# LCMS Convention Proceedings_St. Louis Missouri_1950_S1243
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

760 FINANCIAL MATTERS

LIABILITIES
Current Liabilities

30. Archaeological Research —... $ 25.00
31. Armed Services Commission 419,719.37
32. Blind Literature 3,584.80
33. Centennial Thankoffering __ 591,650.40
34. Ghurch Exte nsion Fund ee 232,914.31
. lege an minary Deposits _____ 775.87
36. Contingent Reserve Fund aan 733 908.30
37. Home Mission Reserve 100,000.00
38. Notes Payable 288,896.10
39. Peace Thankoffering 469,523.69
40. Postwar Reserve __ ce =: 729,802.43
41. Relief Funds eee 37,092.75
42. Relief in Europe and Asia ———----.-..... 254,783.63
43. Students Disbursements Accounts 31,336.86
44. Synodical Building Fund eee 1,299,844.98
45. Synodical Office Building __ .... 243,649.72
46. Transitory Accounts _ 90,225.83
47. Withholdings ne 79.83
48. Total Current Liabilities wae ; $5,131,833.87
Pension Fund Liabilities
49. Pension Fund $6, 915,269.82
50. Annuity Reserves ee a 39,097.18
51. Contingent Fund 99,449.60
52.. Retirement Reserve ___ a 440,461.68
53. Investment Depreciation Reserve 34,466.31
54. Earnings, Current 74,600.47
55. Earnings, Deferred _ 16,784.95
56. ‘Total Pension Fund Liabilities wanes e $7,620,130.01

L. L.L. Endowment Fund Liabilities

57. L.L.L. Endowment Fund eee $2,697,890.43
58. Investment Depreciation Reserve - 95,495.97
59. Earnings, Deferred 31,573.85
60. Total L.L.L. Endowment Fund Liabilities $2,824,960.25

Sundry Trust Funds Liabilities

61. Annuity Endowments a $ 417,666.11

62. Bequests, Pending Liquidation __ 20,762.97

63. Insurance Reserve, Fire and Tornado ___ 102,434.80

64. Legacies Dee. 1,930, 898.52

65. Permanent Support Fund 241,703.84

66. Investment Depreciation Reserve ___ 55,372.87

67. s, Current 20 22,916.29

68. » Deferred 0 39°379'74,

69. Total Sundry Trust Funds Liabilities __ $2,204,128.14
Lay Retirement Fund Liabilities ;

70. Lay Retirement Fund $ 266,905.07

71. Total Lay Retirement Fund Liabilities __ $ 266,905.07

“T2Total: Liabilities _ " $18,047,957.34

FINANCIAL MATTERS 761

Re. Herewith is presented a report on Synod’s fiscal business.
Mie report is intended to inform the convention and anticipate
e questions that may arise. For comparative purposes, budget
ta are given for six consecutive years — Exhibits A to D. The
rts on the Peace Thankoffering — Exhibit E—and the Cen-
al Thankoffering — Exhibit F—cover those accounts since
ir beginning. Most of the remaining accounts give the facts for
the last triennium only. Staff members of the Fiscal Office will
Sin attendance throughout the convention in an endeavor to be
of such service as they may. Questions may be addressed to any
ne of them. W. H. Scaiueter, Treasurer

ACTION

Concerning this report, which was supplemented on the floor

of the convention, Committee 11 brought in the following reso-
: Jution, which was adopted:

; Resolution 17

Your Board has scrutinized the report of the Treasurer of
Synod and wishes to make the following recommendation:

Wuereas, The office of the Treasurer requires untold hours of
painstaking work, numerous consultations with officials and boards,
besides many other types of services; and

Wuereas, The triennial report is very comprehensive and
permits important comparative studies; therefore be it

Resolved, That we commend our Treasurer, Mr. W. H. Schlue-
ter, for his faithful and efficient services; and be it further

Resolved, That we adopt his report.

Re Ten Million Dollar Mission and Education Fund
. (Memorial 804)
1. During the four-year period of 1946—1949, synodical budget
expenditures were as follows:

1946 2 864,601.41
1947 2 -

2,916,171.65
3,467 ,171.82
3,634,787 .62

Total et  $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: