December 2011 Financial Update

Vine and brances

Financial Update – December 2011

Conference Budget

Please reference Schedule A and Schedule B for a summary of the conference budget for the years 2009-2011. Schedule E provides additional analysis for 2012 expenses.

The total annual budget for 2011 is $3.5 million. The local churches support the conference budget through the Connectional Ministries Fund (CMF) bill.  For 2011, the conference managed a bottom line surplus of $186 thousand. This was made possible through the faithful giving of local churches, especially in December, and a concerted effort by management to reduce programming expenses during the 2nd half of the year.

Churches gave 25% more for CMF during the last quarter compared to the amounts from the last quarter of 2010. December giving alone totalled $473 thousand, an increase of $155 thousand from December 2010.  Sixty seven percent (67%) of all churches paid 100% or more for CMF in 2011. As a result of Bishop Johnson’s appeal fifty seven (57) churches paid more than 100% for CMF.

Expenses totalled $3.338 million and were $162 thousand less than budget and $216 thousand less than expenses from 2010.  Schedule B provides details of cost center budgets.

Church Giving – All Funds

The total scope of the budget dollars for all funds is $20.9 million.  The CMF budget is the only fund on the local church remittance form supporting expenses for the annual conference. The other two apportioned funds, World Service and General Church amounts are to support various ministries domestically and around the world.  (For more information:  All conferences in the United States receive a budget from the General Church for these two funds. All of the other funds churches pay into are for benefits for clergy and lay; pensions, health insurance, property and liability, vehicle insurance, workers compensation.

Please reference Schedule C for a summary update of church giving, as of December 31, 2011, with comparative data for 2010 and 2009. Giving for the three apportioned funds totalled $6.1 million, 85% of the annual budget total of $7.2 million.  The level of giving for the apportioned funds has remained relatively flat over the past three years 2009-2011, a total of $6.1 million or 85% of the total budget.

World Service Fund (WSF) is the financial lifeline to a long list of Christian mission and ministry throughout the denomination.  The Fund helps to build new churches, funds missionaries, expands bible studies and provides leadership for youth ministry. In 2011, local churches paid $1.371 million for WSF or 85% of the amount apportioned and 95% of the amount requested by GCFA of $1.441 million.

There are six funds that make up the General Church Fund (GCF) apportioned to local churches: Ministerial Education Fund, Black College Fund, Africa University Fund, Episcopal Fund, General Administration and the Interdenominational Cooperation Fund. In 2011, local churches paid a total of $1.201million for GCF or 84% of the amount apportioned and 90% of the amount requested by GCFA of $1.324 million.

For 2011, a total of $11.7 million was received for the ten billed funds for Pension, Health Insurance, Property and Liability, Vehicle Insurance and Workers Compensation. This represented 91% of the 2011 budget of $12.8 million. Please reference Schedule D for an analysis of church giving.

In 2011, forty eight percent (48%) of churches paid 100% or more of all funds billed, compared to 2010 when sixty three (63%) of churches paid 100% for all funds. There were forty nine (49) churches or 11% of the total churches that paid less than 50% of all funds billed.   The Conference supports churches with unpaid balances by continuing to pay providers of Pension and Insurance without any change in coverage to clergy and lay participants.

Schedule E is a comparison of Eastern Pennsylvania Conference Ministries (CMF, World Service, and General Church) for the years 2010, 2011, and 2012.