# LCMS Convention Proceedings_St. Louis Missouri_1950_S988
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

290 “SEMINARIES AND COLLEGES

“c, Expenditures from the contingency fund of each if
tion shall be made only upon approval of the Board for #
Education. i

“d. If a revision of the original total allocation to an ir
tion becomes necessary, or if it becomes necessary or ad
to shift part of a budgetary allocation from one institut
another during the course of a fiscal year, the Bos
Higher Education shall first consult with the Board of Di

“e. Whenever the Board for Higher Education app:
an expenditure which exceeds the total budgetary allo
for a given institution, it must obtain the prior consent o
Board of Directors.

“f. All expenditures which exceed the total budg
allowance for higher education must be authorized b
Board of Directors.”

ACTION

Resolution 17

Wuereas, “Adjustments within a budget” has been delat
from Section 6.145 in order to avoid the confusion of treating
separate subjects in a single section; therefore be it

Resolved, That a new Section 6.146 be added and that it ré
as follows:

“a. The Board for Higher Education shall be given fif
responsibility for administering the annual budget assigne
the educational institutions by the Fiscal Conference.
“b. Boards of Control, upon recommendation of the coll
President, may undertake necessary transfers of budge
funds from one classification to another within the institutio
synodical budget allocation, up to, but not exceeding
amount of $100.00 per transfer. Notification of such intertiqg
transfer of synodical funds must be conveyed in duplic##
copy to the Board for Higher Education and Synod’s F
Office. a
“c. Boards of Control shall obtain the approval of :
Board for Higher Education before making any commitme
or expenditurés from their contingency funds.
“d. The Board for Higher Education may approve.
expenditure which exceeds the total budgetary allocation f
a given institution only with the consent of the Board
_ Directors.
“e. All expenditures which exceed the total budgeta:

allowance for higher education must be authorized by the’
Board of Directors.” SM

Handbook Section 6.07

In order to recognize the provisions of revised Sections 6.145,
6.146, and of present Section 6.151, the Board for Higher Education.
recommends that additional sections to be known as Paragraphs j
k, and 1 be inserted under Section 6.07: