1 / 15

Budget presentation

Budget presentation. Council on Finance and Administration. 2015 Budget Resolutions. Mission Share spending limit of $7,056,363 Mission Share apportionment of $7,966,408 2015 Conference Budget as presented. Strategic Investments 2014. 1. $ 10,500 Congo. Development 2. $ 20,000 JFON

liza
Download Presentation

Budget presentation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Budget presentation Council on Finance and Administration

  2. 2015 Budget Resolutions • Mission Share spending limit of $7,056,363 • Mission Share apportionment of $7,966,408 • 2015 Conference Budget as presented

  3. Strategic Investments 2014 1. $ 10,500 Congo. Development 2. $ 20,000 JFON 3. $ 20,000 Equitable Compensation 4. $150,000 Pension/Health Benefits 5. $105,000 District Resource Events 6. $ 50,000 RR debt retirement = $355,500 NEW INVESTMENT

  4. Paying for New Investment • Use of Conference Reserves for 2 yrs To Keep Mission Share increases to 3% per year. • This is available only as a short term device, because we must maintain adequate reserves to pay the bills.

  5. Strategic Investment 2014 • Get on Board with What God is Doing • Trust in God’s Providence • Move beyond maintenance/survival • Take New Risks for the Gospel • Reach Out to New People in New Ways • Exercise prudent oversight of finances

  6. 2015 Budget Proposal • New England Missions – Transition Year • Our Five Critical Values + Spiritual Life + Vital Faith Communities + Diversity/Inclusivity + Leadership Development + Stewardship

  7. 2015 Budget Proposal • Program Staff – all 5 areas • Spiritual Life Programming - $7,000 • CBGM, VIM/ERT Training - $1,500 • Africa Planning Committee – Transfer • Higher Education/Campus Ministry – ($8,000) • Youth Ministry - $5,000 • Religion and Race – (5,000) • Sexual Ethics Response Team - $8,000

  8. 2015 Budget Proposal • Personnel Expenses • Salary increase 2.7% - Change in 2013 CAC Requested by Personnel Committee and consistent with policy • 1% increase – 2015 policy for merit and other factors

  9. 2015 Budget Proposal • Other Changes + Communication Technology + Sexual Ethics Training + Legal • World Mission • Auditing • Task Forces

  10. 2015 Health Insurance • HealthFlex Replacement Plan • $250 increase in deductible • Slightly lower premium costs • Monthly Co-Pay – decreases $10 to $205 • Blended Rate – no change - $16,944 • ACH Rate - $15,984 • 5.7% Savings ($960)

  11. 2015 Retiree Health Insurance • GBOPHB - exiting retiree health insurance • Offering program of help with individual plans (One Exchange) • CBOP – will offer a group health insurance plan • More details to follow after Clergy Session

  12. 2014-15 Property/Liability Insurance • Construction Costs – 3-6% • Identifying undervalued churches • Over 50% current dollar losses related to severely cold winter • 2014 – 2015 overall increase 5–7%, premium and property values

  13. 2013 Update • Mission Share receipts • $5.92 million vs. $5.84 in 2012 • $75,000 or 1.3% ahead of 2012 • 336 churches paid 100%

  14. 2013 Update • Mission Share expenses • Conference - $293,000 below budget • Added $80,000 to reserves • Used $93,000 of reserves to fund Camp Aldersgate and Rolling Ridge • 100% for Africa University • 80% overall General Church Apportionments

  15. 2014 Update • Mission Share receipts through April • $1.51 million vs. $1.65 in 2013 • 8.2% below last year • Mission Share expenses through April • Running below budget

More Related