# LCMS Convention Proceedings_St. Louis Missouri_1950_S985
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

SEMINARIES AND COLLEGES 287

educational practice, uniform accounting methods, financial
controls, budgetary classifications, and allocations for operating
income and costs and for capital investments of each of the
educational institutions of Synod.”

ACTION
‘Upon recommendation of Committee 1, Synod resolved:

Resolution 15

Wuereas, It has been found to be in the interest of efficient
dministration to make a slight change in the wording of Section
141 — “Uniform Accounting Methods”; therefore be it
Resolved, That Section.6.141 of the Handbook read as follows:
“6.141 Uniform Accounting Methods
. “The Board for Higher Education, in consultation with the
Board of Directors, shall establish and prescribe, on the basis of
reasonable and generally accepted educational practice, uniform
accounting methods, financial controls, budgetary classifica-
tions, and allocations for operating income and costs and for
capital investments of each of the educational institutions of
Synod.”

Handbook Section 6.145
The past triennium has been the first in the history of our
ynod in which the educational institutions set up regular budgets
their income and expenditures and applied for synodical sub-
dies on this basis. In the process of introducing budgetary control
e have naturally encountered some difficulties and problems.
hief among these is the traditional practice of separating the
aintenance and repair costs (traditionally known as “summer
epairs”) from the budgeted funds of the institutions. In the past
ch expenditures have been handled on a basis which requires
e institutions to apply for individual amounts on an emergency
asis if they were needed during the course of a school year and
submitting accumulated annual needs in the spring of the year
1 order to receive a grant for “summer repairs.”
, Several factors contribute toward making this an unsatis-
factory practice. Under this procedure it is not possible for the
institutions to take advantage of favorable seasons for maintenance
repair. In addition, some of the largest spenders of such funds
e in operation throughout the summer and are therefore no longer
better position to perform this work at that time, as they once
e. Frequently also, important maintenance operations are post-
oned to a period when they become more expensive than would
ave originally been the case if they could have had prompt atten- .
on. It is impossible, also, under this system for the institutions to
an a regular program of systematic maintenance and repair.
Finally, the. exclusion of maintenance and repair from the budget