Thursday, December 13, 2012
Please reference Schedule A and Schedule B for a summary of the conference budget for November 2012.
The total annual budget for 2012 shows revenue of $3,400,000 and expenses of $3,050,136. The conference expense budget for 2012 is 8.6% less than total spending of $3,337,689 in 2011. The local churches support the conference budget through the CMF bill.
Through eleven months of 2012, revenue from church giving to CMF totalled $2,968,935 This was $147,732 or 5% less than budget, and $80,956, or 3% less than the November 2011 total. The amount churches paid to CMF for the month of November was $270,364 and this was $3,832 less than the amount churches paid in November 2011. To reach the 2012 budget goal of $3.4 million, $431,065 is needed in December. In 2011, a total of $479,870 was paid by local churches toward CMF in December.