Council on the Disposition of the Tithes
The Council on the Disposition of the Tithes is a leadership body in The Church of Jesus Christ of Latter-day Saints (LDS Church), composed of the First Presidency, the Presiding Bishopric, and Quorum of the Twelve Apostles. The council determines how tithing funds of the church will be spent. The council oversees revenue, investments and expenditures valued at billions of dollars per year. While the LDS Church produces an annual report and employs an independent auditing department which reviews the financial activities of the church, it has not published full financial reports  since 1959. History. On July 8, 1838, church founder Joseph Smith was directed by revelation to establish this council. At the time, the council members included the First Presidency, along with both the bishopric and high council in Far West, Missouri. The council met one time under Smith, on July 26, 1838. There is no record of the council meeting again under Smith. The council did not meet again until 1943. In the early 1940s, J. Reuben Clark (then a member of the First Presidency) conducted a two-year review of early church history to determine how the current church  could more closely align with original financial administration. He proposed, and the First Presidency and the Quorum of the Twelve accepted, that the council be reestablished and meet annually. It has met annually since 1943. Membership of the council. As of October 2020: