NASHVILLE, Tenn. (BP)--The Southern Baptist Convention's Executive Committee unanimously passed a recommendation Sept. 23 giving pre-approval for any SBC entity to transfer funds to New Orleans Baptist Theological Seminary to assist in its ongoing recovery from Hurricane Katrina.
The action was taken to assure compliance with Article XVI of the SBC's Business and Financial Plan.
Photo by Morris Abernathy
New Orleans Seminary President Chuck Kelley told the EC's Cooperative Program subcommittee earlier in the day that rising costs in insurance and utilities have made recovering from Katrina more costly than initially envisioned. Kelley had requested that the subcommittee recommend approval of a special allocation of $500,000 out of any Cooperative Program overage funds, but the subcommittee declined and instead recommended that any CP overages be distributed according to the regular distribution formula to the entities, who then can decide how much, if any, to give to the seminary.
The Executive Committee also declined to approve at this time a request by Kelley to freeze the seminary's full-time equivalent (FTE) enrollment numbers for an additional three years, choosing to examine the matter more fully during the September 2009 EC meeting when more enrollment numbers are available.
In other matters, the Executive Committee:
-- approved a request by the Louisiana Baptist Convention to apply any remaining surplus funds for Hurricane Katrina relief to "other worthy disaster relief programs" of the Louisiana Baptist Convention, including relief efforts for Hurricanes Rita and Ike. There is approximately $200,000 remaining in excess funds.
-- declined to recommend reaffiliation with the Baptist World Alliance... Read More