September 2018 EPA Financial Update

Dear Conference,
Below for your information is an overview of the EPA financial data for the period through September 30, 2018.
Connectional Ministries Fund

Church giving for the Connectional Ministries Fund (CMF) was $2,500,345 through September 2018.

Local church giving to CMF was $243 thousand more than budget and $164 thousand more than September 2017.

Expenses through September 2018 was $1,961,740 that was $288 thousand less than the year-to-date budget and $226 thousand less than September 2017.

All Funds

The local churches paid $10.49 million or 62% of the total billed of $16.78 million to all churches.

This is consistent with the prior year when local churches paid $11.30 million 64% of total billed of $17.67 million.

The apportioned funds (CMF, WSF and GCF) giving through September 2018 was $3.84 million or 58% of total budget. The amount through September 2017 was $3.92 million or 59% of the budget.

Resolution 2018-24 (Previously 2012-21) Update

The current total from all three components of the resolution is $5.63 million as of September 30, 2018. Pledge payments of $72 thousand have been received from January 1, 2018 to September 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)