Thursday, August 12, 2010

The numbers are in!

The 2009/2010 fiscal year at Concordia Lutheran Seminary ends with a budget surplus.
 
Despite a lower than anticipated enrolment and the expense of initiating a distance education program, CLS and its faithful supporters have ended the year with more cash flowing in than out.

It goes without saying that this surplus will be applied to the deficit incurred over two years of financial crisis, to assist with the goal of eliminating all debt by the end of 2011.

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