Dear Conference,
Below for your information is an overview of the EPA financial data for the period through May 30, 2018.
Connectional Ministries Fund
Church giving for the Connectional Ministries Fund (CMF) was $1,335,236 through May 2018.
Local church giving to CMF was $125 thousand more than budget and $43 thousand more than May 2017.
Expenses through May 2018 was $965,280 that was $271 thousand less than the year-to-date budget and $170 thousand less than May 2017.
All Funds
The local churches paid $5.68 million or 34% of the total billed of $16.86 million to all churches.
This is a slight percentage decrease from the prior year when local churches paid $6.23 million 35% of total billed of $17.67 million.
The apportioned funds (CMF, WSF and GCF) giving through May 2018 was $2.06 million or 31% of total budget. The amount through May 2017 was $2.17 million or 33% of the budget.
Resolution 2012-21 Update
The current total from all three components of the resolution is $5.14 million as of May 31, 2018. Pledge payments of $59 thousand have been received from January 1, 2018 to May 31, 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)