# LCMS Convention Proceedings_St. Louis Missouri_1956_S683
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 683

instructions. After making a careful inventory of the require-
ments of a fast-growing church body the committee favored
a major offering for District and synodical needs, over and above
budget appropriations. The total requirements were tabulated with
the help of the various boards, and it became apparent these
would amount to about $25,000,000. At the same time the com-
mittee in its contacts with the various boards and synodical leaders
found that there was a growing demand in Synod to eliminate all
special collections and to include expansion needs and capital
investment items in the annual budget. Accordingly the com-
mittee recommended to the Board of Directors and the Fiscal
Conference of 1955 to establish a budget in the amount of
$13,700,000, including capital investments, which amount, however,
was reduced to $12,900,000 by the St. Paul Fiscal and Visitors’
Conference, which decidedly favored the unified budget.

The committee realized, with the Board of Directors, that the
sum appropriated for the Senior College was not sufficient to carry
out the resolution of Synod regarding the establishment of such
a school, and the committee shared with the Board of Directors
the responsibility of agreeing that $5,200,000 be made available for
the construction of the necessary buildings at this time, saving
about $250,000 by having the work done while the contractors
were on the ground, with the understanding that the present con-
vention would be in a position to make available the remaining
financial requirements for the new institution.

The committee co-operated most helpfully with the Board
of Directors in planning the “Building for Christ” Offering.
‘A request from the Council of Lutheran Agencies stimulated this
matter. (See the report of the Board of Directors about this offer-
ing. In all these matters the Fiscal Conference was consulted.)

M. F. KreTzMann, Secretary

ACTION

_ Upon recommendation of Committee 11 Synod resolved:

Resolution 10
Subject: Report of Survey and Findings Committee
Wuereas, The 1953 convention assembled in Houston approved
projects calling for large capital investments; and

Wuereas, The Survey and Findings Committee was created by
this convention to meet this emergency situation; and