# LCMS Convention Proceedings_St. Louis Missouri_1956_S270
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

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SEMINARIES AND COLLEGES 269

by Synod through 1953; and that hereafter recourse to special
Synod-wide collections for such purposes be avoided except pos-
sibly for unusual and, therefore, unpredictable special causes;

2. That unexpended funds realized from the annual_budget
appropriations herein contemplated be avaffable through successive |

fiscal periods;

3. That all interest earned from the investment of any funds
contemplated in this statement of policies be credited to these
funds;

4. That the annual budget appropriations contemplated in this
statement of policies will not be expected to defray the cost of
any faculty dwellings, since it has been and is the policy of Synod
to accommodate such needs by means of a building and loan fund
and by annual provisions in the operating budgets of the insti-
tutions;

5. That the Board of Directors, as clearly established needs
arise and as farsighted prudent administration dictates, borrow
funds for short periods in anticipation of future budget appro-
priations for educational buildings, initial equipment, and land,
under terms which will require the amortization of such loans
from future budget appropriations allocated for capital investment
purposes to the Board for Higher Education, in not more than six
successive years following the year in which the funds are
borrowed; and be it further

Resolved, That the Board for Higher Education be directed

1. To prepare, and at each triennial convention to report on
long-range plans which present, in tentative and provisional form,
the estimated needs of Synod’s educational institutions for the
extension and replacement of physical facilities;

2. To prepare, and at each triennial convention to present for
approval, a firm estimate of the annual budget appropriations for
capital investment in buildings, initial equipment, and land which
it believes should be provided for in each annual synodical budget
during the next triennium; and at the same time to report to Synod,
as information, its estimates of similar budget requirements for the
second following triennium;

3. Currently to base its long-range planning of physical facil-
ities on the assumption that Synod’s training capacity should be
increased at approximately the rate at which Synod’s communicant
membership increases, thus continuing into the future the measured
experience of Synod with this relationship during the past three
decades (see Growth Studies and Reports and Memorials, pages
117 f£.);