9/11/13 Call to Order Delegate Meeting Welcome New Delegates Wednesday, September 11, 2013 Mr. Terry Rowinski, President The Board of Directors, LHSAGM Focus on the Word Summary and Approval Opening Devotions of the Minutes Tim Young Eagle Interim CEO Kim Nelson, Secretary Executive Vice President of The Board of Directors, LHSAGM Mission Advancement, LHSAGM Board Roster Change Motion to Approve Minutes The BOD has released Pastor Wayne Rasmussen (HCL) at his request and appointed Pastor Keith Speaks (HCL) to complete his term. 1
9/11/13 Delegate Exercise Audit Report/ Crafting the Association Vision Financial Update Melanie Roberts, CFO LHSAGM Balance Sheet (000's omitted) 6/30/13 6/30/12 6/30/11 Total Operating Cash $1,396 $814 $586 Total Receivables 977 1,055 1,268 Line of Credit 100 0 300 Bank Debt 16,534 19,098 21,838 Endow. Fund 1,699 1,512 1,143 Endow. Fund Rec. 627 627 841 2013 Donation Proceeds $4,901,867 Income Statement Grants (000's omitted) 2% 6/30/13 6/30/12 6/30/11 Per Audit $1,887 $3,468 $3,092 Annual Fund After non ‐ operating items (i.e. depreciation, $6M Campaign 24% 44% transfers, restricted items, $6M challenge R3 donations, road project grant, etc.) 30% Per Operations ($247) $40 $259 2
9/11/13 Enrollment Partnership Contributions (000's omitted) Milwaukee Martin Lake Lutheran Luther Country Total 6/30/13 6/30/12 6/30/11 May 2013 Actual 616 318 200 1,134 2013 ‐ 14 Budget 620 339 205 1,164 Actual $1,375 $1,521 $1,583 Sept. 2013 Actual 597 308 214 1,119 Budget $1,511 $1,553 $1,600 Partnership Formula Update Partnership Formula Proposed Changes Neal Meitler Partnership Committee Chair Board of Directors, LHSAGM Emeritus This group consists of Level 1 congregations These congregations will be entitled to that were among the original founders and emeritus status, will no longer be sent monthly longtime supporters of the LHSA. This group invoices by the Association, can send member has a heart for the mission but has experienced children to the Association schools at the so much membership and financial decline that Association reduced tuition rate, will be invited they, at present, are unable to provide financial to attend Delegate meetings, but will not have support to the Association and, for the most a vote in the Delegate Assembly. part, are able to only pay local bills. 3
9/11/13 Emeritus status congregations are invited and Congregations Current Level 1 Previous Level 1 encouraged to support the LHSA with their Benediction Bethlehem gifts and prayers as the Lord blesses. Bethany Emmaus Christ Memorial Gospel Hope Holy Ghost Mission of Christ St. Martini Trinity ‐ Milwaukee Walther Memorial St. Peter ‐ Immanuel Tithing Congregations This group consists of congregations that have These congregations will have full voting rights a stewardship commitment whereby they tithe in the Association and member children will 10% or more of “home purpose receipts” for have access to our high schools at the missions (works outside of the congregation) Association reduced tuition rate. and where the LHSA is given 50% or more of the tithe on a monthly basis. Congregations Motion from the floor regarding revisions to Level 2 Level 2S Partnership Formula 7 congregations 11 congregations 4
9/11/13 Recommended Motion The following congregations be reinstated at Election of Nominating Committee Level 1 ‐ Emeritus: Emmaus Mr. Terry Rowinski, President Gospel The Board of Directors, LHSAGM Holy Ghost St. Martini Board Suggestion for BOD Members Not Able to Nominating Committee Serve After 2014 • Terry Rowinski (Board) • Scott Benson (Only Attorney on Board) • Dan Zehnder (Board) • Paul Sehmer (1 of 2 CPAs on Board) • Joel Waltersdorf, (Board) CPA • Tom Balgeman, Attorney, CPA • Mark L’Heureux, SWD Education Executive • Tom Schoewe, CPA, Former Board Chair BOD Term Limits Ending 6 ‐ 30 ‐ 14 Board Member Term Limits Available for re ‐ election Motion to Approve Scott Benson 2nd term ends 6 ‐ 30 ‐ 14 NO Paul Sehmer 2nd term ends 6 ‐ 30 ‐ 14 NO Diane Gilroy 1st term ends 6 ‐ 30 ‐ 14 YES Kimberly Nelson 1st term ends 6 ‐ 30 ‐ 14 YES Pr. Keith Speaks appointment ends 6 ‐ 30 ‐ 14 YES 5
9/11/13 Call for Board of Directors CEO Search Committee Update Nominations Mr. Terry Rowinski, President Mr. Terry Rowinski, President The Board of Directors, LHSAGM Adjournment and Closing Prayer Questions? Next Meeting Go in peace…and serve the Lord! May 14, 2014 Milwaukee Lutheran 6
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