May 2017 EPA Financial Update

Dear Conference, below for your information is an overview of the EPA financial data for the period through May 2017.

Connectional Ministries Fund
  • Church giving for the Connectional Ministries Fund (CMF) was $1,291,827 through May 2017.
  • Local church giving to CMF was $73 thousand more than budget and $113 thousand more than May 2016.
  • Expenses through May 2017 was $1,135,087 which was $230 thousand less than budget.
All Funds
  • The local churches paid $6.2 million or 35% of the total billed to all churches.
  • This is an improvement over the prior year when local churches paid 34% of total billed.
  • The apportioned funds (CMF, WSF and GCF) giving through May 2017 was $2.16 million or 33% of total budget.
  • The amounts through May 2016 was $2.06 million or 31% of the budget.
Resolution 2012-21 Update
  • The current total from all three components of the resolution is $3.4 million as of April 30, 2017.
  • The updated figures from Fulfilling Our Covenant are as follows:
    • 1)      $3.9 million pledged
    • 2)      $3.3 million paid