Together Archive

Items about CMO

  • SC financial update

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

    Published on: July 10, 2009

  • Answers to some timely questions

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

    Published on: June 1, 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

  • 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

  • A new challenge, the same promises from a gracious God

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

    Published on: November 10, 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

  • One year of "Together"

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

    Published on: September 15, 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

  • COP addresses numerous issues

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

    Published on: April 21, 2008

  • Positive financial trend continues

    The latest financial reports show the positive trend in Congregation Mission Offerings—the gifts congregations submit for the collective work of synod, known as CMO—continues... read more

    Published on: April 21, 2008

  • Support for synod operating budget remains strong

    February's financial figures show support for the synod's operating budget remains strong. Through the first eight months of the 2007-08 fiscal year, support of $24.6 million exceeded expenses of $22.1 million by $2.5 million. The budget appears on track for a $2.2 million dollar surplus at year's end. Any surplus would be used to create a buffer fund to offset any future budget shortfalls... read more

    Published on: March 17, 2008

  • WELS congregation is "giving back"

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

    Published on: February 18, 2008

  • Synodical Council to consider encouraging budget news

    The latest support forecast anticipates a synod operating budget surplus of $2.2 million for the fiscal year ending in June 2008 and will be presented for approval to the Synodical Council when it meets later this month. (Note: the forecast was prepared before the special one-time Congregation Mission Offering gift of $200,000 mentioned by President Schroeder in his opening remarks.) Any surplus would... read more

    Published on: February 18, 2008

  • Positive synod financial trends continue

    WELS' financial indicators continue to trend positive, in particular Congregation Mission Offerings (CMO)—the offerings congregations commit to the synod's collective ministry—and gifts from individuals. "Based on the facts, it's obvious God is blessing the synod financially," says Mr. Todd Poppe, WELS chief financial officer... read more

    Published on: January 21, 2008

  • Budget on track for surplus

    The latest financial figures show the synod's operating budget continues to be on track for a $1 million surplus for the fiscal year. Any surplus will be used to re-create a buffer fund to be used for future unanticipated support shortfalls... read more

    Published on: December 17, 2007

  • Positive trend in Congregation Mission Offerings continues

    For the fourth straight month, Congregation Mission Offerings—the offerings congregations submit for WELS’ collective ministry, known as CMO—exceeded offerings of the same month from the previous year... read more

    Published on: November 19, 2007

  • Latest financial report shows increase

    Overall receipts for WELS operating budget in July 2007 showed a marked increase over the previous July, but the synod's chief financial officer is urging caution in projecting the increase beyond the current month... read more

    Published on: September 17, 2007