# LCMS Convention Proceedings_St. Louis Missouri_1950_S987
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

SEMINARIES AND COLLEGES 289

for maintenance and repair for a given fiscal year, the excess
shall become a part of the regular allocation to institutions for
maintenance and repair in the following year and shall reduce,
to that extent, the amounts which must be drawn from the
-budgeted funds of the fiscal year involved.”

ACTION
‘Upon recommendation of Committee 1, Synod resolved:

Resolution 16
Wuereas, It appears a reasonable procedure to bring the entire
ntenance and repair operation of our educational institutions
thin budgetary control; therefore be it

_ Resolved, That Section 6.145 of the Handbook be changed to
Read as follows:

“6.145 Budget for Operation of Institutions

“a. All funds which an institution receives from Synod shall
be budgeted and shall be subject to budgetary control.

“b. Each Board of Control, in the month of May of each
.year, shall prepare and submit to the Board for Higher Edu-
cation a detailed estimate of the income, costs of operation,
replacement of equipment, maintenance and repairs, student
work funds, contingency fund, and all other operating costs.
After due consideration thereof, the Board for Higher Educa-
tion shall transmit the budget Synod should pay, to the Board
of Directors for recommendation and for reference to the Fiscal

and colleges.

““e, The Board for Higher Education shall consider 25% of
the maintenance and repair items as a contingency fund,”

Handbook Section 6.146

In order to provide for necessary “adjustments within a
budget,” a subject covered in the section which was deleted from
145 in order to avoid the confusion of treating two separate
subjects in a single section, the Board for Higher Education
E. recommends the following wording for new Section 6.146:

“6.146 Budget Adjustments

“a. Final synodical responsibility for administering the
annual budgets assigned to the institutions by the Fiscal Con-
ference shall be vested in the Board for Higher Education.

“b. Necessary transfers of budgeted funds from one classi-
fication to another within the institution’s budget allocation
may be undertaken by: the local Board of Control, upon
recommendation of the college president, up to, but not ex-
ceeding, the amount of $100 per transfer. Notification of such
internal transfer of synodical funds must be conveyed in
duplicate copy to the Board for Higher Education and Synod’s
Fiscal Office.

Conference, which shall then fix the budget for the seminaries —

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