Richmond, Virginia
September 13, 1962
The Foreign Mission Board met in regular monthly session at 3s00 P.M. on Thursday,
September 13, 1962, with Mr. Jenkins presiding.
Present: T. F. Adams, Joseph P. Edmondson, J. Levering Evans, Horace Ford,
Stuart Grizzard, Josiah Hoover, Mrs. Clyde V. Hickerson, L. Howard Jenkins,
J. Walter Martin, Ryland 0. Reamy, Meredith Roberson, J. Roy Clifford, H.
Addison Dalton, James T. Todd, Mrs. John C. Tyree, P. Earle Wood, Baker J.
Cauthen, Rogers M. Smith, Cornell Goemer, Winston Crawley, Frank K. Means,
E. L. Deane, E. L. Hill, E. L. Wright, Joseph B. Underwood, Floyd H. North,
Edna Frances Dawkins, Bill Cody, Jess Fletcher, lone Gray, Bill Dyal, Fon H.
Scofield, Inez Tuggle.
Dr. Martin led in prayer.
Dr. Cauthen gave the following report of the executive secretary:
REPORT OF THE EXECUTIVE SECRETARY
We are now in process of preparing the 1963 budget to be considered by the Board
in October.
Budget preparation is an extensive undertaking. It begins on mission fields across
the world where needs are carefully studied and recommendations are made. Many
desirable items must be eliminated by the missions as they consider their budget
recommendations because experience has pointed out the fact that resources are
never adequate to cover the even most urgently needed items.
When the recommendations of the missions reach Richmond they are then given very
careful administrative study. At all points the resources of the Board must be
measured against the very large requirements of a growing work.
For a number of years it has been necessary to increase the operating budget of the
Board approximately $1,000,000 per year. This same increase will be required in
the 1963 budget over the budget under which we are operating at present.
The budget to be recommended in October will call for more than $14,000,000 in
operating funds. For the first time in our history we will include an estimate of
the amount for capital expenditures which will amount to approximately $6,000,000.
A total budget of $20,000,000 will therefore be before us for consideration when we
gather in our annual session.
One of the important matters now before us is a study of capital needs for all
agencies of the Southern Baptist Convention for a four year period. These needs
will be studied in Nashville next week as we present them to the Capital Needs Com¬
mittee of the Convention. A review of our capital expenditures for work overseas is
an interesting study. The figures of actual expenditures as indicated by our audit
for a five year period beginning with 1957 are as follows:
1957 - $4,242,888.00; 1958 - $5,470,393-99; 1959 - $4,552,350.88
I960 - $5 ,557,154.94; 1961 - $5 ,475,191.73.
The expenditures for capital purposes in 1962 will probably total $5,715,000 and a
projected expenditure for 1963 will be on the basis of $6,000,000.
The anticipated needs which will be studied with the Capital Needs Committee for the
four year period under review will be as follows: 1964 - $6,250,000; 1965 -
$6,500,000; 1966 - $6,750,000; 1967 - $7,000,000.
We keep in mind that funds to provide these large amounts come through the capital
needs section of the Cooperative Program and the Lottie Moon Christmas Offering.
We are scheduled to receive from the Cooperative Program Capital Need Section for
1962 the sum of $1,275,000 and in 1963 the sum of $1,725,000. If the Cooperative
Program continues through the end of the year at its present rate, it is anticipated
that we will receive the full amount of the allotment for capital needs this year.
Although the full amount of capital needs allotment for 1962 is anticipated, we are
recarmending appropriations within a limit of seventy per cent of the capital needs
amount until it can be definitely ascertained that the full capital needs appropria¬
tion from the Cooperative Program will be available.
At present, we cannot say if there will be any funds available for the advanced sec¬
tion of the Cooperative Program in 1962. As is well known, after the Convention
budget is reached, seventy-five per cent of all funds reaching the Executive Com¬
mittee are distributed seventy-five per cent to the Foreign Mission Board
