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Connecticut Conference of the UCC

Our Shared Vision “That they may all be one”. Connecticut Conference of the UCC. 2014 Budget Hearings Charlie Kuchenbrod Finance & Development Team Leader. Vision. Testimonies. Engaging Worship. Vitality. Inter-dependence. The budget is the financial representation of our aspirations.

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Connecticut Conference of the UCC

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  1. Our Shared Vision “That they may all be one” Connecticut Conference of the UCC 2014 Budget Hearings Charlie Kuchenbrod Finance & Development Team Leader

  2. Vision Testimonies Engaging Worship Vitality Inter-dependence The budget is the financial representation of our aspirations Leadership Community

  3. Asset ClassificationDetermined by Donors!

  4. Conference Assets 12/31/13

  5. Conference Assets

  6. Board-Designated Reserve Funds

  7. Audited Financial Statements • www.ctucc.org/reports/2013 • Introduction with links • Other reports for 2013 also found here!

  8. Revenue Trends 2008 – 2013

  9. Thank You!!!

  10. Budget Balancing “Levers” • Lever 1: Reduce expenses • Lever 2: Raise Per Capita Rate • Lever 3: Increase Retention Rate • Lever 4: Use assets to support spending

  11. Lever 1: Reduce Expenses • Most discretionary non-staffing expenses have been sharply cut or eliminated over past 12 years. • Recent Staffing reductions: • 2013 Regional Minister • 2014 Generosity Ministries

  12. Lever 2: Increase Per Capita Rate

  13. Lever 3: Increase Retention Rate(OCWM Basic Support retained in CT) • 1980-86 = 25% • 1987-94 = 35% (Per Capita eliminated) • 1995-2012 = 37% (Per Capita restored) • 2013-15 = 50%

  14. Lever 4: Use Assets to Support Spending • Transition era – used “rainy day funds” • 2014 – Silver Lake supplemental capital budget

  15. MSC 2015 General Fund Revenue Change Forecast • Basic Support down 5% ($36,284) • Endowment Income up 3% $24,317 • Per Capita Contributions - • Friends of the Conference - • Reclassify New American Fund $33,876 • Pastoral Excellence Program (fee) $20,000 • Other Fee Income $3,371 • Total $45,280

  16. MSC 2015 General Fund Expense Change Forecast • Mission ($1,849) • Program $62,381 • Support $13,663 • Staffing ($9,209) • Total $46,202

  17. Program Choices +$62,381 • Leadership & Cong’l Vitality $20,000 • Pastoral Excellence (fee) $20,000 • SCRM increase $18,784 • Total Sacred Conversation on Race Ministry (SCRM) funding $55,000

  18. Support Choices +$13,663 • Leadership & Cong’l Vitality $7,550 • Virtual Meeting Center $2,400

  19. Staffing Choices ($9,209) • Trade Clergy Concerns for Leadership Transitions • Trade Generosity Ministries for Leadership & Congregational Vitality • Continue Youth & Young Adult Ministry Support • Other adjustments for new responsibilities • COLA and benefit expense increases

  20. Generic Budget

  21. MSC (w/SLCC) 2013 Resultsincludes Now For The Future activity

  22. MSC (w/o SLCC) 2015 Budgetexcludes Now For The Future activity

  23. Transfer to Reserve Funds • Reminder – Reserve Funds are unrestricted assets designated by the Board for specific purposes. • 2015 Budget Allocations: • Interim Staffing $5,000 • Recruitment and Relocation $12,000 • Synod Delegates $8,000 • SCRM $18,784

  24. Transfer from Reserve Funds • Pulling the “Use assets to support spending lever” • Utilizing $34,707 of Staffing Fund • This is a “savings account” • Balance will be reduced from $250,302 to $215,595

  25. Sacred Conversation on Race Ministry • 2013 = $25,000 • 2014 = $35,000 • 2015 = $55,000 • Total = $115,000

  26. Support for Silver Lake • Silver Lake generates revenue – user fees • Conference Support: • Operating support (unrestricted revenue) - $129,807 • Supplemental Capital Budget (unrestricted assets) - $100,000

  27. For the Trustees of the Fund for Ministers 98% of revenue is due to investment income and markets are up.

  28. Board Recommendations

  29. New Patterns of Giving • Planned Giving/Bequests • Affectional Giving • Fundraising for specific projects • Grants

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