The Presiding Bishop is the highest leadership position within the church's Aaronic priesthood, although most of the work in this area is delegated to the church's Young Men general presidency.
The primary duties[1] of the Presiding Bishopric are to oversee the temporal affairs (buildings, properties, commercial corporations, etc.)
Along with the First Presidency and Quorum of the Twelve Apostles, the Presiding Bishopric is a part of the Council on the Disposition of the Tithes, a group that oversees and authorizes the expenditure of all tithing funds.
However, the Common Council has only been convened twice in the history of the LDS Church, and only once has it disciplined a First Presidency member, when Sidney Rigdon was excommunicated in absentia, in 1844.
According to Orson Pratt and John Taylor, Vinson Knight was made the Presiding Bishop, with Samuel H. Smith and Shadrach Roundy as assistants,[2] on January 19, 1841.