# LCMS Convention Proceedings_St. Louis Missouri_1944_S553
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

552 Report of Board for Higher Education

XVI. FINANCIAL MATTERS

A. Business Management

+

1. Organization °
The organization of, the business administration and recommend:

tions for change have been discussed under a previous section and w
not require further comment at this place. ;

. Comparatively few account
remain unpaid at the end of the year. An increasing number..o:

schools is gradually shifting its collection procedures from the monthi
: ,to the quarterly basis. This should be the universal practice. |

3. Supervision of Student Organization Finances

Athletic organizations, musical groups, the student store, the schoo
Paper, as well as individual class treasuries often collect and disbur
sizable sums of money. ‘If left to their own devices, students usuallye
keep their books of account in a most slipshod manner. The need o:
continuing and rigorous supervision by the faculties of
finances should not be overlooked. Not all the institutions are.
alert in this area as they should be.

. Recommendations
It is recommended that:
1. All institutions be urged to adopt the general regulation |

requiring payment of student fees on a quarterly basis.
Monthly payments should be reserved for exceptional cases.

2. The faculties be urged to exercise stricter control over stud n
- organization finances. .

For recommendations concerning business managers and purchas
ing see Section II. Administration,

ACTION OF SYNOD

Concerning “XVI. Financial Matters, A. Business Managemen
Synod resolved to leave recommendation 1,'in abeyance and
adopt recommendation 2. ‘ .

B. Synodical Policies
1. Support of Institutions

The major policies with respect to the financial support of the in
tutions are well known. They are quite generous and fair.

In some respects the colleges have leaned too heavily on synodica’
support and have not contributed a reasonable share of the costs ‘by