Preparations for the Synod convention are proceeding on schedule, and three major Synodwide initiatives are newly underway or soon to be.
Audits and summary budgets are available for the LCMS, LCEF, the LCMS Foundation, all 35 LCMS districts and Concordia Publishing House.
Meeting in St. Louis May 18–19, the LCMS Board of Directors adopted a fiscal year 2019 operations budget of $69.4 million, a figure nearly $8 million lower than that of the current fiscal year, which ends June 30.
Actions at the Board’s May 19-20 meeting in St. Louis include adoption of a prudent, lean Synod budget, contingent on further expense reductions.
The LCMS Board of Directors hears that unit executives trimmed requests by some $8 million to balance the proposed 2016-17 Synod budget.
Synod Chief Financial Officer Jerald C. Wulf tells the LCMS Board of Directors that the 2016 budget “balances expected revenues against anticipated expenses.”