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Oct 31, 2014
3:06:09pm
I would agree about the church not investing in a football team, however
a for-profit enterprise operated under the larger church umbrella, well, I don't have quite the objection to that. There's a great reason to have and operate for-profit enterprises, regardless if these enterprises were initally formed using solely tithing funds. They have since been separated off from the Church of Jesus Christ of Latter-day Saints and currently receive no tithing funds. They must be self-supporting through advertising funds, income from insurance premiums, retail sales revenue, etc.

Having worked in municipal government, I am fully comfortable with the concept of an enterprise functioning under the larger umbrella of another entity. Salt Lake City Dept of Airports and Salt Lake City Public Utilities are enterprise funds under the larger umbrella of Salt Lake City Corporation. However, they generate their own revenue through airport taxes, landing fees, concession payments, water bills, impact fees, etc. They must still seek approval from Salt Lake City Council for expenditures, but they are not reliant upon Salt Lake City Corp's general fund (tax revenue) for any operational funding. Each has their own board which considers and recommends budgets and capital projects to the City Council for approval, but they get no money from general fund. So the analogy is: the church = SLCCorp, the church's for-profit enterprises = SLC Dept of Airports and SLC PU, tithing = general fund tax revenue and "other donations" = enterprise fund generated revenues.
ByuMba90
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ByuMba90
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10/31/14 1:47pm

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