Through five months of 2014 giving from local churches to CMF was $1,244,599. This was $172,068 less than budget and $54,883 less than the amount received from May 2013. An analysis after five months shows that 222 churches, 53% are on budget. However, there are 134 churches or 32% that are more than three months behind. Seventy-six(76) churches have paid zero through five months toward CMF. The district offices and CCFA are kept abreast of this and will follow up.
The conference expense budget was managed very effectively in 2013 by all committee, boards, agencies and others. Total expenses were $2,749,881, $100,255 or 3.5% less than the 2013 budget of $2,850,136, and $156,994 or 5.4% less than 2012 expenses. In addition, the 2013 conference budget included a line item of $549,864 to be directed to the Pre-82 Unfunded Liability. The good news is that 2013 ended producing $529,298 to the Pre-82 Pension Liability only $20,566 or 3.7% short of the budget goal. Lower expenses helped to offset the shortfall in giving. In the first two years under resolution 2012-21, the conference budget directed a total of $731,381 to the Pre-82 Pension Liability.
Through five months of 2014, conference expenses totaled $1,134,888, and were $90,442, 7.0% less than budget. For cost center budgets, reference Schedule B.
Church Giving All Funds – Schedule C
Update Resolution 2012-21
As to the strategy in the resolution on church sales, since the resolution was passed there have been four church sales that generated net proceeds of $398,516. Fifty percent (50%) or $199,258 has been directed to the Pre-82 Pension Liability and the balance in the account as of May 31, 2014 is $213,171.
A total, from these two strategies directed to the Pre-82 unfunded liability after two years is $980,247. Fulfilling Our Covenant Stewardship Campaign is the third strategy included in Resolution 2012-21. The goal was to raise a minimum of $3 million.
As of June 13, 2014, a total of $3.724,126 has been pledged from individuals and churches and $1,025,487 has been paid. From this total, $853,957 belongs to the campaign and $171,530 goes back to the churches that conducted a local campaign. To date, expenses are $352,465 and payments to churches totaled $149,021. Separate accounts for each fund are established at Fulton Bank and managed by the Mid Atlantic Foundation of the United Methodist Church.
2013 Audited Statements