Synodical Conference Convention Proceedings St. Louis, Missouri — 1950, Page 121

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Ev. Luth. Synodical Conference of North America. 1950 121

The Missionary Board of the Lutheran Synodical Conference
AFRICAN MISSIONS — PROPOSED BUDGET 1950—51

Budget Request Expended Budget ‘Request
1/1 /49—6 /30/50 17/1/49--2/28 /50 7/1 /50—6 /30 /51

1. Automotive Cost - $ 3,954.96 $ 5,000.00
2. Building 2,000.00 4,080.63 2,000.00
3. Building—Temporary Parsonages 400.00 122.88 2,000.00
4. Efik Catechism — — —
5. Efik Bible History 500.00 1.75 2,000.00
6. Charity ___.. 100.00 26.34 500.00
7. Equipment 3,000.00 1,884.87 3,000.00
8. Automobile 4,500.00 2,493.24 5,400.00
9. Local Leave 1,000.00 —— 1,500.00
10. Maintenance _. 2,500.00 1,425.65 2,500.00
11. Medical Expense = 500.00 576.26 1,200.00
12. Miscellaneous _W.2uu.2...-2. ee eeeenen nee 600.00 58.86 0.00
13. Parsonages, Permanent Const. .... 14,400.00 838,35 20,000.00
14. Salaries ies Wave te ART 54,000.00 28,358.02 69,000.00
. lonaries’ Travel to Ca ...2.,
16. Missionaries’ Travel fr. Africa 9,000.00 12,675.51 15,000.00
17. Gross CoSt 2-2 -eneceeecncnne eee neee $ 97,700.00 $ 56,497.24 $129,900.00
18. Missouri Synod's Share _.....__...... 82.882% $ 80,975.714
19. Norwegian Synod's Share . a 475% 464.075
20. Slovak Synod’s Share ........ a 1.184% : 1,156.768
21, Wisconsin Synod’s Share _.......... . 15.459 % 15,103.443
100.000% $ 97,700.000

Cuas, E, Grorricn, Treasurer

CERTIFICATE OF AUDIT

(NOTE: Owing to Mr. A. W. Huge’s serious illness, it has been impossible
to bring the audit down to June 30, 1950, as called for in the convention’s
resolution.)

Having made the regular examination of. the books and records of the
Missionary Board of the Lutheran Synodical Conference for the fiscal
year ended June 30, 1949, this is to certify that the financial statements
following these comments were found in agreement with the books and
records, and that these schedules, in my opinion, also reasonably reflect
the financial standing of the Department. This is the Colored Mission
work which is carried on jointly in the United States and in Africa by
the four Lutheran Synods constituting the Synodical Conference:

A separate audit report, as of June 30, 1949, on Immanuel Lutheran
College, Greensboro, N.C., which is subsidized and supervised by this:
Board, was submitted under date of August 15, 1949.

A. W. Hucz, Synodical Auditor, Missouri Synod

St. Louis, Mo., December 9, 1949

Floor Committee Report on Treasurer’s Report

(Committee: Pastor W. F. Sauer; Messrs. Arthur C. Haack, Martin
G. Marquardt.)

I. We recommend that the convention accept the Treasurer’s mime-
ographed report for the fiscal year, July 1, 1949, through June 30, 1950,
subject to audit.

II. We note with joy a very substantial increase in the Church Ex-
pansion Fund and that all Church Extension Loans are on a current basis.
This Fund was increased from a total of $135,344.11, June 30, 1948, to its
present level of $211,988.88 as of June 30, 1950.

III, We call attention to the increased Budget Expenditures for Do-
mestic Missions from $88,323.63 in 1938—39 to $171,482.16 in 1949—50.
These increases have. practically doubled our expenditures over a period
of approximately ten years, primarily for increases in salaries for our
workers and for expansion.