2017 Budget Terry Montgomery Conference Treasurer April/May, 2016 - PowerPoint PPT Presentation

2017 Budget Terry Montgomery Conference Treasurer April/May, 2016

2017 Apportionments • The Council on Finance and Administration is recommending $14,110,181 in apportionments in 2017. • This is -$700,436 , or – 4.7% less than the 2016 total budgeted apportionments.

2017 Apportionments

IOWA ANNUAL CONFERENCE THE UNITED METHODIST CHURCH 2017 WORKING BUDGET (April 2016) Apportionment Analysis Percent 2013 2014 2015 2016 2017 $ Change Change General Church Apportionments** Episcopal Fund 349,188 351,577 367,572 367,572 367,572 - 0.0% Ministerial Education Fund 413,686 413,365 420,748 420,748 420,748 - 0.0% General Church Administration 145,402 145,305 147,932 147,932 147,932 - 0.0% North Central Jurisdictional Administration 24,263 22,954 22,954 22,954 22,954 - 0.0% Interdenominational Coop Fund 32,338 32,313 32,921 32,921 32,921 - 0.0% World Service Fund 1,204,974 1,204,039 1,225,560 1,225,560 - 0.0% 1,225,560 Black College Fund 165,008 164,880 167,841 167,841 167,841 - 0.0% Africa University 36,926 36,897 37,556 37,556 37,556 - 0.0% Total General Church Apportionments 2,371,785 2,371,330 2,423,084 2,423,084 2,423,084 - 0.0% Allowance for Unpaid Apportionments 368,500 368,000 362,070 484,617 484,617 (0) 0.0% Adjusted General Church Apportionments 2,740,285 2,739,330 2,785,154 2,907,701 2,907,701 (0) 0.0% Conference Ministries Board of Ordained Ministries 49,410 75,723 72,470 93,035 80,123 (12,912) -13.9% Board of Pensions 529,758 218,581 250,535 - - - 0.0% Board of Trustees 782,229 962,543 829,293 504,220 416,320 (87,900) -17.4% Commission on Equitable Compensation 2,025 179,047 181,050 140,000 154,000 14,000 10.0% District Funds 2,777,092 2,853,902 2,853,968 2,840,378 2,796,106 (44,272) -1.6% Clergy Support Ministries 463,311 415,935 455,500 450,000 447,700 (2,300) -0.5% Episcopal Funds 814,767 821,125 816,895 751,974 711,757 (40,217) -5.3% Pastoral Care and Counseling 141,750 155,600 160,530 162,164 162,164 - 0.0% Conference Administrative Committees 274,267 239,128 295,936 263,016 265,206 2,190 0.8% Council on Finance and Administration 903,623 826,853 872,800 805,739 792,097 (13,642) -1.7% Iowa United Methodist Foundation 21,060 - - - - - 0.0% Connectional Ministries Council 973,862 884,390 885,040 912,000 886,712 (25,288) -2.8% Commission on Archives and History 22,960 23,205 23,000 23,000 23,000 - 0.0% Cash Reserves Replenishment - 500,000 500,000 250,000 - (250,000) -100.0% Total Conference Ministries 7,756,114 8,156,032 8,197,017 7,195,526 6,735,185 (460,341) -6.4% Allowance for Unpaid Apportionments 1,819,335 1,913,143 1,678,907 1,606,705 1,531,609 (75,096) -4.7% Adjusted Conference Ministries 9,575,449 10,069,175 9,875,924 8,802,231 8,266,794 (535,437) -6.1% Conference Missions Board of Camp, Conference and Retreat Ministries 583,929 635,546 742,150 791,229 671,316 (119,913) -15.2% Board of Church and Society 1,925 14,107 7,110 6,164 4,734 (1,430) -23.2% Board of Discipleship 19,404 18,962 8,580 6,964 6,000 (964) -13.8% Board of Global Ministries 749,210 701,857 776,717 720,649 741,336 20,687 2.9% Board of Higher Education and Campus Ministries 862,897 898,883 752,658 644,321 635,000 (9,321) -1.4% Board of Laity 6,930 11,469 14,874 12,797 13,650 853 6.7% Commission on Christian Unity and Interreligious Concerns 1,155 - - - - - 0.0% Commission on Ministries with Persons with Disabilities - - - - - - 0.0% Commission on Religion and Race 7,700 28,291 20,700 16,930 31,811 14,881 87.9% Commission on Status and Role of Women 1,155 - 372 800 855 55 6.9% Older Adult Council 4,658 3,479 1,418 500 - (500) -100.0% Young Adult Council - 7,646 - - - - 0.0% Council on Youth Ministries 11,550 19,116 - - - - 0.0% District Councils on Ministries 58,770 79,924 89,596 80,507 70,400 (10,107) -12.6% Emerging Ministries - - 53,648 36,000 - (36,000) -100.0% Matthew 25 Fund 238,700 210,268 214,592 144,000 144,000 - 0.0% Total Conference Missions 2,547,983 2,629,548 2,682,415 2,460,861 2,319,102 (141,759) -5.8% Camp Deficit Reduction 38,500 38,500 - - - - 0.0% Allowance for Unpaid Apportionments 772,588 796,949 670,604 639,824 616,584 (23,239) -3.6% Total Conference Missions 3,359,071 3,464,997 3,353,019 3,100,685 2,935,686 (164,998) -5.3% Recap: General Church Apportionments 2,740,285 2,739,330 2,785,154 2,907,701 2,907,701 (0) 0.0% Conference Ministries 9,575,449 10,069,175 9,875,924 8,802,231 8,266,794 (535,437) -6.1% Conference Missions 3,359,071 3,464,997 3,353,019 3,100,685 2,935,686 (164,998) -5.3% Total 15,674,805 16,273,502 16,014,097 14,810,617 14,110,181 (700,436) -4.73% **General Church Apportionments for 2017 will be determined at the General Conference in Portland, OR on May 10-20, 2016.

IOWA ANNUAL CONFERENCE UNITED METHODIST CHURCH 2017 WORKING BUDGET (April 2016) 2016 Expenses 2017 Expenses Variance 2017 Staff $ % $ % $ FT PT Seasonal Episcopal Fund $ 367,572 3.0% $ 367,572 3.2% $ - 1 Ministerial Education Fund $ 420,748 3.5% $ 420,748 3.7% $ - General Church Administration $ 147,932 1.2% $ 147,932 1.3% $ - North Central Jurisdictional Admin $ 22,954 0.2% $ 22,954 0.2% $ - Interdenominational Coop Fund $ 32,921 0.3% $ 32,921 0.3% $ - World Service Fund $ 1,225,560 10.1% $ 1,225,560 10.7% $ - $ 167,841 1.4% $ 167,841 1.5% $ - Black College Fund $ 37,556 0.3% $ 37,556 0.3% $ - Africa University General Church Total** $ 2,423,084 20.1% $ 2,423,084 21.1% $ - 1 Bishop's Office $ 244,819 2.0% $ 248,451 2.2% $ 3,632 2 1 Finance $ 435,738 3.6% $ 426,080 3.7% $ (9,658) 4 Information Technology $ 241,394 2.0% $ 250,996 2.2% $ 9,602 2 1 HR/Benefits $ 87,285 0.7% $ 103,898 0.9% $ 16,613 2 1 Communications $ 355,050 2.9% $ 347,238 3.0% $ (7,812) 2 1 Building Operations $ 432,119 3.6% $ 323,904 2.8% $ (108,215) 1 Conference Insurance $ 59,000 0.5% $ 55,120 0.5% $ (3,880) Archives $ 23,000 0.2% $ 23,000 0.2% $ - 1 Conference Administration $ 1,878,405 15.6% $ 1,778,687 15.5% $ (99,718) 13 5 District Staff $ 2,596,746 21.5% $ 2,644,285 23.0% $ 47,539 24 District Offices $ 307,432 2.5% $ 211,621 1.8% $ (95,811) District Missions $ 224,507 1.9% $ 214,400 1.9% $ (10,107) Districts $ 3,128,685 25.9% $ 3,070,306 26.8% $ (58,379) 24 CCMC Administration $ 471,922 3.9% $ 415,472 3.6% $ (56,450) 4 1 Camps $ 989,768 8.2% $ 873,658 7.6% $ (116,110) 12 8 Many Higher Educations $ 644,321 5.3% $ 635,000 5.5% $ (9,321) Communities of Faith $ 562,972 4.7% $ 589,404 5.1% $ 26,432 1 2 Social Justice & Institutional Ministries $ 358,081 3.0% $ 361,380 3.1% $ 3,299 4 1 Other $ 149,090 1.2% $ 116,500 1.0% $ (32,590) Conference Missions $ 3,176,154 26.3% $ 2,991,414 26.1% $ (184,740) 21 12 Clergy Support $ 857,999 7.1% $ 865,637 7.5% $ 7,638 1 2 Annual Sessions $ 365,144 3.0% $ 348,243 3.0% $ (16,901) 1 2 Cash Reserve $ 250,000 2.1% $ - 0.0% $ (250,000) Total Expenses $ 12,079,471 100.0% $ 11,477,371 100.0% $ (602,100) 61 21 Allowance for Unpaid Apportionments $ 2,731,146 $ 2,632,810 $ (98,336) Total Apportionments $ 14,810,617 $ 14,110,181 $ (700,436) **General Church Apportionments for 2017 will be determined at the General Conference in Portland, OR on May 10-20, 2016.

General Church $2,423,084 Will be set at the General Conference in Portland, OR on May 10-20, 2016

2017 Apportionment: General Church $2,423,084 (21.1%) • General Church Apportionments Conference Staff: allow us, through our connected FT PT congregations, to accomplish 2017 1 what no single church, district, or annual conference ever could The Resident Bishop hope to do alone. Episcopal Fund $ 367,572 General Church Administration $ 147,932 North Central Jurisdictional Admin $ 22,954 Ministerial Education Fund $ 420,748 World Service Fund $ 1,225,560 Black College Fund $ 167,841 Africa University $ 37,556 Interdenominational Coop Fund $ 32,921

Conference Administration $1,778,687 -$99,718 decrease from 2016

2017 Apportionment: Bishop’s Office $248,451 (2.2%) • The immediate staff who Conference Staff: support the Bishop and FT PT 2017 2 1 the Bishop’s Office. Assistant to the Bishop – Admin Executive Assistant to the Bishop Administrative Assistant (PT)

2017 Apportionment: Finance $426,080 (3.7%) • Responsible for the financial Conference Staff: health of the Iowa Annual FT PT Conference and the Conference Board of Pensions. 2017 4 Treasurer/Director of Admin • Manages $70MM of net assets. Asst. Treasurer/Controller Handles approximately 25,000 Sr. Staff Accountant Staff Accountant transactions annually. • Additional expenses: – Audit ($30K) – Financial software ($30K) – Legal fees ($15K).

2017 Apportionment: Information Technology $250,996 (2.2%) • The IT Department Conference Staff: oversees all computers FT PT and related hardware and 2017 2 software throughout the Director of IT Conference. Systems Technician • The Conference annually spends $50K to update computer hardware. All equipment is updated on a 4-year cycle.