# LCMS Convention Proceedings_St. Louis Missouri_1950_S601
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

$5,131,833.87

$7,620,130.01

$2,824,960.25

$2,204,128,14

$ 266,905.07

$18,047,957.34

FINANCIAL MATTERS 601

Herewith is presented a report on Synod’s fiscal business.
The report is intended to inform the convention and anticipate
the questions that may arise. For comparative purposes, budget
data are given for six consecutive years — Exhibits “A to D.” The
reports on the Peace Thankoffering — Exhibit E—and the Cen-
tennial Thankoffering — Exhibit F—cover those accounts since
their beginning. Most of the remaining accounts give the facts for
the last triennium only. Staff members of the Fiscal Office will -
be in attendance throughout the convention in an endeavor to be
of such service as they may. Questions may be addressed to any

one of them. W. H. Scuiueter, Treasurer

[804]
Re Ten Million Dollar Mission and Education Fund

1. During the four-year period of 1946—1949, synodical budget
expenditures were as follows:

1946 _ $ 2,864,601.41
1947 2,916,171.65
1948 3,467,171.82
1949 86347787.62

Total $12,882,732.50

2. During this same period of time the Board of Directors had
at its disposal for allocation from extra-budget funds out of the
PTO, CTO, BFT, and Relief Funds a total of $11,494,820.52. This
was allocated to:

Missions _ $ 1,678,126.94
Education — ——---- 312,219.06
Buildings w———--  4,101,781.53
Relief eae eee 5,283,576.19
Miscellaneous 0 119,116.80

Total ____- —————---. $11,494,820.52

(The above extra-budget total does not include the sum of approxi-
mately $25,000,000 expended through non-synodical channels for relief
in war-torn areas nor hundreds of thousands of dollars given by our
people directly — not through congregational, District, or synodical chan-

‘nels — for charitable purposes within and without Synod.)

3. These $11,500,000 extra-synodical budget expenditures are
of paramount significance to our world-wide Kingdom work, for
a. With a few exceptions, these funds made possible the accept-
ance of specially urgent opportunities to serve our God in

areas not provided for in the synodical budget;

b. They provided for either essential expenditures for the
normal expansion of existing mission work, or they made
possible an answer to emergency cries from all parts of the
world to “come over and help us”;