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Welcome

Welcome. Apportionments. John Tate, Conference Treasurer. Definitions. Apportionment means distribution or allotment in proper shares. ~Wikkipedia Methodist Definition A tax The first thing cut from the local church budget

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Welcome

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Presentation Transcript

  1. Welcome

  2. Apportionments John Tate, Conference Treasurer

  3. Definitions • Apportionment means distribution or allotment in proper shares. ~Wikkipedia Methodist Definition • A tax • The first thing cut from the local church budget • Money withheld to show displeasure with the Bishop, D.S., or any other entity within the Holston Conference.

  4. Apportionments

  5. Fair Share Calculations • Inputs • Annual Conference Budget • Table II Information • District Funds • Church Staff Compensation • Housing Allowance & Expenses • Church Programming Expense • 10% Cap on increase and decrease

  6. Apportionment Inputs Preliminary

  7. A/B=C C Adjusted for cap=D D*E=Church Apportionment A=Conference Budget B=Total Church Spending C=Unadjusted Decimal D=Adjusted Decimal E=Local Church Spending (Lines 56, 64-72)

  8. 2008 Apportionments • Local Church Spending 4.51% • Initial estimates: • 584 churches with reductions • 317 churches with increases

  9. Financials & Budget Sandra Davis, CCFA President

  10. 2006 Results • 88.03% Lowest Collection Rate • $35,000 more collected in 2006 vs. 2005 • 681 churches paid 100% • 27 churches paid $0 • $1.8 million shortfall • Pension Funding • Health Insurance Funding • Higher Education Funding • Ministries

  11. 2007 Allocation of Costs • Review of Chart • Over 50% of costs for apportionments are returned to the local church in support of local pastor • Pensions • Health Insurance • Pastoral Counseling • Board of Ordained Ministry • Church Extension Grants

  12. Holston Conference 2008 Budget $15,736,366

  13. Budget 2008 • Expectation of 100% Collections • Eliminated shortfall planning • Collections are 90%, ministries will suffer • Reduced apportioned amount by $100,000 over 2007 • Eliminating shortfall $400,000 budget in 2007 • 0% Health Insurance premium increase

  14. 2008 Budget Highlights • Personnel Costs • No new positions • $60,000 increase in personnel costs • Operating Costs • $140,000 Increase in programs over 2007 • Total Spending • 1.96% increase in overall spending $302,193 • Significant increases in support of local church and ministries

  15. 2008 Notable Increases

  16. Pensions & Health Insurance Charlie Harr, Chairman

  17. Health Insurance • Program is not attractive to Healthy Individuals • $15,360 for family coverage • $5,688 for individual coverage • Only 80% of eligible pastors participate in health insurance program

  18. Reducing Costs to Pastors • Collecting 100% of Apportionments • Retiree Health Coverage • Increasing participation among pastors • Leveraging reserve funds

  19. Retiree Health Insurance Proposal • Maintaining on-going financial viability • Program Highlights • BCBS Supplement • Medicare Part D Prescription Program • No changes to dental coverage • Obstacles • Fear of change and misinformation • Communication

  20. Future Cost Saving Options • Pensions funding and liability • Raising out of pocket maximums • Redistributing the cost sharing of health insurance • Mandatory health insurance (100% participation) • Direct Billing

  21. The End

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