LCMS Convention Proceedings St. Louis, Missouri — 1975, Page 113

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RESOLUTIONS 113

the Board of Directors deems necessary; and be it further

Resolved, That the Board of Directors in conjunction
with the Council of Administrators and a three-man
subcommittee of the Fiscal Review Commission ap-
pointed by the chairman of the Fiscal Review Commis-
sion reevaluate the entire fiscal situation during Septem-
ber of 1975; and be it finally

Resolved, That we give praise and thanks to Almighty
God for His grace and mercy in providing our church
with the people and the means to continue to carry out
His objective in His world.

Action: Adopted (3).

To Amend Bylaws for
Budget Preparation

RESOLUTION 4-06
Report 4-12 (CW, pp. 181—182)

WHEREAS, The present timetable and method for set-
ting the budget of the Synod-is inadequate to meet the
needs of the Synod and its Districts; and

WHEREAS, Developing a new planning, programing,
and budgeting system requires time for reflection, devel-
opment, and experiment; therefore be it

Resolved, That the present work program budget proc-
ess, as detailed in Bylaws 9.13 c and 9.01 f be revised as
follows:

PRESENT WORDING

9.13 Meetings

c. The chairman shall convene a meeting of the
commission no later than 30 days after the beginning
of the synodical fiscal year.

9.01 Budgeting Procedure

f. After the commitments for each year have been
received from congregations and have been transmit-
ted by the District to the synodical Board of Directors,
the Board of Directors shall Propose a tentative income
and expenditures budget for the next fiscal year for
the consideration of the Fiscal Review Commission.

PROPOSED WORDING

9.13 Meetings

c. The Fiscal Review Commission chairman shall
convene a meeting of the commission by June 1 of
each year, to consider the proposed budget for the
following fiscal year and’ to share ideas on objectives,
programs, forecasts, priorities, and communication
devised for the Synod and District boards of directors
for their consideration in future fiscal and programatic
planning and fund raising.

9.01 Budgeting Procedure

f. After commitments for each year have been
received from congregations and have been transmit-
ted by the Districts to the synodical Board of Directors,
that board shall set the synodical budget after consult.
ation with the Council of Administrators and the
Council of Presidents;

and be it further

Resolved, That the Ad Hoc Committee to Revise By-
laws for Budget Preparation, in consultation with the
Committee for Reorganization, continue to review: the

budgetary process and Propose any necessary Bylaw
changes to the 1977 convention.

Action: Adopted (3).
(The committee changed “will” to “shall” in Bylaw 9.01)

To Change Membership of
Fiscal Review Commission

RESOLUTION 4-07
Overture 4-49 (CW, p. 193)

Wuereas, The Fiscal Review Commission should in-
clude the best possible representation from the various
Districts; therefore be it

Resolved, That the synodical Bylaws for Fiscal Com-
mission representation be changed to read as follows:

PRESENT WORDING

9.11 Membership and Organization

a. The Fiscal Review Commission shall be com-
posed of the President of each District (or his repre-
sentative) and one layman not in the em loy of the
District. The layman and his alternate shall be ap-
pointed by the District Board of Directors for a term
identical with that of the District President. The Dis-
trict may at its expense send additional nonvoting
representatives to the Fiscal Review Commission
meetings. The President, the Vice-Presidents, and the
members of the Board of Directors of the Synod shall
be voting members. of the commission. The Adminis-
trative Officer of the Board of Directors, the Control-
ler, and the Stewardship Counselor of the Synod shall
be advisory members of the commission.

PROPOSED WORDING

9.11 Membership and Organization

a. The Fiscal Review Commission shall be com-
posed of the President of each District (or his repre-
sentative), one layman not in the employ of the Dis-
trict who is knowledgeable in financial planning and
fiscal management, and one of the following: the Dis- -
trict Treasurer, the District Stewardship Chairman,
the District Stewardship Executive. The layman and
his alternate shall be appointed by the District Board
of Directors for a term identical with that of the
District President. The District may at its expense
send additional nonvoting representatives to the Fiscal
Review Commission meetings. The President, the
Vice-Presidents, and the members of the Board of
Directors of the Synod shall be voting members of the
commission. The Administrative Officer of the Board
of Directors, the Controller, and the Stewardship
Counselor of the Synod shall be advisory members of
the commission.

Action: Adopted (3).

To Grant Authority For Utilizing
Insurance Companies for the
Purpose of Annuities
And/Or Investment Purposes for the
Pension Plan for Pastors and Teachers

RESOLUTION 4-08
Report 4-09, Exhibit J, 5 (CW, p. 179)

WHEREAS, The Pensi=>:: »  acralties, composed of
two representatives each of the Board of Trustees and
the Board of Managers—Worker Benefit Plans, has since
1969 recommended, and the Board of Directors has ap-