Together Archive

Items about Offering

  • 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

  • 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 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

  • 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