LCMS Commission on Constitutional Matters — Minutes St. Louis, Missouri — February 23, 2013, Page 50

Transcription machine transcription, uncorrected

⤓ Download .txt · copy text

(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;
(3) districts;
(4) Concordia Plan Services; and
(5) the Concordia Plans.
(c) It shall be furnished with copies of these and any interim financial reports it requests.
3.3.4.710 The Board of Directors shall serve as the custodian of all the property of the Synod as defined
in Bylaw 1.2.1 (q). Except as otherwise provided in these Bylaws, it shall have the authority
and responsibility with respect to the property of the Synod as is generally vested in and
imposed upon a board of directors of a corporation.
(a) It shall, however, delegate to district boards of directors the authority to buy, sell, and
encumber real and personal property in the ordinary course of performing the functions
which the district carries on for the Synod in accord with general policies (which shall be
applicable to all districts) established from time to time by itself or the Synod in
convention.
Page 120 – 02.23.13 – COH Minutes