LCMS Board of Directors

BOD adopts $59.6M budget for FY21

A cautious approach to expenditures in FY21 reflects major economic uncertainties in the current forecasting environment, not the least of which has been the impact of COVID-19.

BOD adopts first-quarter budget for FY21

Due to near-term COVID-related challenges, the Board in April had endorsed a proposal from the Operations Team to prepare spending forecasts through the end of the current fiscal year and abbreviated budget proposals for just the first quarter of the next.  

Synod BOD apprised of tough philanthropic climate

The BOD also heard updates on international mission, church-worker recruitment and the Synod’s ‘Making Disciples for Life’ initiative.

Concordia, Portland to close after spring semester

The announcement came on Feb. 10 following a resolution approved by the CUP Board of Regents on Feb. 7.

BOD meeting in Houston includes joint session with COP

Among other business, the Board heard a report from the Synod president, elected a new BOD member, and thanked retiring CFO Jerry Wulf for his service.

LCMS Board of Directors welcomes new members

The LCMS Board of Directors met Sept. 12–13 in St. Louis.

Delegates tidy up the polity of the Synod

Delegates of the 2019 LCMS convention adopted four final resolutions brought to the delegation by Floor Committee 9 on Structure and Governance.

Sias re-elected, four BOD members elected

Sias was re-elected as secretary of the Synod, and four members were elected to the LCMS Board of Directors.

BOD approves $81.3 million budget for Fiscal Year ‘20

Due to two major triennial events, the approved budget is $12 million higher in FY20 than in FY19, but the expenses for those events are essentially recovered through fees.

Synod’s external debt is no more: ‘A milestone achievement’

The move, which brings the Synod’s indebtedness to external entities to zero, will save $1.4 million a year in principal and interest payments.

BOD business includes budget, convention prep

Preparations for the Synod convention are proceeding on schedule, and three major Synodwide initiatives are newly underway or soon to be.

‘Retention, evangelism, discipleship’: COP focuses on raising up the next generation

The LCMS Council of Presidents held its fall meeting in San Diego Nov. 12-15.

BOD continues on path toward best corporate stewardship

At its November meeting, the Board heard from its chairman about efforts to increase the efficiencies of corporate Synod so the church can use the savings on its “core competencies.” 

‘Good spirit,’ ‘real savings’ highlight BOD meeting

The LCMS Board of Directors held its quarterly meeting in St. Louis Aug. 24–25.

BOD adopts conservative budget for fiscal year 2019

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.

Board of Directors examines financial uptrends, opportunities, more

The Board’s next meeting — May 18–19 in St. Louis — will focus on the FY19 budget.