synod council treasurer report - 2012 synod assembly
DESCRIPTION
Synod Council Treasurer Report - 2012 Synod AssemblyTRANSCRIPT
Synod Finance Reports
Topics
• 2011 Audit Report
• Treasurer’s report for 2011
• Recommended Budget for 2013
2011 Audit Report
• The 2011 Audit report finds no deficiencies in synod financial procedures
• The form of the audit report differs from that used in the income/expense statement as it is “unitary” instead of an operating budget
• The Synod Counil recommends approval by the Synod Assembly
Report for 2011
• We are dealing with a $490k (30%) decline in Mission Support since 2008– $340k is due to economic conditions– $150k is due to churches leaving
synod or withholding support (two additional churches have departed)
• We’d like to show how the synod finances have evolved over the last seven years
Mission Support
Income
Payroll
Synod Supported Staff
Liability and Equity
Grants
Introduction to the 2013 Budget
• This budget contains minor changes from the 2012 Budget–We recognize that Mission Support from
congregations will be likely be tight until the economy improves and would like to thank the churches for the support that they have provided in this difficult time
• Mission Support to Churchwide has been raised to 50% of Congregational Mission Support.
Expected Income
Mission Support$1061k
Deployed &Managed Staff$276k
Interest$45k
Disbursements$195k
Expenses
Mission Support toChurchwide$531k
Payroll & Staff Expenses$677k
Administration,Council &Committees$192k
Deployed Staff &Managed Payroll$276k
Grants$126k
Mission Teams$49k
The Bottom Line
• For 2013, we expect a net loss of $224k, which will be drawn from reserve accounts.
• You should note that what you are approving is a maximum on expenditures – If income falls below projected figures, we will
institute a spending plan with smaller expenditures