Dear Friends, below for your information is an overview of the EPA financial data for the period through April 2016. Church Giving Report Schedule 1 is the Church Giving Report. This report shows the amount of money that EPA has billed all of …
Dear Friends, below for your information is an overview of the EPA financial data for the period through March 2016.
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
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.