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Budget presentation

Budget presentation. Council on Finance and Administration. 2015 Budget Resolutions. Mission Share spending limit of $7,056,363 Mission Share apportionment of $7,966,408 2015 Conference Budget as presented. Strategic Investments 2014. 1. $ 10,500 Congo. Development 2. $ 20,000 JFON

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Budget presentation

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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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