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2010 Provincial Budget Presentation - Moravian Church_ Southern

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					Moravian Church…..Southern Province


              2010 Provincial
            Budget Presentation
      Financial Board Introductions ….
•   David Stanfield – Chair (New Philadelphia)
•   Joe Landreth – Vice Chair (Friedberg)
•   John Hartley (Raleigh)
•   Brenda Hockaday (Hope)
•   David Shaffner (Home)
•   Art Sorensen (Home)
•   Craig Troutman (Raleigh)
•   Wayne Burkette - PEC
•
2   Kathy Sparks - PEC
      Things we need from you ….

• “report on-time and accurate information”
• COMMUNICATE – Feel free to call us!
• Main 336-722-7922; Donna Hampton 336-531-0025
• Congregational Info forms – update contacts
• Membership Reporting Forms
   – Need to reconcile
   – Age data now collected once every four years
• New hires – need all forms – see the web
• See www.mcsp.org/resources
3
      Treasurer’s Office Due Dates ….

•   Payroll – voucher/check on the 10th
•   Budget – December 15
•   Audit – May 15
•   Provincial Share – monthly
•   Property Insurance – due upon receipt



4
             Facts and Figures ….

• Growth in Provincial Share
    – $118,000, or 0.9% PY, for the last 5 years
    – $459,000, or 1.9% PY, for the last 10 years

• Growth in Church Budgets
    – $1.8M, or 2.7% PY, for the last 5 years
    – $4.0M, or 3.3% PY, for the last 10 years

5
            Facts and Figures ….

• Decline in Church Membership
    – 1,644 members or 2.3% PY - 5 years
    – 2,869 members or 1.9% PY - 10 years

• Churches with Membership “Growth”
    – Last 10 years – 13 Churches
    – Last 5 years – 17 Churches
    – Last year – 27 Churches
6
               Facts and Figures ….

• Provincial Share
    –   20.8% of a Church’s budget - last 10 years
    –   Currently averages – 19.0%
    –   $149 per member in 2000
    –   $203 per member in 2010




7
          2010 Budget Process ….

• Overall responsibility – PFB, but .....
• Guidance given on:
  – Health insurance and other benefits
  – Salary freeze
  – Overall goal – down 5%
• Group meetings – Agency collaboration
• Agency’s Board and PFB approvals
• Does not reflect any effects of restructuring
8
              2010Provincial Budget ….
Total Budget 2010 = $4,074,829
                              2010         2009       Change     % Change

Missions and Outreach       $861,168     $954,466    ($93,298)     -9.8%

Services - Congregations    2,159,621    2,208,286   (48,665)      -2.2%

Ministerial Support          826,154      786,647     39,507        5.0%

Supporting Services          227,886      263,096    (35,210)     -13.4%

Total                      $4,074,829   $4,212,495 ($137,666)      -3.3%

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     2010 Provincial Budget ….

                      Supporting
       Recruiting,     Services      Missions and
      Preparing and      6%           Outreach
       Supporting                        21%
        Ministers
          20%




                                    Services and
                                     Support for
                                   Congregations
                                        53%



10
      2010 Provincial Budget ….
Total Budget                        $4,074,829
Less funding from other sources:
  - Laurel Ridge – camper and
    conference fees                  (939,683)
  - Designated funds                 (150,559)
  - Salem Congregation               (141,836)
  - Investment income                  (65,313)
  - TO charges, contributions, etc.    (61,600)
Congregational Support              $2,715,838
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             2010 Provincial Budget ….
Congregational Support 2010 = $2,715,838
                              2010         2009      Change      % Change

Missions and Outreach       $812,409     $848,509    ($36,100)     -4.3%

Services - Congregations     966,927     1,033,826   (66,899)      -6.5%

Ministerial Support          747,828      685,954     61,874        9.0%

Supporting Services          188,674      195,499     (6,825)      -3.5%

Total                      $2,715,838   $2,763,788   ($47,950)     -1.7%

 12
 Use of funds to support provincial causes….

Missions and Outreach = $812,409

•    Worldwide mission work (BWM)
•    New church development
•    Sunnyside Ministry
•    Prison Ministry
•    Ministry in the Spanish-speaking community
•    Unity causes
13
 Use of funds to support provincial causes….

Services and Support for Congregations = $966,927

•    PEC – triennial reviews, call processes, other issues
•    BCE – curriculum, training, and resources
•    BEHM – re-vitalization and grants
•    Moravian Archives --- Moravian Music Foundation
•    Moravian Ministries Foundation --- IBOC
•    Human Resources ---Laurel Ridge
•    Treasurer’s Office – payroll, benefits, insurance
14
 Use of funds to support provincial causes….

Ministerial Support = $747,828

•    PEC – discerning the call to ministry
•    Ministerial Student Aid
•    Ministers’ moving expenses
•    Moravian Theological Seminary
•    Clergy Pension Plan – also see “Requested Items”
•    Retired ministers’ health insurance
15
 Use of funds to support provincial causes….

Supporting Services = $188,674

•    Financial reporting for agencies
•    Agency payroll and benefits administration
•    Accounting services
•    Annual audit of MCSP
•    Computer/telephone services


16
 Use of funds to support provincial causes….

Requested Items = $222,988

• National and World Council of Churches - $4,677

• Minister’s Pension Fund not included in required
  Provincial Share - $218,311



17
Use of funds to support provincial causes….

 • Pension Plan is “under funded”
    – Was 88.1% - Now 59.5%
 • Plan lost 24.5% or $1.6M in 2008 – assumed +8%
 • Contribution should be $583,000, up $300,000
 • To “freeze” or “not to freeze,” that is the question
 • Contributions are funded in three ways:
    – Monthly charge per pastor - $125 for 2010
    – Provincial Share – “only” up $100,000 for 2010
18  – Remainder added to “Requested” - $218,311
     2010 Provincial Budget – By Agency/Entity

Southern Province Agencies and Causes
•    Provincial Elders’ Conference      $305,535
•    Human Resources                      46,695
•    Treasurer’s Office                  277,566
•    BEHM                                394,272
•    BCE                                 321,770
•    Archives                            115,499
•    Laurel Ridge                         78,850
19
     2010 Provincial Budget – By Agency/Entity

• Synod/Conference                      36,000
• Minister’s Moving Expenses             9,300
• Ministerial Student Aid               74,557
• Retired Ministers’ Insurance        135,800
• Ministers’ Pension Fund (up 50.7%) 297,335
__________________________________________
Total Province (77% of total)       $2,093,179

20
     2010 Provincial Budget – By Agency/Entity

Interprovincial/Affiliated Agencies and Causes
• Board of World Mission              $284,310
• Moravian Theo. Seminary              139,175
• IBOC                                  69,523
• Unity and Other Causes                66,049
• Salem College Dept of Religion        43,602
• Moravian Ministries Foundation        20,000
__________________________________________
Total Inter/Affiliated (23% of total) $622,859
21
     2010 Provincial Budget – By Agency/Entity

Southern Province Causes             $2,093,179
Interprovincial/Affiliated Causes       622,659
Total Provincial Share                2,715,838
 (down $47,950 or 1.7% from 2009)
Total Requested Items                   222,988

Total                                $2,938,826
 (up $20,470 or 0.7% from 2009)

22
       Provincial Share Allocations ….

• Based on “budgets” and “membership”

     – 2009 “Budgets” but we exclude
        • Debt payments
        • Capital expenditures
        • Benevolences

     – 2008 “Membership” = confirmed communicants
23
     Provincial Share Allocations ….

Church A’s net budget = $250,000
All net budgets = $14,250,000
Budget factor is 1.8%
Church A’s membership = 300
Total membership = 13,350
Membership factor is 2.2%
Average is 2.0%; $2,715,838 times 2.0% = $54,317
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The importance of congregational support...

               Shortfall
     Year   Amount       %

     2005   $ 155,850   6.0%
                                  Shortfall
     2006   $ 123,149   4.7%
                                  $860,000
     2007   $ 123,951   4.5%
     2008   $164,102    6.0%
     2009   $292,836    10.6% ?
25
      Questions and Answers ….
• What’s makes up the difference between the
  Total Budget and the Churches’ support?
• Why is pension expense in both “required” and
  “requested” items?
• How can the Provincial Ask or Share for an
  Agency be more than its “Total Cost?”



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           Things to Remember ….

• Take home your “Packets” and read them and
  share them
• They include financial “stuff” such as:
     •   Instruction Letter
     •   2010 Budget Form
     •   2010 “At a Glance” - also on the web
     •   Presentation Slides – also on the web
     •   2008 Audit – also on the web
     •   Book of Order Financial Excerpts
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         Things to Remember ….

• They include other “stuff” such as:
  – Insurance Summary
  – Moravian Music Foundation – CD Order Forms
  – World Mission Lovefeast – Advent
  – Mission:Possible

• 2010 budgets are due December 15, 2009
• Contact us if you want an Excel version

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Thank You …

				
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