# LCMS Convention Proceedings_St. Louis Missouri_1956_S682
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

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682 FINANCIAL MATTERS

Column 3 totals current budget and capital-investment needs
for the years 1957—1962.

Please note from Column 3 that the increase in the six-year
period averages 10.5% from year to year.

Be it

Resolved, That this projection be approved as a guideline for
the Fiscal Conference in preparing the annual synodical budget
for the next six years, and as a guideline for the Boards in Synod

in planning our church’s world-wide Kingdom building program
for the immediate future.

Report of the Survey and Findings Committee
(Report 811)

The Survey and Findings Committee came into existence
according to a resolution of the last Synod at Houston (Proc. 1953,
p. 641). The first meeting was held on December 3, 1953, and was
called to order by President Behnken, who was chosen as chair-
man of the Committee, while the undersigned was asked to serve
as secretary. The Committee was composed of the eleven voting
members of the Board of Directors: President Behnken, Secretary
Kretzmann, Treasurer Schlueter, Mr. Clarence Amling, Dr. E. T.
Bernthal, Mr. J. W. Boehne, Jr., Mr. Henry Buck, Dr. Oliver
Harms, Mr. E. J. Gallmeyer, Mr. Theo. Schlake, and Rev. A.
Oswald, plus eleven voting members chosen by the Fiscal Con-
ference: Messrs. P. C. Albrecht, E. A. Heiden, G. F. Kroeger, R. F.
Meyer, R. J. Ludwig, and C. Ulrich and the pastors Wm. A. Drews,
W. E. Hinck, A. P. Marutz, M. Piehler, and O. A. Sauer. Advisory
members were the four Vice-Presidents of Synod, H. Harms,
A. Grumm, F. Hertwig, and W. Lichtsinn; the Stewardship Coun-
selor, John E. Herrmann; the Planning Counselor, Dr. L. Meyer;
the Controller, Mr. R. Rauscher; and the Assistant Treasurer,
Mr. Chas. E. Groerich.

The instructions of Synod were that this committee “make
a careful and detailed survey of the present financial program of
our church and its financial requirements for the future as far
as they can be determined.” Upon the approval of this committee
the Board of Directors was to have the power to set up a capital
investment fund in the amount determined by the committee to be
used for the missionary and higher educational work of Synod.
With the approval of this committee the Board of Directors could
borrow not to exceed $6,000,000 for a capital investment fund.

In its six: meetings the committee tried to carry out these