Treasurers Report Terry Montgomery Conference Treasurer June 6, - PowerPoint PPT Presentation

Treasurer’s Report Terry Montgomery Conference Treasurer June 6, 2014

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2014 Audit • The 2014 Audited Financial results are available: http://www.iaumc.org/financeadministration • McGowen, Hurst, Clark & Smith P.C from West Des Moines

2014 Statistics • Professing membership was 165,318 , a decrease of -3,369 (-2.0%) • Average weekly worship attendance was 50,887 , a decrease of -2,888 (-5.4%) • Local Church income for annual spending was $83,947,193 this was flat to prior year

Strategic Priorities: 1. Creating World-Transforming Communities of Faith A. Establishing new communities of faith B. Increasing vitality in existing communities of faith 2. Equipping Ourselves and Others as Transformational Leaders A. Equipping lay leadership to disciple others and transform the world B. Equipping clergy leadership to disciple others and transform the world 3. Directing Our Resources to Our Common Goals A. Developing and implementing an effective communications ministry B. Aligning organizational structures and staffing resources for the sake of the mission and vision. C. Increasing the financial health of the Iowa Conference

Increasing the financial health of the Iowa Conference ��������������������

2016 Budget

2016 Apportionments • The Council on Finance and Administration is asking the Conference for $14,810,617 in apportionments in 2016. • This is - $1,203,480 , or – 8.1% less than the 2015 total budgeted apportionments.

IOWA ANNUAL CONFERENCE THE UNITED METHODIST CHURCH 2016 WORKING BUDGET Apportionment Analysis Percent 2012 2013 2014 2015 2016 $ Change Change General Church Apportionments Episcopal Fund 379,270 349,188 351,577 367,572 367,572 - 0.0% Ministerial Education Fund 413,109 413,686 413,365 420,748 420,748 - 0.0% General Church Administration 142,206 145,402 145,305 147,932 147,932 - 0.0% North Central Jurisdictional Administration 24,263 24,263 22,954 22,954 22,954 - 0.0% Interdenominational Coop Fund 32,700 32,338 32,313 32,921 32,921 - 0.0% World Service Fund 1,245,124 1,204,974 1,204,039 1,225,560 1,225,560 - 0.0% Black College Fund 164,770 165,008 164,880 167,841 167,841 - 0.0% Africa University 36,877 36,926 36,897 37,556 37,556 - 0.0% Total General Church Apportionments 2,438,319 2,371,785 2,371,330 2,423,084 2,423,084 - 0.0% Allowance for Unpaid Apportionments 378,229 368,500 368,000 362,070 484,617 122,547 33.8% Adjusted General Church Apportionments 2,816,548 2,740,285 2,739,330 2,785,154 2,907,701 122,547 4.4% Conference Ministries Board of Ordained Ministries 45,360 49,410 75,723 72,470 93,035 20,565 28.4% Board of Pensions 797,850 529,758 218,581 250,535 - (250,535) -100.0% Board of Trustees 856,980 782,229 962,543 829,293 504,220 (325,073) -39.2% Commission on Equitable Compensation 118,260 2,025 179,047 181,050 140,000 (41,050) -22.7% District Funds 2,423,058 2,777,092 2,853,902 2,853,968 2,840,378 (13,590) -0.5% Clergy Support Ministries 382,685 463,311 415,935 455,500 450,000 (5,500) -1.2% Episcopal Funds 772,432 814,767 821,125 816,895 751,974 (64,921) -7.9% Pastoral Care and Counseling 155,174 141,750 155,600 160,530 162,164 1,634 1.0% Conference Administrative Committees 247,332 274,267 239,128 295,936 263,016 (32,920) -11.1% Council on Finance and Administration 775,170 903,623 826,853 872,800 805,739 (67,061) -7.7% Iowa United Methodist Foundation 27,540 21,060 - - - - Connectional Ministries Council 947,133 973,862 884,390 885,040 912,000 26,960 3.0% Commission on Archives and History 22,959 22,960 23,205 23,000 23,000 - 0.0% Cash Reserves Replenishment 81,000 - 500,000 500,000 250,000 (250,000) -50.0% Total Conference Ministries 7,652,933 7,756,114 8,156,032 8,197,017 7,195,526 (1,001,491) -12.2% Allowance for Unpaid Apportionments 1,795,135 1,819,335 1,913,143 1,678,907 1,606,705 (72,202) -4.3% Adjusted Conference Ministries 9,448,068 9,575,449 10,069,175 9,875,924 8,802,231 (1,073,693) -10.9% Conference Missions Board of Camp, Conference and Retreat Ministries 583,929 583,929 635,546 742,150 791,229 49,079 6.6% Board of Church and Society - 1,925 14,107 7,110 6,164 (946) -13.3% Board of Discipleship 19,404 19,404 18,962 8,580 6,964 (1,616) -18.8% Board of Global Ministries 770,000 749,210 701,857 776,717 720,649 (56,068) -7.2% Board of Higher Education and Campus Ministries 758,450 862,897 898,883 752,658 644,321 (108,337) -14.4% Board of Laity 10,010 6,930 11,469 14,874 12,797 (2,077) -14.0% Commission on Christian Unity and Interreligious Concerns 770 1,155 - - - - Commission on Ministries with Persons with Disabilities - - - - - - Commission on Religion and Race 30,800 7,700 28,291 20,700 16,930 (3,770) -18.2% Commission on Status and Role of Women 1,155 1,155 - 372 800 428 115.1% Older Adult Council 4,658 4,658 3,479 1,418 500 (918) -64.7% Young Adult Council 13,090 - 7,646 - - - Council on Youth Ministries 11,550 11,550 19,116 - - - District Councils on Ministries 67,644 58,770 79,924 89,596 80,507 (9,089) -10.1% Emerging Ministries - - - 53,648 36,000 (17,648) -32.9% Matthew 25 Fund 238,700 238,700 210,268 214,592 144,000 (70,592) -32.9% Total Conference Missions 2,510,160 2,547,983 2,629,548 2,682,415 2,460,861 (221,554) -8.3% Camp Deficit Reduction 77,000 38,500 38,500 - - - Allowance for Unpaid Apportionments 772,790 772,588 796,949 670,604 639,824 (30,780) -4.6% Total Conference Missions 3,359,950 3,359,071 3,464,997 3,353,019 3,100,685 (252,334) -7.5% Recap: General Church Apportionments 2,816,548 2,740,285 2,739,330 2,785,154 2,907,701 122,547 4.4% Conference Ministries 9,448,068 9,575,449 10,069,175 9,875,924 8,802,231 (1,073,693) -10.9% Conference Missions 3,359,950 3,359,071 3,464,997 3,353,019 3,100,685 (252,334) -7.5% Total 15,624,566 15,674,805 16,273,502 16,014,097 14,810,617 (1,203,480) -7.52%

IOWA ANNUAL CONFERENCE UNITED METHODIST CHURCH 2016 WORKING BUDGET 2015 Expenses 2016 Expenses Variance 2016 Staff $ % $ % $ FT PT Seasonal Episcopal Fund $ 367,572 2.8% $ 367,572 3.0% $ - 1 Ministerial Education Fund $ 420,748 3.2% $ 420,748 3.5% $ - General Church Administration $ 147,932 1.1% $ 147,932 1.2% $ - North Central Jurisdictional Admin $ 22,954 0.2% $ 22,954 0.2% $ - Interdenominational Coop Fund $ 32,921 0.2% $ 32,921 0.3% $ - World Service Fund $ 1,225,560 9.2% $ 1,225,560 10.1% $ - Black College Fund $ 167,841 1.3% $ 167,841 1.4% $ - Africa University $ 37,556 0.3% $ 37,556 0.3% $ - General Church Total $ 2,423,084 18.2% $ 2,423,084 20.1% $ - 1 Bishop's Office $ 289,453 2.2% $ 244,819 2.0% $ (44,634) 2 1 Finance $ 482,482 3.6% $ 435,738 3.6% $ (46,744) 4 Information Technology $ 247,150 1.9% $ 241,394 2.0% $ (5,756) 2 HR/Benefits $ 321,467 2.4% $ 87,285 0.7% $ (234,182) 2 Communications $ 360,975 2.7% $ 355,050 2.9% $ (5,925) 2 Building Operations $ 743,741 5.6% $ 432,119 3.6% $ (311,622) 1 1 Conference Insurance $ 55,000 0.4% $ 59,000 0.5% $ 4,000 Archives $ 23,000 0.2% $ 23,000 0.2% $ - 1 Conference Administration $ 2,523,268 19.0% $ 1,878,405 15.6% $ (644,863) 13 3 District Staff $ 2,568,448 19.3% $ 2,596,746 21.5% $ 28,298 24 District Offices $ 374,305 2.8% $ 307,432 2.5% $ (66,873) District Missions $ 304,188 2.3% $ 224,507 1.9% $ (79,681) Districts $ 3,246,941 24.4% $ 3,128,685 25.9% $ (118,256) 24 CCMC Administration $ 422,860 3.2% $ 471,922 3.9% $ 49,062 4 1 Camps $ 1,031,433 7.8% $ 989,768 8.2% $ (41,665) 12 8 Many Higher Educations $ 752,658 5.7% $ 644,321 5.3% $ (108,337) Communities of Faith $ 586,456 4.4% $ 562,972 4.7% $ (23,484) 1 2 Social Justice & Institutional Ministries $ 383,167 2.9% $ 358,081 3.0% $ (25,086) 4 1 Other $ 184,966 1.4% $ 149,090 1.2% $ (35,876) Conference Missions $ 3,361,540 25.3% $ 3,176,154 26.3% $ (185,386) 21 12 Clergy Support $ 875,853 6.6% $ 857,999 7.1% $ (17,854) 1 2 Annual Sessions $ 371,816 2.8% $ 365,144 3.0% $ (6,672) 1 2 Cash Reserve $ 500,000 3.8% $ 250,000 2.1% $ (250,000) Total Expenses $ 13,302,502 100.0% $ 12,079,471 100.0% $ (1,223,031) 61 19 Allowance for Unpaid Apportionments $ 2,711,595 $ 2,731,146 $ 19,551 Total Apportionments $ 16,014,097 $ 14,810,617 $ (1,203,480)

General Church 3.0% 2.1% 7.1% 20.1% 26.3% 15.6% 25.9% $2,423,084 No change from 2015

2016 Apportionment: General Church $2,423,084 (20.1%) • General Church Apportionments Conference Staff: allow us, through our connected FT PT congregations, to accomplish 2016 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