The Board of Trustees shall receive and dispose of all abandoned church real and personal property at Board of Trustees discretion. After expenses, proceeds from the disposition of abandoned property shall be divided 50% with the district in which the abandoned property was located and 50% with the Conference Board of Trustees. The local District Superintendent shall notify the Chairperson of the Board of Trustees of the possible abandoned property. The Trustees shall seek to insure any abandoned property once it is brought to the attention of the Chairperson of the Board of Trustees.
The Board of Trustees shall oversee all real and personal property owned by the Annual Conference except for property owned by the Missouri United Methodist Camping and Retreat Ministries; Missouri Annual Conference of The United Methodist Church; The Board of Pensions of the Missouri Annual Conference of The United Methodist Church; or any other incorporated boards of affiliated entities with the Board of Trustees of The United Methodist Church. The Board of Trustees shall submit a budget to the Finance and Administration Team for all expenses incurred in owning and maintaining conference properties for which the Conference Trustees have responsibility.
The Board of Trustees shall also publish recommended minimum levels of property insurance for consideration by local churches in the Conference Journal.
The Board of Trustees shall provide for liability insurances for the Annual Conference including Property & Inland Marine; Crime; General Liability; Directors & Officers, Employment Practices Liability; Employee Benefit Liability; Commercial Automobile; Umbrella Excess Liability and Workers’ Compensation for all employees on the conference payroll.
The Board of Trustees shall also publish recommend minimum levels of liability insurances for consideration by local churches in the Conference Journal.
The Board of Trustees shall request the Annual Conference to increase the Legal Fee Reserve by at least $10,000 per year with the intention of building and maintaining a Legal Fee Reserve in the amount of $100,000.
In accordance with ¶ 2512.3a of the 2004 Book of Disciple, the Conference Trustees shall receive, collect and hold in trust for the benefit of the annual conference any and all donations, bequests and devises of any kind or character, real or personal, that may be given, devised, bequeathed, or conveyed to the Annual Conference. Further, all long term investments shall be made with the Missouri United Methodist Foundation unless otherwise stipulated by the donor.