# LCMS Convention Proceedings_St. Louis Missouri_1944_S562
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

7 Report of Board for Higher Education 563

an Recommendations
"is ‘recommended that:

Synod transfer to the students preparing for church service a
greater proportion of the costs of their education; and,

: To this end require all pretheological students:at the prepara-
‘tory schools and all teacher-training students to pay annual,
tuition of $40 per year in the high school division and $60-80
in the college division, all of these tuition receipts to be remitted
‘periodically to Synod. :

An on-campus employment program be established to provide
an opportunity fo earn part or all of these tuition fees by
students in need.

. The amounts to be allocated to the schools for. the work pro-
+, @fam be determined by appropriate synodical authorities.

ACTION OF SYNOD

Concerning “Institutional Costs,” Committee 1 recommended. adop-
on of point 1; that points 2 and 3 be held in abeyance on account
‘of. the acceleration Program, and. that point 4 be dropped. Synod
adopted the recommendation of Committee 1.

D. Accounting Methods

~ The system of accounting employed by an enterprise has a twofold
purpose:
: 1, To supply information to those entitled to it;

2. To furnish instruments of control for those in direct charge
of the finances of the institution. :

’ Synod operates and maintains our educational institutions. It is
_therefore interested in the books of account, both as a source of
information and as instruments of control, ‘The accounting system as
how ‘employed is of the type usually designated as financial account-

ing. It has been designed by synodical officials and serves them most
adequately, _

The .accounting procedures, however, are not designed to meet the
needs of other groups who are interested. in securing information on °
the financial status of the schools. Practically all of the institutions
_ are required to supply information concerning their finances to edu- ,
cational agencies, both state and national.’ The accredited institutions
also must supply annual financial statements to the regional accredit- .
‘ing agency. Invariably these reports are based on the accepted sys-
tem of financial accounting for institutions of higher education as
compiled by the. National Committee and published in - Financial
Reports for Colleges and: Universities.’ The systems designed by
' - Synod are quite unsuitable for such reporting to.outside agencies. A»
‘huge amount of work is necessary at year’s end in order to prepare
these reports, and quite frequently the reports are not accurate. as a