Dear Conference,
Below for your information is an overview of the EPA financial data for the period through July 2017.
Connectional Ministries Fund
Church giving for the Connectional Ministries Fund (CMF) was $1,794,051 through July 2017.
Local church giving to CMF was $85 thousand more than budget and $114 thousand more than July 2016. Expenses through July 2017 was $1,753,975 that was $150 thousand less than budget.
All Funds
The local churches paid $8.65 million or 49% of the total billed to all churches. This is an improvement over the prior year when local churches paid 48% of total billed.
The apportioned funds (CMF, WSF and GCF) giving through July 2017 was $3.01 million or 45% of total budget. The amounts through July 2016 was $2.94 million or 45% of the budget.
Resolution 2012-21 Update
The current total from all three components of the resolution is $3.6 million as of July 31, 2017. The updated figures from Fulfilling Our Covenant are as follows:
- $3.9 million pledged
- $3.3 million paid