Together Archive

Items about Finance

  • 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

  • Synodical Council deals with blessings, challenges

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

    Published on: March 3, 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

  • New budget process to enhance visibility

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

    Published on: January 7, 2008

  • "Walking Together 2008" underway

    WELS Ministry of Christian Giving (MCG) this week is launching "Walking Together 2008," an annual campaign authorized by the Conference of Presidents designed to strengthen the commitment of WELS members and congregations to carry out Christ's saving mission together... read more

    Published on: January 7, 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

  • Accounting Oversight Committee member resigns

    Mr. Duane Schlomer, a founding member of the synod's Accounting Oversight Committee (AOC), announced Nov. 30 he is stepping down so he can devote 100 percent of his time to his full-time position as vice president of finance and administration at Wisconsin Lutheran College... read more

    Published on: December 3, 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

  • SC okays synod debt consolidation

    At the Synodical Council meeting Nov. 2-3 in Milwaukee, Wis., a proposal was approved to consolidate the synod’s four debts, totaling $22.4 million, into one single debt... read more

    Published on: November 5, 2007

  • Ad Hoc Commission meets for first time, sets priorities

    Members of the newly formed Ad Hoc Commission met for the first time in Milwaukee, Wis., on Nov. 1. Charged with analyzing the synod’s current challenges and bringing recommendations for a comprehensive plan, commission members spent a majority of their first meeting discussing the scope of the commission and listening to presentations from synod officials... read more

    Published on: November 5, 2007

  • WELS Church Extension Fund assets up 10 percent

    Audit results show that WELS Church Extension Fund (CEF) closed the 2006-07 fiscal year with more than $70 million in member investments—up about 10 percent from a year ago. CEF currently has outstanding loans of nearly $115 million... read more

    Published on: November 5, 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