# LCMS Convention Workbook_St. Louis Missouri_1998_S210
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

210

HIGHER EDUCATION

ucational practice, establish and prescribe uniform accounting
methods, financial controls, budgetary classifications, and allo-
cations for operating income and costs and for capital invest-
ments of each of the educational institutions of the Synod.

[Rationale: These responsibilities are already assigned to
each Board of Regents (6.03 e, f) and are covered in BHE/
CUS policy statements.]

6.63 Financial Management

All surplus institutional funds above an adequate working
balance shall be deemed to be surplus and shall be deposited
with the Vice-President-Finance—Treasurer of the Synod for
investment. Earnings from such investments shall be credited to
the depositing institution.

{Rationale: moved from current 6.71 c}

(Rationale: These responsibilities are already assigned to
each Board of Regents (6.03 e, f, j 6), to be supervised by the
BHE/CUS Board (3.601 i) and are covered in BHE/CUS pol-
icy statements.}

6.65 Line of Credit and Borrowing of Funds

Only the Board of Regents is authorized to establish a line of
credit or to borrow for operating needs, subject to the policies of
the Board for Higher Education and the Board of Directors of
the Synod.

(Rationale: This precludes any other entity from usurping
the responsibility of the Board of Regents (6.03 f).]

(Rationale: Guidelines and processes for Board for Higher
Education review of institutional budgets are contained in
BHE policy statements. Neither the synodical Board of Di-
rectors nor the synodical President are involved in institu-
tional budgeting processes. ]

[Rationale: These responsibilities are already assigned to
each Board of Regents (6.03 i, j 6), to be supervised by the
BHE/CUS Board (3.601 i) and are covered in BHE/CUS pol-
icy statements.]}

[Rationale: These responsibilities are already assigned to
each Board of Regents (6.03 j 1), to be supervised by the
BHE/CUS Board (3.601 a, f) and are covered in BHE/CUS
policy statements.]

[Rationale: These responsibilities are already assigned to
each Board of Regents (6.03 i, j 8) and are covered in
BHE/CUS policy statements.]

c. Moved to 6.63

E. Speeial Regulations Vicarage

(Rationale: This matter is contained in a Board for Higher
Education policy statement (3.601 a.)]

6.85 Bhieibii Assi £Cortain-Churel
Workers Vicarage

a. An academic year of supervised internship (vicarage) is
required of all seminary students before graduation-ordinerthy-H
tem Every vicar shall be assigned

by the Council of Presidents, acting as the Board of Assign-

ments.

[Rationale: Details of vicarage policy are established jointly
by the seminaries. Procedures for arranging temporary ser-
vice are established between schools and District Presidents.]
No changes are recommended for the Bylaws regarding col-
loquy, 6.87-6.141.
John W. Meyer, Chairman
James C. Holste, Secretary
Board for Higher Education
Concordia University System