December 2017 EPA Financial Update

Dear Conference,

Below for your information is an overview of the EPA financial data for the period through December 31st, 2017.

Connectional Ministries Fund
  • Church giving for the Connectional Ministries Fund (CMF) was $3,341,464 through December 2017.
  • Local church giving to CMF was $141 thousand more than budget and $165 thousand more than December 2016.
  • Expenses through December 2017 was $2,888,318 that was $218 thousand less than budget.
All Funds
  • The local churches paid $16.07 million or 91% of the total billed to all churches.
  • This is an improvement over the prior year when local churches paid 90% of total billed.
  • The apportioned funds (CMF, WSF and GCF) giving through December 2017 was $5.61 million or 85% of total budget.  The amounts through December 2016 was $5.54 million or 84% of the budget.
Resolution 2012-21 Update
  • The current total from all three components of the resolution is $4.82 million as of December 30, 2017.
  • The updated figures from Fulfilling Our Covenant are as follows:
    • 1)     $3.93 million pledged
    • 2)     $3.45 million paid (88% of total pledged)