In July, CFA determined that our projected apportionment receipts for 2018 would be inadequate to meet our budgeted expenses for the year. CFA carefully reviewed the Conference’s financial health and considered our limited options at that meeting. A decision was made to reduce the planned spending by 10% for each board and agency of the Conference. CFA will continue to encourage apportionment giving throughout the Conference and promote our various ministries.
Through September, Apportionment Receipts were $4,128,960, or 49.9% of Gross Apportionments billed to local churches (62.2% of Net Apportionments). This is 2.1% lower than where we were in September 2017. We believe that a factor in this decrease is the change to a different apportionment website. Our previous website was discontinued by the vendor so we moved to using Ezra in July. The transition had challenges but we believe that the new website will be beneficial to our churches and finance office.
We are thankful to the 33 churches who have already paid their 2018 apportionments in full! We are asking all of our churches to support our Connectional Ministries by giving monthly to Apportionments, and if you can, give above and beyond your apportionment asking for the year!
Our Total Expenses through the third quarter were $4,933,702, which is 74.4% of our budgeted expenses for the year. The Apportionment Receipts less Expenses leaves us with a deficit of $804,742.
Click here to view the Summary Budget Report.