# LCMS Convention Proceedings_St. Louis Missouri_1953_S624
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

636 FINANCIAL MATTERS

BALANCE SHEET
January 31, 1953
LIABILITIES

Current Funds
Current Liabilities:

Accounts Payable ss § 4,966.43
Gollege D epoats Payable __- 25446667 ‘
Specific Funds 266,558.50 $ 525,991.60 ° ~
Deferred Income Credit: ;
Television Production Income ____ 65,835.66 .
Reserves:
Home Mission Reserve 3
Une: ded pippropriations, “Con- § $3,616.47
esery —. g
Continggen Re e —_—... 125,990.00
fot which $594, 585.64 of the
funds represen this reserve
rae be been sree led for phys-
ic: a 760,534.11 1,250,140.58
Budget Surplus, 1951 Operations __ $ 53,793.64
Less — ,
Budget Deficit, 1952 Operations ___ 35,490.98 18,302.66 $ 1,860,279 50

Specific Funds,
“Conquest for Christ”:
Fund Balance
Loan Fund Capital —____

Other Specific Funds:

$ 4, 898, 380.39
35,000.00 $ 4,933,380.39

Mission Funds
Other Specific Funds +t $17" 7334; re
Transitory Funds ~~ 160! 620.85 2,119,181.32
N Church Extension Fund: :
jotes Payable
Payable, - $ 420,839.22
lome ion Reserve __.___ 150,000.00
Capital Account 1,936,821.25 2,507,660,.47 9,560,222.18
Other Assets
Concordia Publishing House, ‘Net
KFUO, oNNet Worth Mert atie
re 497,171.29 3,413,704.25
Plant Funds
Unexpended. Appropriations:
“Conquest for Christ’ ne ne $ 3,243,331.60
Invested in Plant
Cash Due to Current Funds (Of
which $82,601.86 is for Saint
Louis Office Building) $ 699,093.26
Mortgage Payable ______ ann 892.32
Net Investment in Plant —— 15,919,579.56 16,621,565.14 19,864,896.74
Trust Funds .
$12,482,550.16
2,849,346, os
2,265,796.8
517 °704. 48 18, 115, 397.19

$52,814,490.86

FINANCIAL MATTERS 687
ACTION
ommittee 11 submitted the following resolutions, which were

ed:

Resolution 4

our Committee has carefully examined the financial report

the Treasurer of Synod as printed on pages 460 to 475 of

ports and Memorials and wishes to make the following recom-
dations:

1. That we adopt the Treasurer’s report; and

2. That Synod commend our Treasurer, Mr. W. H. Schlueter,

Assistant Treasurer, Mr. Charles E. Groerich, and the entire

inancial Department of Synod for their faithful and efficient

ice.

eport of Board of Trustees of Synod’s Trust Funds

; (Memorial 804)

-: For the information of the Houston Convention and the Board

Directors of Synod, the Board of Trustees of Synod’s Trust Funds
‘submits herewith a report of its operations for the past triennium.

"The personnel of the Board has remained unchanged during
‘the past three years, and its members are: President, John W.
Behnken, or one of the Vice-Presidents of Synod as an alternate;
_ Walter H. Schlueter, treasurer; C. H. Garbers; Walter H. Kroehnke,
vice-chairman; John A. Sauermann; Theodore Schroeder; Richard
H. Waltke, chairman; August J. Luedtke, advisory member; Charles
E. Groerich, secretary. The members of the Executive Committee
are: Richard H. Waltke, chairman; Walter H. Kroehnke, vice-
chairman; Walter H. Schlueter; Theodore Schroeder; Charles E.
Groerich, secretary.

The Board of Trustees of Synod’s s Trust Funds meets quarterly,
and during the interim the Executive Committee carries out:-the
resolutions of the Board and transacts all other business requiring
immediate and prompt attention. All purchases and sales and other
administrative acts transacted by the Executive Committee require
the approval of Synod’s Trust Funds Committee at a subsequent
meeting.

The Trust Funds are itemized in the following schedules:

January 31, 1951 January 31, 1952 January 31, 1953

Pension Fund _________. $ 8,898,048.06  $10,490,817.21  $12,482,550.16
L.L.L. Endowment Fund — 2,827,71195 2,845,34534  2,849,346.05
Sundry Trusts _____. 2,309,82480  2,242.998.15 -2,265,796.82
Lay Retirement Fund _-.__ 357,034.88 432,188.77 517,704.16

$14,392,619.69  $16,011,289.47  $18,115,397.19