lcms budget

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.

Official notice: Audits and summary budgets (Jan. 2019)

Audits and summary budgets are available for the LCMS, LCEF, the LCMS Foundation, all 35 LCMS districts and Concordia Publishing House.

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.

Synod Snapshot: Boards and Business

News from the February meetings of the LCMS Council of Presidents and Board of Directors.

Board’s top challenge: helping God’s people marshal kingdom resources

“Finances are first and foremost on everyone’s heart,” LCMS Board of Directors Chairman Rev. Dr. Michael L. Kumm says during the Board’s Nov. 17-18 meeting in Schaumburg, Ill.

Board OKs ‘balanced’ $75.5 million Synod budget

During its May 16-17 meeting in St. Louis, the LCMS Board of Directors also sets Milwaukee as the site for the 2016 Synod convention.