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.
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.
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.
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.
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