The Joint Standing Committee of Program, Budget, and Finance

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The Joint Standing Committee of Program,
Budget, and Finance
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Program, Budget and Finance

• Canonically charged with presenting
• to General Convention, for its approval, a
  balanced budget reflecting the mission and
  ministry of the Church.

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Membership

• 27 Members
• Bishop
• Two elected deputies
• 9 Provinces
• Ex officio
• Secretary of GC
• Treasurer of Executive Council GC
• President, House of Deputies
• Presiding Bishop

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Province IV PBF representatives

• The Rt. Rev. Keith Whitmore
• Deputy Tom OBrien
• Deputy Tess Judge

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PBFDuring the Triennium

• Meets in Committee electronically,
• two meetings of committee of the whole.
• Acts as advisor to Executive Council in
  maintaining balanced budget policies set by
  previous General Convention.
• Two members serve on Audit Committee.
• Receives DRAFT budget proposal from Executive
  Council 4 months prior to GC.

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Budget Formation Process

• Narrative Draft Budget and Mission statement sent
  to all deputies in Spring, 2009 along with Blue
  Book.
• Deputations prepare for General Convention
• Study narrative Draft Budget
• Study Blue Book and resolutions

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Comments on Budget

• Email link to comment on budget, offer
  suggestions for program and funding
• draftbudgetcomments_at_episcopalchurch.org

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PBF is charged with presenting GC a mission
driven balanced budget

• Prior to and at Convention, PBF works in
  Sections
• Corporate/Canonical
• Program/Mission
• Funding
• Presentation
• Decision making by committee of the whole AFTER
• Opening Hearings on Priorities, Spending, Funding
• Legislative Committee work and decision making by
  both Houses of Convention

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Budget Process (cont)

• PBF presents Budget resolution for funding and
  spending for the succeeding triennium 2010-2012
• July 15, 2009
• Concurrent approval by both Houses
• Jt Rules of Order Section 15
• after the adoption of the budget of The
  Episcopal Church, no resolution calling for the
  expenditure of any moneys shall be in order.

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Deputy Responsibility

• Education prior to Convention
• Attend Hearings on Priorities, Spending and
  Funding.
• Open Hearings
• Priorities July 7, 2009
• 1230 130 pm
• Spending July 9, 2009
• 730 900 pm
• Resource/Funding July 10, 2009
• 730 900 pm
• After Convention, deputies and bishops are
  responsible for taking information to Diocese on
  budgetary issues especially funding issues.

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The General Convention Budget2010
2012Drafting Process
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Draft Budget 2010 2012 Background

• The triennial budget
• Reflects the Churchs mission and priorities
• Includes input from staff and Executive Council
• Must be balanced financially

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Draft Budget 2010 2012 Process

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Draft Budget 2010 2012 Priorities

• Priorities are equally important not ranked
• Claiming Our Identity
• Doing Justice Alleviating Poverty
• Growing Congregations
• Promoting Anglican Partnerships
• Strengthening Governance and Foundations for
  Mission
• Interfaith partners and beyond

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Draft Budget 2010 2012 Challenges and
Assumptions

• Currently witnessing economic conditions not seen
  since the Great Depression of the 1930s
• Initial spending requests were 23 million more
  than expected income
• Assumes that diocesan giving, the major source of
  income, will increase by one percent in 2010 and
  by two percent in each of the remaining two years
  of the triennium

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Draft Budget 2010 2012 Challenges and
Assumptions

• Requires deferring major debt repayment freezing
  Church Center salaries in 2010 making 300K in
  additional staff cost reductions and cutting
  most non-personnel expenditures, while making
  certain exceptions as rent and insurance payments
• Ignores neither the concept of abundance nor the
  concept of being good stewards for all those who
  come after us

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Draft Budget 2010 - 2012 Funding Assumptions

• Total revenue is down 2.5 mill compared to the
  current triennium forecast
• Diocesan Commitments up 5 mill assumed to grow
  1, 2 and 2 in 2010, 2011, 2012
• Asking continues at 21 of diocesan operating
  income. If all dioceses could pledge at 21,
  there would be 7 million annually of additional
  funds for mission
• Investment income down 5 mill even with higher 5
  ½ dividend rate due to impact of 33 decline of
  endowment in 2008
• Government revenue and expenses vary with refugee
  arrivals but reflect currently known contracts

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Draft Budget 2010 2012 Revenue 161.8 million
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Proposed Budget 2010 2012 SpendingHonors
Executive Council Priorities

• Claiming Our Identity
• Funding to live our history and save it 170K
  for Archives digital content management
• To brand ourselves and communicate strategically
  through new media tools and delivery 600K
• To translate more resources 650K
• Doing Justice Alleviating Poverty
• Funding for environmental stewardship economic
  justice and people living with disabilities
• Increases for Jubilee ministries 150K
• Growing Congregations
• Resources for congregational development and
  revitalization across the Evangelism
  Congregational Life Center focus areas and
  geographic areas
• Stewardship resources and programs tailored for
  parishes of under 70 and over 70 average Sunday
  attendance
• Emphasizes church planting and evangelism programs

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Proposed Budget 2010 2012 SpendingHonors
Executive Council Priorities

• Promoting Anglican Partnerships
• Partnerships Center Grants and programs of the
  represents 17 of total spending 20 million
• Work in peace, migration and missionary programs
  represents an additional 18 23 million
• The new position of Deputy to the Presiding
  Bishop for Anglican Relations is continued
  through the triennium
• Strengthening Governance and Foundations for
  Mission
• Enhanced technology -- replacing 15-year old
  telephone switchboards 8-year old computers and
  accounting software that is no longer supported
• Improved technology for General Convention
  legislation and a reformulated Church
  Deployment/Transitions ministry website
• Major support of the Mission Funding development
  office to renew and revitalize the Church 4.5
  million
• An ongoing program of strategic/scenario planning

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Draft Budget 2010 2012 Expenses 161.8
million
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Draft Budget 2010 2012 Expenses 161.8
million
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Draft Budget 2010 2012 Summary

• The triennial budget
• Is balanced financially
• Spending and revenue, both at 161.8 million
• Revenue will be subject to diocesan commitments
  and investment market performance
• Reflects the Churchs mission
• Includes input from staff and volunteers
• Commits our resources responsibly
• Does not include the cost of relocating the
  Archives

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Is a Draft Budget really a Draft?

• Program, Budget and Finance committed to
  transparency
• Email link for comments
• ENS articles
• President, House of Deputies deputy online forum
• Hearings at General Convention