Official Handbook Source Text
Handbook page 119
Source: LCMS Handbook 2023, page 119.
This page reproduces text from the 2023 LCMS Handbook for study and navigation. Readers should verify procedural, legal, parliamentary, or governance questions against the official LCMS Handbook and appropriate LCMS authorities.
require modification or revocation thereof, except opinions of the Commission on Constitutional Matters.
(b) Corporate Synod’s budgeting process and the budget itself shall be designed to support the worldwide mission and ministry of the Synod.
(1) The board shall establish policies and guidelines relating to the preparation of the annual budget.
(2) The board shall adopt the annual budget.
(c) The Board of Directors shall be responsible for providing operating and capital funds to carry out the work of the Synod.
(d) Regarding the Synod ’s seminaries, the board shall, together with national fundraising operations, establish policy guidelines for the distribution of grants of the Synod (restricted and unrestricted) and efforts for securing additional financial support from other sources.
(e) Regarding the Synod ’s colleges, universities, and seminaries, the board shall approve capital projects in relation to campus property management agreements and institutional master plans, and shall establish and monitor criteria for determining institutional viability, fiscal and otherwise.
3.3.4.6 The Board of Directors shall exercise general oversight over the operations
and activities of the synodwide corporate entities, the Concordia Plans, and Concordia Plan Services as required of it in the Constitution of the Synod and specified in these Bylaws.
(a) It shall assure itself that their accounting, budgeting, and financial policies comply with generally accepted accounting standards.
(b) It shall assure itself that audits are performed by internal auditors or independent certified public accountants for the Synod’s
(1) synodwide corporate entities;
(2) colleges, universities, and seminaries;
(3) districts;
(4) Concordia Plan Services; and
(5) the Concordia Plans.
(c) It shall be furnished with copies of these and any interim financial reports it requests.
(d) The board shall have the right to designate a representative (by default, the Chief Financial Officer) to attend, as a nonvoting member, all meetings of the boards of The Lutheran Church— Missouri Synod Foundation, The Lutheran Church Extension Fund — Missouri Synod , Concordia Publishing House, Concordia University System, and the Board of Trustees — Concordia Plans (Board of Directors — Concordia Plan Services), including executive sessions. The board’s representative shall serve on the investment committee of the Concordia Plans and Concordia Plan Services. The board and its representative shall, in reasonable time, receive notice of such meetings, the proposed agenda, and minutes thereof.
3.3.4.7 The Board of Directors shall serve as the custodian of all the property of the
Synod as defined in Bylaw 1.2.1 ( r). Except as otherwise provided in these Bylaws, it shall have the authority and responsibility with respect to the
