# LCMS Convention Proceedings_St. Louis Missouri_1956_S681
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 681

possible by the “Venture of Faith’ makes possible long-range
planning in financing; and

Wuereas, The continued increase in Synod’s membership and
of our grace in giving may, under the blessing of the Holy Spirit,
be expected, and the continually increasing opportunities for serv-
ice to our Lord may also be joyfully anticipated in the next six
years; and

Wuersas, A breakdown of capital-investment requirements for
the various departments and funds of Synod for the next six years
indicates the following needs:

Foreign Missions __.-.-------2------2--=---+0-<---- eee $ 1,110,000
North and South American Missions _- _---. 1,000,000
Miscellaneous Missions ..........-...--..—.--------------------——--- _ 800,000
Church Extemsior 2.0.22. -cncececee anette 2,400,000
Board for Higher Education —.....---—-----------—----------neae 16,500,000
Building and Loan __...-....---.-------—-- .. 1,200,000
Reserve for Possible New Institution ...-.---.--..--/----_----- 4,000,000
Property Insurance Fund _.....----------2------------------- 560,000

$27,570,000

And

Wueneas, The following projection of current synodical budget
needs and capital-investment needs for the next two triennia
(1957—1962) has been prepared by the Stewardship Counselor,
the Planning Counselor, and the Controller of Synod, and, after
study, has been accepted by the Board of Directors of Synod:

Current Capital
Work Investment Total
Base Year 1 2 3

1956 __-..-—------a-n-n ee $10,430,000 $ 2,470,000 $ 12,900,000
1957 $11,368,700 $ 3,120,000 $ 14,488,700
1958 _. 12,392,000 3,770,000 16,162,000
1959 __.... 13,507,000 4,420,000 17,927,000
1960 14,723,000 4,920,000 19,643,000
1961 16,048,000 5,420,000 21,468,000
1962 «1,492,000 5,920,000 23,412,000
Totals,. 1957—1962 _...... $85,530,700 $27,570,000 -  $113,100,700

Column 1 is an annual estimated current budget for the years
1957 to 19 ‘he tabulation is based on an annual increase of 9%
over the preceding year for the next six years.

Column 2 itemizes synodical capital-investment needs for the
same period. ‘These are estimated on the basis of projections by
the various Mission Boards and the Board for Higher Education.