Together Archive

Items about Budget

  • First quarter budget results

    Results for the first quarter of the synod's fiscal year 2010 ending Sept. 30 show support and revenue of $19.1 million exceeded expenses of $17.4 million by $1.7 million. The resulting increase in net assets is partially due to revenues being received before corresponding expenses are incurred—a timing difference that is expected to reverse by the end of the fiscal year. But also contributing... read more

    Published on: November 16, 2009

  • Delegates headed home

    The 60th biennial convention ended Friday with a final encouragement to delegates from WELS President Mark Schroeder. "Our work here at this convention may be done, but it is just beginning. . . . Please go back to the people you know and just give them a little taste of what you've experienced here. Just a little taste of what God has done for us in these days together. Do everything you can... read more

    Published on: August 1, 2009

  • 2009-11 budget passed

    After much debate, delegates passed the 2009-11 budget Thursday, a budget that provided enough funding for Ministerial Education to retain WELS' present three-tier, four-school system and to prevent further cuts in the Boards for Home and World Missions... read more

    Published on: July 31, 2009

  • Budget resolution adopted

    Delegates have adopted a resolution of the Finance and Budget Floor Committee for the 2009-11 biennium, which provides enough funding for Ministerial Education to retain WELS' present three-tier, four-school system as contained in the Synodical Council's proposed budget Option A... read more

    Published on: July 30, 2009

  • Budget proposal brought to floor

    The Finance and Budget Floor Committee wrapped up more than 20 hours of work Wednesday when it brought a recommendation to the floor that asked delegates to adopt a budget for 2009-2011 that didn't further cut either ministerial education or missions... read more

    Published on: July 29, 2009

  • Budget tops convention agenda

    Delegates began discussion on two budget proposals brought forward by the Synodical Council in an open forum Monday evening... read more

    Published on: July 27, 2009

  • SC financial update

    A special message from President Mark Schroeder... read more

    Published on: July 10, 2009

  • Districts grapple with issues

    From the office of President Mark Schroeder... read more

    Published on: June 15, 2009

  • Answers to some timely questions

    From the office of President Mark Schroeder... read more

    Published on: June 1, 2009

  • Candidates for ministry: blessings from a gracious God

    From the office of President Mark Schroeder... read more

    Published on: May 18, 2009

  • SC adopts budget proposal

    A special message from President Mark Schroeder... read more

    Published on: April 28, 2009

  • Difficult decisions, eyes of faith

    From the office of President Mark Schroeder... read more

    Published on: April 20, 2009

  • Anticipated budget shortfall widens

    Results for the third quarter of the 2008-09 fiscal year indicate overall support for the synod's operating budget was $6.0 million, or $3.2 million less than expenses. Year-to-date support is $25.1 million, or $3.1 million less than expenses. The year-to-date results point to a deficit of $5.9 million—that's up from the $3.7 million projected at the end of the second quarter... read more

    Published on: April 20, 2009

  • SC wrestles with tough decisions

    From the office of President Mark Schroeder... read more

    Published on: March 2, 2009

  • WELS CEF makes $1 million grant to Home Missions

    In an effort to help manage the unforeseen financial struggles facing the synod, WELS Church Extension Fund (CEF) has made a special $1 million grant to support the work of the Board for Home Missions. Without this grant, Home Missions may have been forced to recall missionaries and close down missions to the tune of $1 million by the end of June. The grant also frees up an equal amount of dollars... read more

    Published on: March 2, 2009

  • The financial challenge before us

    From the office of President Mark Schroeder... read more

    Published on: February 16, 2009

  • Recent financial developments

    From the office of President Mark Schroeder... read more

    Published on: February 2, 2009

  • Ad Hoc Commission holds its final meeting

    The Ad Hoc Commission, established by the 2007 synod convention to analyze synod structure and to make recommendations to improve its collective ministry, held its final face-to-face meeting Jan. 30... read more

    Published on: February 2, 2009

  • COP addresses important issues

    From the office of President Mark Schroeder... read more

    Published on: January 19, 2009

  • Quarterly financial report

    Financial numbers for the synod's operating budget are in for the second quarter of the 2008-09 fiscal year—from all indications it appears the synod's operating budget remains headed for a $3.7 million deficit by the end of the fiscal year. That's $300,000 more than the $3.4 million buffer fund created by a surplus the prior year. Under spending will be used to make up the difference... read more

    Published on: January 19, 2009