On Tuesday morning, Mr. Kyle Egan, WELS’ chief financial officer and treasurer, shared an overview of WELS financial results with synod convention delegates. He explained key elements of the proposed ministry financial plan for the upcoming biennium covering fiscal years 2023–24 and 2024–25.
Egan noted the continued strength of Congregation Mission Offerings, individual gifts and grants, as well as strong reserve levels. “Overall the synod is in a very strong financial position heading into the biennium,” said Egan. “We have continued to see strong levels of unrestricted support through gifts, grants, and bequests, which allows for the continued expansion of mission and ministry. We ask for God to provide us with the wisdom and leadership to carry out these plans for the next biennium.”
On Thursday morning, delegates approved the ministry financial plan. Rev. Matthew Brown, a delegate from the South Central District, served as chairman of the convention floor committee that dealt with the ministry financial plan. “It is with joyful thanks for the blessings of our gracious God that we note that WELS is financially strong,” he said. “We ask the Holy Spirit to continue to inspire his people to give as they have been given, in support of our synod’s task to hold before the world the good news of Jesus.”
The ministry financial plan includes support for WELS ministerial education, home and world missions, congregation and district ministry, and general ministry. For plan details, see Egan’s full presentation, which is available at welsconvention.net.