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.
At its Sept. 4 meeting, the board also heard about how reductions in budgeted Fiscal Year 2021 expenditures will have a significant impact on LCMS mission and ministry efforts.
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.
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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