Together Archive

Items about Finance

  • 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

  • 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

  • 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

  • Candidates for ministry: blessings from a gracious God

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

    Published on: May 18, 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

  • Year of Jubilee: one blessing among challenges

    Even as the synod wrestles with financial challenges brought on by the downturn in the global economy, the Ministry of Christian Giving is highlighting reasons for thanksgiving... read more

    Published on: April 6, 2009

  • SC wrestles with tough decisions

    From the office of President Mark Schroeder... 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

  • Year of Jubilee update

    Total gifts received for the synod's Year of Jubilee offering as of Jan. 26 exceed $2.6 million. The goal of the offering, authorized by the 2007 synod convention, is to reduce or eliminate the synod's $22.4 million debt and free up as much as $2.7 million each year for other ministry... 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

  • New milestone for Year of Jubilee

    Total gifts given toward the synod's Year of Jubilee debt-elimination offering today surpassed the $2 million mark. The gifts given to date total $2,028,757—about half was given by about 400 congregations and organizations; about half was given directly by about 2,250 individuals... 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

  • Congregations respond to Year of Jubilee

    Congregations from across the synod have begun submitting Year of Jubilee offerings now that the dates targeted for the main celebration have passed. The Ministry of Christian Giving is marking the first million dollar milestone. To date, congregations and individuals have offered $1.13 million... read more

    Published on: December 15, 2008

  • Year of Jubilee celebration underway

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

    Published on: December 1, 2008

  • 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

  • SC, COP address challenges and opportunities

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

    Published on: November 17, 2008