Together Archive

Items about CFO

  • 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

  • Important CMO notice for pastors and treasurers

    With the end of 2008 approaching, WELS Chief Financial Officer Todd Poppe is asking that all congregations continue to mail Congregation Mission Offering (CMO) deposits and processing coupons to WELS' bank lockbox, which provides effective and efficient deposit processing for the synod. Gifts received by the bank lockbox up to and including Jan. 9, 2009, will be credited as 2008 CMO if accompanied... read more

    Published on: December 1, 2008

  • First quarter budget figures in

    Budget numbers from the first quarter of the synod's 2008-09 fiscal year are in—they show support of $8.4 million, which is $700,000 less than expenses of $9.1 million... read more

    Published on: October 20, 2008

  • Mixed news in latest financial report

    The latest Executive Summary—prepared by WELS' chief financial officer for the Synodical Council and the Conference of Presidents—shows mixed news for the synod's operating budget the first month into a new fiscal year... read more

    Published on: August 18, 2008

  • Projected budget surplus lowered

    WELS Chief Financial Officer Todd Poppe is revising downward the anticipated surplus in synod's fiscal year operating budget... read more

    Published on: June 16, 2008

  • Greater budget surplus anticipated

    The latest report from the synod's chief financial officer shows that if positive trends continue, the synod's operating budget could end the fiscal year with a surplus of more than $3 million, which is $800,000 more than previously anticipated... read more

    Published on: May 19, 2008