# LCMS Convention Proceedings_St. Louis Missouri_1986_S155
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

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GOALS AND RESOURCES 155

Resolved, That we commend the Council on Steward-
ship for the helpful contributions it has made in suggest-
ing, reviewing, and evaluating policies and plans in the
stewardship programs of the Synod; and be it further

Resolved, That we thank the Council on Stewardship
for its helpful report on trends, which indicates some of
the ways God’s people have responded to opportunities to
live the total stewardship life, by the grace of God; and be
it finally

Resolved, That we encourage the Council on Steward-
ship to continue to give diligent attention to initiating pro-
posals for stewardship programs and materials which
emphasize the entire life of the Christian, “the life with
Christ ... at the controls, radiant with His presence, vi-
brant with His inspiration and overflowing with joyful
hope and expectation” (The Chief Steward, John E. Herr-
mann, pp. 13-15).

Action: None.

To Reaffirm Synod’s Commitment
to Efficiency of Operation
and to a Balanced Budget

RESOLUTION 4-08A
Overtures 4-09—4-14 (CW, p. 155)

Wuereas, The Alive in Christ mission and ministry
statement has provided for the application of funds to elim-
inate the operating deficit; and

Wuereas, As of July 17, 1986, $50,452,000 has been
pledged to Alive in Christ and in accordance with the 1983
Res. 4-02A, part 2, the first unrestricted receipts above the
costs of the appeal will be applied to the retirement of the
Synod’s accumulated operating deficit (it is expected that
the accumulated deficit will be retired in the 1986/87 fiscal
year); and

WueErgEAS, The Council of Administrators, with the Ad-
ministrative Officer, in accordance with Bylaw 2.711
c 1 “review{s] the long-range plans, work programs and
budgets of the respective divisions, boards, commissions,
and operating departments of the Synod and submit[s] to
the Board of Directors recommendations thereon in line
with the projected income and growth of the Synod and in
keeping with the concept of a balanced budget”; and

WHEREAS, The Board of Directors has adopted balanced
budgets during the past triennium; and

Wuereas, The audited financial statements of the
Synod have shown that the revenue and expense have, in
fact, been balanced as indicated by the following table:

Wuereas, Indications are that the current year’s op-
erating results will not increase the deficit; therefore be it

Resolved, That The Lutheran Church—Missouri Synod
in convention reaffirm its commitment to efficiency of op-
eration and to a balanced budget as put forth in Bylaw
2.711 ¢ 1 “in line with the projected income and growth of
the Synod and in keeping with the concept of a balanced
budget”; and be it further

Resolved, That The Lutheran Church—Missouri Synod
in convention commend the Board of Directors, the Council
of Administrators, and other staff for their faithfulness in
operating within revenues received.

Action: Adopted (9).

To Amend Bylaw 2.621 c—LCEF
RESOLUTION 4-09
Overture 4-41 (CW, p. 161)

WHEREAS, The Articles of Incorporation and Bylaws of
The Lutheran Church Extension Fund—Missouri Synod
were amended to change the number of directors from 9
to 11 as authorized by the Synod in 1978; and

Wuereas, The continued growth of The Lutheran
Church Extension Fund—Missouri Synod may at some fu-
ture time call for additional directors; therefore be it

Resolved, That Bylaw 2.621 c be amended as follows:
PRESENT WORDING

2.621 Incorporation

c. The Board of Directors for The Lutheran Church
Extension Fund—Missouri Synod shall consist of nine
individuals, at least two of whom shall be on The Lu-
theran Church—Missouri Synod’s official roster of pas-
tors and called teachers. Eight of the directors shall be
elected by the members and shall have an understand-
ing of the Church Extension program and/or demon-
strate an expertise in fields or areas closely related to
Church Extension activities, such as knowledge of real
estate, management, and financial planning. The Treas-
urer of the Synod shall be one of the lay members of the
board and the treasurer of the fund. The results of such
elections shall be reported to the Synod at its next con-
vention.

PROPOSED WORDING

2.621 Incorporation

c. The Board of Directors for The Lutheran Church
Extension Fund—Missouri Synod shall consist of such
numbers of directors as are specified in the Bylaws of
The Lutheran Church Extension Fund—Missouri
Synod. However, at least two of the directors shall be
on The Lutheran Church—Missouri Synod’s official ros-
ter of pastors and teachers. The directors (except for the

Fiscal Year Expenses & Net Revenues Deficit Balance Deficit Balance

Ended Revenues Transfers (Expenses) Beginning of Year End of Year
June 30, 1983........... 0... cece ee eee 33,484,501 33,396,689 87,812 (11,846,594) (11,758,782)
June 30, 1984................ 00... 31,346,846 31,436,906 (90,080) (11,758,782) (11,848,862)
June 30, 1985.......... 0. eee eee eee 31,644,054 31,578,646 65,408 (11,848,862) (11,783,454)

and