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September 2005 |
North Indiana Conference CFA to present reduced budget
MARION, Ind. - The North Indiana Conference Council on Finance and Administration during its June and August meetings completed the work on the 2006 Annual Conference Budget. The 2006 Budget will be presented to the Special Session of Annual Conference on Oct. 8 at Granger Community Church. The 2006 Budget amount is $9,734,168, a 11.7 percent decrease from the 2005 budget of $11,018,758. CFA believe that it will be able to fully fund this budget.
The funding of the 2006 budget will be accomplished, pending 2005 NIC Annual Conference action, by churches sending to the Annual Conference a tithe (10 percent) of monthly income and by a Special Offering amount for a portion of General Church Ministries. The estimated amount of the total tithe is $8,941,539. The anticipated receipts at 92.5 percent are $8,270,924. Total funding of the 2006 Budget is the total of the estimated receipts ($8,270,924) plus the General Church Special Offering amount ($1,463,897), bringing the total funding to $9,734,821, which is slightly higher than the 2006 Proposed Budget.
The $9,734,168 budget includes the full amount for General Church Ministries. One half of the General Church Ministry amount is included in the portion of the budget that will be funded by the Tithe. The remaining half of General Church Ministries is allotted to the churches for their Special Offerings.
Details, expected to be out during the second week of September, will be shared in the advance mailing for the North Indiana Conference Special Session.
Last updated on 25 Apr 2008