# Synodical Conference Convention Proceedings_St. Louis Missouri_1954_S188
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

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188 Proceedings of the Forty-Third Convention,

Charged to:
Missouri Synod seyret enecctecnerececctneeencneeneen es $155,296.06 $154,615.60
Norwegian Synod 892.87 867.62
Slovak Synod 1,911.44 1,845.33

Wisconsin Synod 26,758.29 26,102.19

$184,858.66 $183,430.74

Exhibit “E”
AUDITOR’S CERTIFICATE
The Missionary Board of the Lutheran Synodical Conference
210 North Broadway
Saint Louis, Missouri

GENTLEMEN:

We have examined the books and records of The Missionary Board of the
Lutheran Synodical Conference, at its offices located at 210 North Broadway,
Saint Louis, Missouri, for the year ended June 30, 1954. We have reviewed the
system of internal control and the accounting procedures of the organization and,
without making a detailed audit of all of the transactions, have examined or
tested accounting records and other supporting evidence, by methods and to the
extent we deemed appropriate. Our examination was conducted in accordance
with generally accepted auditing standards applicable in the circumstances and
included all the procedures which we considered necessary, except that we did
not confirm the notes receivable in the Church Extension Fund by direct com-
munication with the debtors or examine the records of the operating units
located outside of Saint Louis, Missouri.

In addition, the records have been maintained on a cash receipts and dis-
bursements basis and consequently, the financial statements prepared under such
circumstances do not portray the Missionary Board’s financial position at any
given date, nor the results of its operations for any definite period without making
certain adjustments to the cash basis figures. Deferred charges in the amount
of $11,681.84, include the June, 1954, expenditures of the African Missions aggre-
gating $7,698.57, which it is the practice to record in the month the report is
received, namely July, and items in the amount of $3,983.27 to be charged to the
1954—1955 budget. Unrecorded and unpaid expenditures applicable to the months
of May and June, 1954, aggregated $2,717.57.

The Missionary Board’s investment in physical properties, other than a dormi-
tory for girls at Selma, Alabama, and a church at Milwaukee, Wisconsin,
aggregating $44,000, has not been recorded on the records, and no attempt was
made at this time to determine the value of all other property owned by The
Missionary Board.

In our opinion, subject to the foregoing comments, the accompanying balance
sheet and related financial statements present fairly the financial position of
The Missionary Board as of June 30, 1954, and the financial transactions for
the fiscal year then ended prepared on the basis of the accounting methods
presently employed. 2b Ss

St. Louis, Missouri Tracy B. Wurrron & Com
August 2, 1954 Certified Public. Aceg