Moravian Church Stewardship Presentation 2018 - Key Points and Methods
"Discover essential details from the 2018 Stewardship Presentation of the Moravian Church Southern Province, including insights on budgeting, share methodology, worship attendance, income evaluation, relief granted, and more. Gain valuable knowledge to enhance your church's stewardship practices."
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Presentation Transcript
2018 STEWARDSHIP PRESENTATION MORAVIAN CHURCH SOUTHERN PROVINCE
2019 PROVINCIAL BUDGET
2019 Provincial Share SYNOD 2018 RESOLUTION 10
New Share Methodology Resolution 10 . (4) Tiers Percentage set for (4) years Point System Based on previous year s Line 1 income
Average Worship Attendance Average Attendance >150 >125; <150 >80; <125 >50<80 <50 Points 4 3 2 1 0
Line 1 Income Line 1 Income Points > $250,000 4 3 2 1 0 > $180,000; < $250,000 > $140,000; < $180,000 > $75,000; < $140,000 < $75,000
Years Relief Granted Relief 4 years 3 years Points -4 -3 2 years 1 year -2 -1
Meets Share Obligation Meets Share Obligation Always Struggles Does Not Points 3 2 1
Transfers From or To Investments Reserves To From Neither Points 3 -1 0
Reserve Cushion How long can your church cover operating expenses if you have to live off of Funds ?
Reserve Cushion % of OperatingExpenses Example: Total Unrestricted Reserves = $550,000 Total Operating Expenses = $150,000 $550,000/$150,000 = 3.67 3.67 is added to your total points
Unrestricted Reserves Cash (Checking, Savings & Money Market Accounts) Funds that support operations Unrestricted funds and endowments Board designated funds and endowments
Percentage Adjusted % 2019 19.25 16.25 13.25 11.25 Points Ranges > 10 pts <10->7.5 pts <7.5->2.25 pts <2.25 pts Target % 18 15 12 10
Advantages Percentage calculated for 4 years Points measure health of congregation and their ability to pay. Prior formula penalizes the smaller churches while benefiting the large. Churches are not penalized for using investments to stay viable
2019 Provincial Share 2019 Calculated Provincial Share $1,953,064 2018 Provincial Share $2,174,885 Reduction in Budgets) (221,821)
2019 PROVINCIAL SHARE STEP DOWN APPROACH
2019 Provincial Share Stepdown Approach 2019 Adjusted Share Less 7 % Shortfall 2019 Budgeted Share Dollars (149,492) $1,986,112 $2,135,604 Adjusted Share Reduction $(70,553)
Pre-Relief.. 6 churches Total $31,272 Balance of Shortfall $118,220
Where Your Share Dollars Go. Support for Pastors $686,163 Mission and Outreach $453,367 Support for Congregations $964,802 $330,811 $350,000 $300,000 $210,967 $225,818 $250,000 $188,064 $187,524 $202,924 $200,000 $69,542 $110,506 $101,737 $131,802 $150,000 $105,811 $36,820 $56,840 $100,000 $58,643 $24,037 $38,452 $19,962 $50,000 $4,072 $-
2019 Total Provincial Budget 2019 2018 Change % Missions/Outreach $ 418,061 $ 429,275 (11,214) -2.6% Church Support 1,856,346 1,926,649 (70,303) -3.6% Ministerial Support 810,918 873,019 (62,101) -7.1% Supporting Services 225,824 231,565 (5,742) -2.5% Total $3,311,149 $3,460,508 (149,360) -4.3%
2019 PROVINCIAL BUDGET 13% 7% Supporting Services Missions and Outreach 24% Ministerial Support 56% Church Support
2019 Provincial Budget Provincial Share Other Revenue Items: Charitable Remainder Trust Laurel Ridge Investment Income & Transfers 236,657 Contributions 101,500 Financial Office/HR Charges Salem Congregation Monthly Pension Charge 96,600 Sale of Literature & Guest Services 7,150 Total Other Total Revenue$3,311,148 $1,986,112 17,860 653,814 111,588 99,867 $1,325,036
2019 Budget Process Major Factors: 45% increase in Ministerial Student Aid Synod 2022 Budget -$100 charge per delegate Paycor 7% increase in fees 25% increase in property insurance 7% shortfall budgeted Retirement funding 15.5% decrease Agency employees salaries frozen Salem Congregation 10% rent decrease Cedarhyrst and Boys School
Reminders Budgets are due December 15th File for Sales Tax Refunds Review the values placed on your property in your insurance booklet. Keep the book for claim references. Distribute share graph to your congregation Health Insurance renewal January 1, 2019. Enrollment meetings in November Safety seminar October 27th, 10am 2pm, Home Moravian We have a new website!
Audits Due date: April 15th Resolved, If the data required by the Provincial Share Formula is not delivered by July 31 of any year, prior year data will be used to compute Provincial Share. Current data if received may be used at the discretion of the PSSB Policy made and Approved September 16, 2018 by PSSB
Audits List all Investment and Endowment Be specific on Restrictions Is it Board or Donor Restricted? Separate Principle and Income on Endowments.
Provincial Share Payments are due monthly. Problems? Call me! 336-793-0093 Pay something . Send a letter to the PEC if you need to request relief or an adjustment
