# LCMS Convention Proceedings_St. Louis Missouri_1956_S242
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

SEMINARIES AND COLLEGES 241

6. To be provided from current plant funds from successive
annual budgets of the Board for Higher Education.

The Board recommends that this basis of classification and
that the tabulation of projects under it be approved by Synod.

The Board further recommends that Synod authorize the Board
for Higher Education to recommend to the Board of Directors any
necessary priority in allocation adjustments within this classifica-
tion which other resolutions of this convention, or developments
during the triennium, may make necessary or desirable.

T’o implement the action of the 1955 St. Paul Fiscal Conference
in authorizing capital investments in the Board for Higher Edu-
cation area totaling $1,675,000 in fiscal 1956, the Board for Higher
Education recommended to the Board of Directors a priority listing
of capital investment projects totaling the approved amount.

On the basis of its analysis, the Board for Higher Education is
recommending favorable action on thirteen (13) specific projects
and three (3) more general designations.

The specific projects are arranged alphabetically by schools,
and the projects are identified in abbreviated form. Fuller descrip-
tions are available in the report of the Houston Convention, as
well as in the presentations to the Board of Directors and to the
Survey and Findings Committee.
<~ Immediately following each project, each is identified by the
symbol “E” or “A” “&” indicates that the chief function of the
project is assigned to the educational and general plant; while

“A” means that the chief function is assigned to the so-called

auxiliary plant. a

Rather than to confront the Directors with sudden and un-
expected problems in site acquisition and its financing, the Board
for Higher Education proposes the designation of $50,000 as item 14
in the appended list for this purpose during fiscal 1956.

Item 15 proposes to set aside $23,300, which might be released
for projects which are approved in the present listing or which
are likely to be authorized in fiscal 1957. It is envisioned that
these moneys be released to the respective Boards of Control
in order to enable the local institution to do more precise and
more ample advance planning in establishing a project budget.
It is also envisioned that any amount so released would, upon the
authorization of the project, become a prior charge on the project
budget itself and to that extent would in effect be refundable
and in the long run perform the function of a revolving fund.

Item 16 in the listing establishes a contingency reserve at the
synodically approved three (3) per cent on the specific projects
named above, with the exception of 3, 14, and 15.

rishi Phat