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2015 Budget Proposal and Strategic Investments for Council on Finance and Administration

The 2015 Budget Proposal for the Council on Finance and Administration outlines a total Mission Share spending limit of $7,056,363 and apportions $7,966,408. The budget emphasizes strategic investments aimed at enhancing spiritual life, leadership development, and diversity within the mission. Key allocations include $150,000 for pension/health benefits and $355,500 for new investments. The proposal promotes trusting God’s providence and engaging new communities while ensuring prudent financial oversight. Updates on Mission Share receipts and expenses are also provided, highlighting the financial health of the organization.

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2015 Budget Proposal and Strategic Investments for Council on Finance and Administration

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  1. Budget presentation Council on Finance and Administration

  2. 2015 Budget Resolutions • Mission Share spending limit of $7,056,363 • Mission Share apportionment of $7,966,408 • 2015 Conference Budget as presented

  3. Strategic Investments 2014 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

  4. Paying for New Investment • 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.

  5. Strategic Investment 2014 • 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

  6. 2015 Budget Proposal • New England Missions – Transition Year • Our Five Critical Values + Spiritual Life + Vital Faith Communities + Diversity/Inclusivity + Leadership Development + Stewardship

  7. 2015 Budget Proposal • Program Staff – all 5 areas • Spiritual Life Programming - $7,000 • CBGM, VIM/ERT Training - $1,500 • Africa Planning Committee – Transfer • Higher Education/Campus Ministry – ($8,000) • Youth Ministry - $5,000 • Religion and Race – (5,000) • Sexual Ethics Response Team - $8,000

  8. 2015 Budget Proposal • Personnel Expenses • Salary increase 2.7% - Change in 2013 CAC Requested by Personnel Committee and consistent with policy • 1% increase – 2015 policy for merit and other factors

  9. 2015 Budget Proposal • Other Changes + Communication Technology + Sexual Ethics Training + Legal • World Mission • Auditing • Task Forces

  10. 2015 Health Insurance • HealthFlex Replacement Plan • $250 increase in deductible • Slightly lower premium costs • Monthly Co-Pay – decreases $10 to $205 • Blended Rate – no change - $16,944 • ACH Rate - $15,984 • 5.7% Savings ($960)

  11. 2015 Retiree Health Insurance • GBOPHB - exiting retiree health insurance • Offering program of help with individual plans (One Exchange) • CBOP – will offer a group health insurance plan • More details to follow after Clergy Session

  12. 2014-15 Property/Liability Insurance • Construction Costs – 3-6% • Identifying undervalued churches • Over 50% current dollar losses related to severely cold winter • 2014 – 2015 overall increase 5–7%, premium and property values

  13. 2013 Update • Mission Share receipts • $5.92 million vs. $5.84 in 2012 • $75,000 or 1.3% ahead of 2012 • 336 churches paid 100%

  14. 2013 Update • Mission Share expenses • Conference - $293,000 below budget • Added $80,000 to reserves • Used $93,000 of reserves to fund Camp Aldersgate and Rolling Ridge • 100% for Africa University • 80% overall General Church Apportionments

  15. 2014 Update • Mission Share receipts through April • $1.51 million vs. $1.65 in 2013 • 8.2% below last year • Mission Share expenses through April • Running below budget

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