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LCMS Convention Proceedings St. Louis, Missouri — 1926, Page 907

Scan: The Lutheran Church—Missouri Synod

Transcription machine transcription, uncorrected

Ev. Luth. Synod of Missouri, Ohio, and Other States. 1926. 907

Building Fund in Budget.
(German Report, p. 299.)
Overture 610, emanating from the Financial Secretary, Mr. Theo.
W. Eckhart, and endorsed by the Board of Directors recommended
that the Synodical Building Fund be included in the budget.

Report of Committee 15.

With reference to Overture 610 your Committee recommends the
adoption of the following resolutions suggested in that overture: —-

Resolved, That the term “Synodical Building Fund” shall be
understood to include any and all items authorized or appropriated
by Synod for its colleges and seminaries that will tend to maintain
or increase the value of its real or personal property, such as lands,
buildings, additions to, and repairs on, buildings, equipment, main-
tenance of equipment, and improvement taxes.

Resolved, That the amount to be included in the annual budget
for the Synodical Building Fund shall be approximately equal to
one-third of the aggregate sum appropriated by Synod for the pur-
poses defined in the previous paragraph, thus spreading the total
appropriation over a period of three years.

Nothing contained in this resolution shall be construed as limit-
ing the discretionary powers given’the Board of Directors and the
Fiscal Conference to consider the state of the Building Fund
Treasury (7. e., any existing balance or deficit) in fixing the amount
of the budget.

Adoption of these resolutions shall automatically repeal the
limitation to the Contingent Reserve Fund budget adopted at Fort
Wayne, Ind., in June, 1923, recorded in the proceedings of the Thirty-
second Delegate Convention, on page 220, reading as follows: “with
the limitation . . . that the Building Fund be not included in the
budget when the 214 per cent. are figured.”

This report, together with its recommendation, was adopted.

Permanent Endowment for the Synodical Treasury.
(German Report, p. 300.)

We, the Arlington-Heights Special Conference, respectfully urge
? upon Synod the advisability of establishing a permanent endowment
E = for the Synodical Treasury.

The reasons which prompt us to advise the establishment of such
endowment are: —

1, Synod’s treasuries, and, especially, the Synodical Treasury, .
show an ever-increasing deficit every year.

2. Synod’s spasmodic efforts to wipe out this deficit have been
effective only for the time being, if at all.

3. We have made the experience, and, without overstepping the