# LCMS Convention Proceedings_St. Louis Missouri_1950_S986
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

288 SEMINARIES AND COLLEGES oe

of the institution gives Synod a distorted picture of the cost¢@™
education. ; :

It is only a reasonable procedure to bring the entire
tenance and repair operation within budgetary control. If
practice were followed, then Synod would know approxima’
what its expenditures for the purpose will be at the time:
a new budget is set. Past practice has relied upon an estima
this rather large sum of money (up to $300,000) and has,
a result, frequently been as much as $50,000 to $100,000 short’

, the actual final expenditures for the purpose. This causes a sér
dislocation of the over-all budget of the Missouri Synod and sho
be avoided if possible. : vos

Another area which has caused some concern to the
for Higher Education is the distribution of Student Work
The disbursing agency of Synod has taken the position that ft
used for this purpose could not be included in the budgets of thi
institutions because some of the funds thus used have been alloa
cated from earnings of undesignated legacies. It appears to
Board for Higher Education that Synod’s best interests requi
that all subsidies which Synod furnishes to a given institutio
should be placed under budgetary control and that a sound admin.
istrative policy of budgetary control will require also that an in
tution be held to budget all of its funds. Accordingly, the Board.
Higher Education recommends adjustments of Section 6.145 of tk
Handbook so that the section will have three paragraphs readit
as follows:

“6,145 Budget for Operation of Institutions

“a, All funds which an institution receives from Syn
shall be budgeted and shall be subject to budgetary cont

“b. Each Board of Control, in the month of May of ed
year, shall prepare and submit to the Board for Higher Edu
tion a detailed estimate of the income, costs of operation
replacement of equipment, maintenance and repairs, studen
work funds, contingency fund, and all other operating co
After due consideration thereof, the Board for Higher Educa
tion shall transmit the budget Synod should pay, to the Bo
of Directors for recommendation and for reference to the Fis
Conference, which shall then fix the budget for the seminarie:
and colleges.

“ce. In order to provide for major contingencies in th
category of maintenance and repair, the Board for Highe
Education shall reserve no less than 25 per cent of the to
allocation for maintenance and repair in a contingency fun
which shall remain: under the direct jurisdiction of the Boa
for Higher Education. If Synod has met its budget in any give
year, the funds remaining in this contingency repair fund
the close of the fiscal year shall be accumulated from year3
to year as a reserve for major contingencies. Whenever sucll :