The Synod’s Board of Directors met via Zoom on Nov. 19.
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.
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.
The BOD also heard updates on international mission, church-worker recruitment and the Synod’s ‘Making Disciples for Life’ initiative.
Preparations for the Synod convention are proceeding on schedule, and three major Synodwide initiatives are newly underway or soon to be.
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.”