The budget includes total revenue of just over $82 million and total spending of $81.4 million.
The BIM, BNM, BOD and COP heard a variety of reports, carried out board business and spent time in prayer.
To honor Young’s legacy, LCEF and the LCMS Foundation have worked together to establish the Dr. Rosa J. Young Scholarship Endowment.
The Aug. 27 service also kicked off CSL’s 183rd academic year under the theme “Your Word Is a Lamp to My Feet.”
The Rev. Dr. Henry L. Koepchen, who served on the LCMS Board of Directors from 1977 to 1992, died on April 12.
The committee appointed by the Synod’s Board of Directors in response to 2019 Convention Res. 7–03 to conceive of a new governance model for the Concordia University System reported on its progress at the Board’s Feb. 19 meeting.
The measure was approved by over 90%, with more than 60% of the Synod’s congregations participating in the vote.
Due to ongoing effects of the pandemic, the LCMS Council of Presidents voted unanimously to encourage LCMS President Rev. Dr. Matthew C. Harrison to put before congregations a proposal to delay the 2022 Synod convention.
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.