Tuesday, November 13, 2012
Please reference Schedule A and Schedule B for a summary of the conference budget for October 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 ten months of 2012, revenue from church giving to CMF totalled $2,698,571. This was $134,762 or 5% less than budget, and $77,124, or 3% less than the October 2011 total. The amount churches paid to CMF for the month of October was $283,074 and this was $48,708 less than the amount churches paid in October 2011. To reach the 2012 budget goal of $3.4 million, $701,429 is needed over the remaining two months. In 2011, a total of $754,066 was paid by local churches toward CMF over the last two months.