# LCMS Convention Proceedings_St. Louis Missouri_1941_S869
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

Financial Matters 869

Financial Policy

. (Memorial 804)

“ Wuereas, The recent Centennial Thank-offering was successful

¥educing the synodical debt; and

Wuereas, Such former indebtedness had a depressing effect

pon the work of the Church; and

Wuereas, It is the declared policy of Synod to restrict its ex-

iditures to its receipts; and

Wuereas, The present time is propitious for the adoption of

ures designed to prevent future crippling financial situations;

fore be it

Resolved, That the Atlantic District memorialize the Synod

ts next convention to adopt the following financial policy:

That i in the event that a deficit shall be incurred, 844 per cent. of

ch a deficit shall be paid every month of the next fiscal year.
Adopted at the Atlantic District Convention, June 24—27, 1940.

Louis T. BucHHEIMER, Secretary

Report of Committee 11

"Your Committee could not convince itself of the feasibility of
‘plan proposed in this memorial. Although it is in agreement
th the proposal that Synod restrict its expenditures to its receipts,
‘éels that the responsible officers of Synod should not be bound by
h specific regulations as set forth in this memorial. In recom-
sending that no action be taken on this overture we refer Synod to
resolution under Memorial 801-D-2 that the Board of Directors
ake every effort to maintain a balanced budget.

Action of Synod: This recommendation was adopted.

Adopting the Subscription Method of Raising Funds
for Synod’s Work

(Memorial 805)
.. Wuereas, The financial status of Synod at the close of the
fiscal year 1940 proves that Synod has reached a long-cherished
goal and that it has the support of a large majority of its congre-
gations, pastors, and individual members; and
. Wuereas, This interest of the congregations, pastors, and in-
vidual members of Synod in the finances of the General Body
nild be sustained; and
* Wuereas, Such interest is greatest when the individual realizes
his own responsibility and is granted a voice in such matters; and
Wuerzas, The subscription method of raising funds has proved
hly successful in sustaining the interest of the individual; and
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