# LCMS Convention Proceedings_St. Louis Missouri_1975_S114 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) RESOLUTIONS 113 the Board of Directors deems necessary; and be it further Resolved, That the Board of Directors in conjunction with the Council of Administrators and a three-man subcommittee of the Fiscal Review Commission ap- pointed by the chairman of the Fiscal Review Commis- sion reevaluate the entire fiscal situation during Septem- ber of 1975; and be it finally Resolved, That we give praise and thanks to Almighty God for His grace and mercy in providing our church with the people and the means to continue to carry out His objective in His world. Action: Adopted (3). To Amend Bylaws for Budget Preparation RESOLUTION 4-06 Report 4-12 (CW, pp. 181—182) WHEREAS, The present timetable and method for set- ting the budget of the Synod-is inadequate to meet the needs of the Synod and its Districts; and WHEREAS, Developing a new planning, programing, and budgeting system requires time for reflection, devel- opment, and experiment; therefore be it Resolved, That the present work program budget proc- ess, as detailed in Bylaws 9.13 c and 9.01 f be revised as follows: PRESENT WORDING 9.13 Meetings c. The chairman shall convene a meeting of the commission no later than 30 days after the beginning of the synodical fiscal year. 9.01 Budgeting Procedure f. After the commitments for each year have been received from congregations and have been transmit- ted by the District to the synodical Board of Directors, the Board of Directors shall Propose a tentative income and expenditures budget for the next fiscal year for the consideration of the Fiscal Review Commission. PROPOSED WORDING 9.13 Meetings c. The Fiscal Review Commission chairman shall convene a meeting of the commission by June 1 of each year, to consider the proposed budget for the following fiscal year and’ to share ideas on objectives, programs, forecasts, priorities, and communication devised for the Synod and District boards of directors for their consideration in future fiscal and programatic planning and fund raising. 9.01 Budgeting Procedure f. After commitments for each year have been received from congregations and have been transmit- ted by the Districts to the synodical Board of Directors, that board shall set the synodical budget after consult. ation with the Council of Administrators and the Council of Presidents; and be it further Resolved, That the Ad Hoc Committee to Revise By- laws for Budget Preparation, in consultation with the Committee for Reorganization, continue to review: the budgetary process and Propose any necessary Bylaw changes to the 1977 convention. Action: Adopted (3). (The committee changed “will” to “shall” in Bylaw 9.01) To Change Membership of Fiscal Review Commission RESOLUTION 4-07 Overture 4-49 (CW, p. 193) Wuereas, The Fiscal Review Commission should in- clude the best possible representation from the various Districts; therefore be it Resolved, That the synodical Bylaws for Fiscal Com- mission representation be changed to read as follows: PRESENT WORDING 9.11 Membership and Organization a. The Fiscal Review Commission shall be com- posed of the President of each District (or his repre- sentative) and one layman not in the em loy of the District. The layman and his alternate shall be ap- pointed by the District Board of Directors for a term identical with that of the District President. The Dis- trict may at its expense send additional nonvoting representatives to the Fiscal Review Commission meetings. The President, the Vice-Presidents, and the members of the Board of Directors of the Synod shall be voting members. of the commission. The Adminis- trative Officer of the Board of Directors, the Control- ler, and the Stewardship Counselor of the Synod shall be advisory members of the commission. PROPOSED WORDING 9.11 Membership and Organization a. The Fiscal Review Commission shall be com- posed of the President of each District (or his repre- sentative), one layman not in the employ of the Dis- trict who is knowledgeable in financial planning and fiscal management, and one of the following: the Dis- - trict Treasurer, the District Stewardship Chairman, the District Stewardship Executive. The layman and his alternate shall be appointed by the District Board of Directors for a term identical with that of the District President. The District may at its expense send additional nonvoting representatives to the Fiscal Review Commission meetings. The President, the Vice-Presidents, and the members of the Board of Directors of the Synod shall be voting members of the commission. The Administrative Officer of the Board of Directors, the Controller, and the Stewardship Counselor of the Synod shall be advisory members of the commission. Action: Adopted (3). To Grant Authority For Utilizing Insurance Companies for the Purpose of Annuities And/Or Investment Purposes for the Pension Plan for Pastors and Teachers RESOLUTION 4-08 Report 4-09, Exhibit J, 5 (CW, p. 179) WHEREAS, The Pensi=>:: » acralties, composed of two representatives each of the Board of Trustees and the Board of Managers—Worker Benefit Plans, has since 1969 recommended, and the Board of Directors has ap-