May 20, 2019 in Assembly, Communications
Balanced 2020 Budget Approved
The Assembly adopted a budget for fiscal 2020 that anticipates total revenues of $3.33 million and expenditures of $2.88 million. The budget takes effect Feb. 1, 2020.
Finance Committee Chair Albert Glenn outlined one significant change to the 2020 budget. The synod regularly gives support to United Lutheran Seminary, including about $50,000 for tuition support for our synod’s candidates. A $30 million bequest to ULS allows the seminary to eliminate tuition for many students, so the $50,000 will instead go to a fund to assist current rostered ministers with significant student debt.
Treasurer Janet Huber Neff, CPA, reported that Mission Support from congregations in 2018 totalled $1.798 million, about $70,000 less than budgeted.
“The bishop, the staff, the Synod Council would all like to thank you very much for your mission support,” Neff said. “We do understand that it is a sacrifice for you, and we want you to know how much it does for us locally, nationally, and globally.”
- Download: 2019 Report of the Treasurer (PDF of presentation slides)
