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Budget presentation

Council on Finance and Administration. Budget presentation. Mission Share spending limit of $7,022,433 Mission Share apportionment of $7,737,445 2014 Conference Budget as presented. RS120 2014 Budget Resolutions. Spending Shifts New England Missions + Emmaus of SNE

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Budget presentation

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  1. Council on Finance and Administration Budget presentation

  2. Mission Share spending limit of $7,022,433 Mission Share apportionment of $7,737,445 2014 Conference Budget as presented RS120 2014 Budget Resolutions

  3. Spending Shifts • New England Missions + Emmaus of SNE + UMEM + CHCC Director from ¼ to ½ time – State ecumenical counsels – Local church transformation committee – Share ministry programming – Program Staff – previous changes 2014 Budget Proposal

  4. Spending Shifts • Ministry Support + Episcopal office operation – Task Forces 2014 Budget Proposal

  5. Personnel Expenses • Salary increase 1.6% - Change in 2012 CAC consistent with Personnel Committee policy • Pension Cost – Changes from General Conference 2012. Will be discussed at AC by Liaison of General Board. Budget impact - Defined Benefit portion decreases from $6,950 to $5,350 2014 Budget Proposal

  6. Personnel Expenses (cont.) • Health Insurance – Rates staying the same for same coverage • Dental Insurance – New Program • $240 for participant • $1,500 for Church 2014 Budget Proposal

  7. 2014 Budget Proposal • New investments in strategic means of making disciples of Jesus Christ for the transformation of the world.

  8. 1. Congregational Development • $10,500 for Renewals and New Starts • $20,000 for Justice for our Neighbors Strategic Investments 2014

  9. 2. Pastoral Support for Missional Church Development • $20,000 additional funds for Equitable Compensation • $150,000 for pastoral health and pension benefits Strategic Investments 2014

  10. 3. Formation and Training for Lay and Clergy folks in Renewal • $105,000 District Resource Events • $50,000 for Rolling Ridge debt retirement Strategic Investments 2014

  11. 1. $ 10,500 Congo. Development 2. $ 20,000 JFON 3. $ 20,000 Equitable Compensation 4. $150,000 Pension/Health Benefits 5. $105,000 District Resource Events 6. $ 50,000 RR debt retirement = $355,500 NEW INVESTMENT Strategic Investments 2014

  12. Non-Mission Share $ for JFON Sharpened Focus for Renewal Fund 2 Mission Share Relief for New/Renewal Together for Tomorrow Grants Hebrews 11 Fund Grants Strategic Investment 2014

  13. Structural/Procedural Changes • Streamline & Consolidate Grant Process • Collaborative Purchasing • New Grant Development Strategic Investment 2014

  14. Use of Conference Reserves for 2 yrs To Keep Mission Share increases to 3% per year. This is available only as a short term device, because we must maintain adequate reserves to pay the bills. Paying for New Investment

  15. Get on Board with What God is Doing Trust in God’s Providence Move beyond maintenance/survival Take New Risks for the Gospel Reach Out to New People in New Ways Exercise prudent oversight of finances Strategic Investment 2014

  16. Pastor Monthly Co-Pay – increases $20 for Dental, if approved - $215 • Blended Rate – increases $1,500 for Dental, if approved - $16,944. Otherwise, no change - $15,444 • ACH Rate - $15,984 if Dental approved • 5.7% Savings ($960) 2014 Health Insurance

  17. Property – 5 to 8% • Combination of rate and value • Market Prices up 5 to 10% • Hurricane Sandy – $35 Billion+, 2nd costliest • Irene 7th costliest • NE Conference loss ratio 100% • Liability – 1 to 3% • Program runs August to August 2013-14 Property/Liability Insurance

  18. Mission Share receipts • $5.84 million vs. $5.61 in 2011 • $233,000 or 4.2% ahead of 2011 • 2011 was $128,000 behind 2010 • Mission Share expenses • Conference - $508,000 below budget • Added to reserves • used to pay World Missions 2012 Update

  19. Mission Share receipts through April • $1.65 million vs. $1.68 in 2012 • 1.5% below last year • Mission Share expenses through April • Running below budget 2013 Update

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