June 2018 EPA Financial Update

Dear Conference,
Below for your information is an overview of the EPA financial data for the period through June 30, 2018.
Connectional Ministries Fund
  • Church giving for the Connectional Ministries Fund (CMF) was $1,757,690 through June 2018.
  • Local church giving to CMF was $253 thousand more than budget and $207 thousand more than June 2017.
  • Expenses through June 2018 was $1,285,343 that was $199 thousand less than the year-to-date budget and $160 thousand less than June 2017.
All Funds
  • The local churches paid $7.41 million or 44% of the total billed of $16.78 million to all churches.
  • This is an increase from the prior year when local churches paid $7.47 million 42% of total billed of $17.67 million.
  • The apportioned funds (CMF, WSF and GCF) giving through June 2018 was $2.71 million or 41% of total budget. The amount through May 2017 was $2.61 million or 39% of the budget.
Resolution 2012-21 Update
  • The current total from all three components of the resolution is $5.14 million as of June 30, 2018. Pledge payments of $72 thousand have been received from January 1, 2018 to June 30, 2018.
  • The updated figures from Fulfilling Our Covenant are as follows:
    • 1)     $3.93 million pledged
    • 2)     $3.46 million paid (88% of total pledged)