Dear Friends, below for your information is an overview of the EPA financial data for the period through March 2016.
February 2016 EPA Financial Update
Overall, EPA will bill $17.5 million to its churches in 2016, $10.9 million for benefits and insurance, and $6.6 million for Conference and Denomination ministries. Of this amount, the EPA churches have paid $2.1 million to the Conference through February 2016, slightly ahead of the payment rate for 2015. The Connectional Ministries Fund received $441 thousand, or 12% of the annual billed amount. Read more
2015 Year-end Financial Update
Overall, EPA billed $18.1 million to its churches in 2015, $11.6 million for benefits and insurance, and $6.5 million for Conference and Denomination ministries. Of this amount, the EPA churches paid $16 million to the Conference, leaving the Conference $2.1 million short of the amount billed. The Connectional Ministries Fund only received $3.156 million, limiting the funds available to pay for EPA ministries and the operation of the District Offices. This represents an 84.6% collection rate, the lowest rate that I can find in EPA’s recent history. Contributions toward Retired Clergy and Health Obligations was short by $337,100 and collections toward Property and Liability Insurance and Clergy Group Insurance were each short by over $200,000.
“Fulfilling Our Covenant” Capital Campaign September Update
Resolution 2012-21 Second Tier Dear Church Leader: If your church has pledged and is meeting its commitment to the Eastern Pennsylvania Conference’s “Fulfilling Our Covenant” Capital Campaign, we earnestly thank you for your faithfulness to this collective stewardship effort. Along …