# LCMS Commission on Constitutional Matters Minutes_St. Louis Missouri_January 25 26 2013_S41
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

PRESENT/PROPOSED WORDING
3.3.4.5

(c) The Board of Directors shall be responsible for providing operating and capital funds to carry out the
work of the Synod.

3.3.4.5(a) The Board of Directors shall allocate available funds to the mission boards,
commissions, councils, offices, and departments of corporate Synod and hold them
responsible therefor.(a) To the extent of its responsibilities relative to the general
management and supervision of the business and legal affairs of the Synod:
(1) It shall receive such reports as it requests on the operations and policies of the
mission boards, commissions, offices, and councils.
(2) It shall have the right to request review of any action or policy of a mission board,
commission, office, or council which primarily relates to business, property, and/or legal
matters and, after consultation with the agency involved and when deemed necessary,
require modification or revocation thereof, except opinions of the Commission on
Constitutional Matters.
(b) The Corporate Synod’s budgeting process and the budget itself shall be designed to
support the worldwide mission and ministry of the Synod.
(1) The board shall establish policies and guidelines relating to the preparation of the
annual budget of the Synod.
(2) The board shall adopt the annual budget of the corporate Synod.
3.3.4.6

(d) Regarding the Synod’s seminaries, the board shall, together with national fund-raising
operations, establish policy guidelines for the distribution of grants of the Synod (restricted and
unrestricted) and efforts for securing additional financial support from other sources.

3.3.4.7

(e) Regarding the Synod’s colleges, universities, and seminaries, the board shall approve capital
projects in relation to campus property management agreements and institutional master plans,
and shall establish and monitor criteria for determining institutional viability, fiscal and
otherwise.

3.3.4.8

To the extent of its responsibilities relative to the general management and supervision of the
business and legal affairs of the Synod:
(a) It shall receive such reports as it requests on the operations and policies of the boards,
commissions, offices, and councils.
(b) It shall have the right to request review of any action or policy of a board, commission,
office, or council which primarily relates to business, property, and/or legal matters and,
after consultation with the agency involved and when deemed necessary, require
modification or revocation thereof, except opinions of the Commission on Constitutional
Matters.

3.3.4.69 The Board of Directors shall exercise general oversight over the operations and activities of the
synodwide corporate entities, the Concordia Plans, and Concordia Plan Services as required of
it in the Constitution of the Synod and specified in these Bylaws.
(a) It shall assure itself that their accounting, budgeting, and financial policies comply with
generally accepted accounting standards.
(b) It shall assure itself that audits are performed by internal auditors or independent
certified public accountants for the Synod’s
(1) synodwide corporate entities;
(2) colleges, universities, and seminaries;
Page 68 – 01.25 to 01.26.13 – COH Minutes