricted by co-insurance or other limiting conditions and whether adequate insurance is carried.
8. The name of the custodian of all legal papers of the local Church, and where they are kept.
9. A detailed list of all trusts in which the local Church is the beneficiary, specifying where and how the funds are invested, clarifying the manner in which these investments made a positive contribution toward the realization of the goals outlined in the Social Principles of the Church, and in what manner the income therefrom is expended or applied.9
9See Judicial Council Decision 420.
General Conference Webmaster: Susan Brumbaugh
PETS Creator: John Brawn
1992 Book of Discipline: ¶ 2550
1996 United Methodist General Conference