LCMS Convention Proceedings St. Louis, Missouri — 1983, Page 166

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166

To Include in the Handbook Formula
for Number of Members of LCEF

RESOLUTION 4-03

Overture 4-50 (CW, p. 180)

WHEREAS, The bylaws of the Lutheran Church Ex-
tension Fund spell out the formula for members of the
Lutheran Church Extension Fund; and

WHEREAS, Requests have come to include this for-
mula for the number of members also in the Bylaws
(Handbook) of The Lutheran Church—Missouri Synod;
therefore be it

Resolved, That Bylaw 2.621 a be amended to add the
following:

As established by its bylaws, the members of Luther-
an Church Extension Fund—Missouri Synod are
divided into two classes, one consisting of the Presi-
dent of the Synod or his representative, the Treasurer
of the Synod, and such additional members appointed

- by the Synod’s Board of Directors as shall equal one
for each 10 members of the other class, and the other
class consisting of that number of individuals repre-
-genting participating Districts determined according
to the following formula:

Baptized .
Members + Investments + Investments < .015
50,000 10,000,000 Baptized
Members
Fund . Number of
+ Balance x .010 = Members per
100,000 District

Any fraction derived by application of the formula
will be rounded to the nearest whole number.

Action: Adopted (10).

To Restate and Clarify
Lutheran Church Extension Fund—
Missouri Synod Loan Policies

RESOLUTION 4-04A

Overture 4-51 (CW, p. 180)

WHEREAS, The restructuring of the Church Ex-
tension Fund program as approved by the Synod in the
1979 convention addressed some of the concerns ex-
pressed in Overture 4-51; and

WHEREAS, The Lutheran Church Extension Fund—
Missouri Synod Board of Directors, serving as the
synodical Board for Church Extension, has assured
Districts that loan funds will continue to be available to
congregations in all Districts, whether or not participat-
ing in the Lutheran Church Extension Fund—Missouri
Synod, to the extent needed under existing loan policies
to insure the availability of facilities for mission and
ministry within all Districts of the Synod; and

WHEREAS, There are a number of legal and technical
problems in revising the loan policies as suggested in
Overture 4-51; therefore be it

Resolved, That the Synod affirm the policy of the
Board for Church Extension in providing capital funds

RESOLUTIONS

,

to assist congregations with the necessary financing
under existing loan policies:.consistent with ‘prudent
management to insure continued compliance with
applicable state regulatory requirements; and be it
further

Resolved, That the Districts shall be responsible for
review of all loan applications, consultations with the
congregations, and recommendations to the Lutheran
Church Extension Fund—Missouri Synod; and be it
finally

Resolved, That the synodical Board for Church
Extension arrange a meeting to include all Districts to
discuss present Board for Church Extension policy and
to develop procedures, especially as they affect those
Districts not currently members of the Lutheran Church
Extension Fund—Missouri Synod so that the mission of
the whole church can be effectively undergirded and the
best possible working relationship be established be-
tween the Synod’s Board for Church Extension and the
various Districts of our church, and that this meeting be
held prior to Jan. 1, 1984.

Action: Adopted (10).

To Deal with the Synod’s Operating
Deficit and Budget Management

RESOLUTION 4-05

Report 4-04 (CW, pp. 127—133); Overtures 4-28—
4-36 (CW, pp. 174—176) ‘
WHEREAS, Because of the $11.8 million accumulated
operating deficit (see June 30, 1982, audited financiak
statement, CW p. 129), there has been an expressed;
concern that the Synod operate under a mandated
balanced budget; and ye
WHEREAS, Bylaws 2.187, 7.53, and 7.55 outline cure;
rent procedures of the Synod in adopting its budget; am
WueEreas, The Board of Directors has followed th
budgeting Bylaws; and Ag

WHEREAS, Conventions in 1975, 1977, andl 4
mandated deficit spending which has added $7, uh E ob
to the deficit in the operating fund; and _ ; _

WHEREAS, The 1979 convention changed the 4 de

year, adding $2,858,000 to the deficit in the |
fund; and

WHEREAS, The Board of Directors after consult
with the District Presidents has set balanced bu
beginning in 1980, but anticipated receipts,
materialize, resulting in expenditures ove:
adding $5,065,000 to the deficit in the operatin
and ot

WHEREAS, The Board of Directors in tryin,
nate deficit spending from national op
February 1983, with four months left in the: it
further cut national budgets by $1.9 million
balancing national income and expenses butt
the deficits of the colleges and seminaries; th