Collection › LCMS Convention Proceedings (St. Louis, Missouri) › 1926 · 33rd Convention, Holy Cross Church › Page 197
LCMS Convention Proceedings St. Louis, Missouri — 1926, Page 197

Scan: The Lutheran Church—Missouri Synod
Transcription machine transcription, uncorrected

Ev. Luth. Synod of Missouri, Ohio, and Other States. 1926. 197

divided Proceeds Account has a very gratifying surplus, the bulk of
: which is due to the temporary investment of thé collections for our
. Building Fund. Synod’s Board recommends that $150,000 of the
. Undivided Interest accumulation be transferred to the Building
Account.
In the tabulated summary of all the receipts the last line includes
many items that are not actually receipts. In order to satisfy the

as a receipt and as a disbursement which in actual fact is neither
a receipt nor a disbursement. For instance, if it becomes necessary
to transfer considerable funds from one. bank to another (under
orders of the Board of Directors I am maintaining three bank ac-
counts), then such a transfer will be regarded as a disbursement of,

"- an actual fact no money has really been spent or received; money

has simply been transferred from one depository to another. Readers

familiar with accountancy can readily perceive that in a large

business like that of Synod there may be many items of this sort.
St. Louis, Mo., March 29, 1926. E. Seven, Treasurer.

Report of Committee 15.

With reference to Overture 601, the Treasurer’s Triennial Re-
port, your Committee asks Synod to take notice of the fact that the
contributions to the Budget Treasury have increased from $238,021.09
in 1923 to $504,929.53 in 1925. A few Districts, however, are listed
_ as not having made use of the Budget Treasury. Since Synod has
;. grown to be a large body, with many branches of work and therefore
4 many different treasuries, and since the individual Christian or even
:. the individual congregation cannot know exactly what percentage of
; contributions to give to these various treasuries, it is most desirable
a that all our churches make use of the budget system.

With reference to the recommendation made in the Treasurer’s

@ Report, to transfer a certain amount of money, your Committee

e. recommends : —

4 Resolved, That since the undivided interest accumulation has
been largely earned by moneys of Synod’s Building Fund, $150,000

).. of the undivided proceeds be transferred to the Building Fund ac-

..count on January 31, 1927.

Your Committee also recommends the following resolution: —

Resolved, That Synod express its appreciation of the work done
by the Treasurer and the manner in which he has kept his books, and
especially also of the service given to Synod by the Financial Secre-
tary, who attended to all mechanical details of the office of the
Treasurer, as well as to the committees which assisted the Treasurer
_in making investments and safeguarding Synod’s papers.

The report was received and the recommendations made therein

ere adopted.

requirements of modern bookkeeping, many a transaction is recorded

say, $25,000 and at the same time as a receipt of $25,000, though as

Agha SS aetRehwe. wee.

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