Post by LDS Anarchist on Jun 14, 2004 3:21:08 GMT -5
The financial council would be responsible for accounting for all the incomings and outgoings of the general fund, or the treasury. If a United Effort opts to do its business in a private currency, such as the American Liberty Dollar, it will not have recourse to the banks, since banks will not accept American Liberty Dollars for deposit. This leaves safe deposit boxes as an alternative. I would not think it wise to just keep ALDs in a safe in one of the homes of the United Effort members. Any stewardships appointed by the leadership council and consented to by the general council, would be purchased by the financial council and a record of said purchase and the steward to whom the purchase is going would be kept. The financial council would also keep track of all the monthly contributions of the individual members as well as any surplusses generated by the various stewardships, not only how much is received but also from who it is received. In this way, a full accounting can be made.
Additionally, the financial council can keep their records in both book form and in electronic form, accessible via the Internet, for example, so that any member of the United Effort can see what all the transactions are and thus keep everything honest and in the open. Or, a United Effort may opt to have the leadership council look over the books from time to time. Or, perhaps the general council will organize a rule that three members from each of the various councils will look over the accounting books at a set interval to perform a self-audit. This temporary auditing council can be organized, perform their function, give their report and recommendations and then be disbanded or disorganized until the next set time to perform another audit. An auditing council need not be a standing council, nor need it be composed of the same exact members each time it is organized. All of these options may help to keep the records straight and all involved in the handling of the treasury funds completely honest.
In the Doctrince and Covenants, the Lord established two treasuries, one for the Holy Scriptures and one for the United Order. The one for the United Order had a single treasurer. Although United Efforts are based upon the pattern of the Lord's revealed United Orders, they don't have to exactly conform to that pattern. A United Effort may decide to have a single treasurer or perhaps a triad of treasurers, each one keeping the other ones honest. For example, the financial council could be composed of three certified public accountants, one of which could be designated by the general council as the treasurer and the other two could be designated as assistant treasurers. The assistant treasurers' main task would be to ascertain and confirm the accuracy of the records being kept by the treasurer and also as a check (as in check and balance) against fraud when withdrawing and depositing funds.
If the treasury is composed of only ALDs, whenever a new business is purchased for use as a stewardship to be given to a United Effort unit, the ALDs would probably need to be first converted into Federal Reserve Notes and then the purchase would be made. However, all at-cost purchases of products for use for the members of the Effort itself would be in ALDs and any contributions and surplusses donated would be tossed into the treasury as ALDs, too. All inter-Effort dealings between members and their stewardships, at cost, would also be done using ALDs, so only when dealing with non-United Effort members who refuse to accept ALDs would Babylonian currency have to be used. In this way both the United Effort and its treasury would be naturally insulated from the effects of the fall of Babylon and the devaluation of its monetary supply.
Additionally, the financial council can keep their records in both book form and in electronic form, accessible via the Internet, for example, so that any member of the United Effort can see what all the transactions are and thus keep everything honest and in the open. Or, a United Effort may opt to have the leadership council look over the books from time to time. Or, perhaps the general council will organize a rule that three members from each of the various councils will look over the accounting books at a set interval to perform a self-audit. This temporary auditing council can be organized, perform their function, give their report and recommendations and then be disbanded or disorganized until the next set time to perform another audit. An auditing council need not be a standing council, nor need it be composed of the same exact members each time it is organized. All of these options may help to keep the records straight and all involved in the handling of the treasury funds completely honest.
In the Doctrince and Covenants, the Lord established two treasuries, one for the Holy Scriptures and one for the United Order. The one for the United Order had a single treasurer. Although United Efforts are based upon the pattern of the Lord's revealed United Orders, they don't have to exactly conform to that pattern. A United Effort may decide to have a single treasurer or perhaps a triad of treasurers, each one keeping the other ones honest. For example, the financial council could be composed of three certified public accountants, one of which could be designated by the general council as the treasurer and the other two could be designated as assistant treasurers. The assistant treasurers' main task would be to ascertain and confirm the accuracy of the records being kept by the treasurer and also as a check (as in check and balance) against fraud when withdrawing and depositing funds.
If the treasury is composed of only ALDs, whenever a new business is purchased for use as a stewardship to be given to a United Effort unit, the ALDs would probably need to be first converted into Federal Reserve Notes and then the purchase would be made. However, all at-cost purchases of products for use for the members of the Effort itself would be in ALDs and any contributions and surplusses donated would be tossed into the treasury as ALDs, too. All inter-Effort dealings between members and their stewardships, at cost, would also be done using ALDs, so only when dealing with non-United Effort members who refuse to accept ALDs would Babylonian currency have to be used. In this way both the United Effort and its treasury would be naturally insulated from the effects of the fall of Babylon and the devaluation of its monetary supply.