2005 Budget Wisconsin Annual Conference

1
2005 BudgetWisconsin Annual Conference
2
Why are we here today?

• 2005 Budget Introduction
• Budget process
• Amending and voting for the budget
• Reflecting on the Conferences financial health

3
Summary of 2005 Budget

• Category Incr/Decr
• Total Conference Apportionments 0.4
• General Church Apportionments -0.6
• Conference Program 2.3
• Ministerial 9.4
• Administration -3.3

4
Revisions to 2005 Proposed Budget
5
Revisions to 2005 Proposed Budget
6
Budget Process

• Agencies submit Plans for Ministry, including
  budget requests, to Council on Finance
  Administration (CFA)
• Vision Quality Improvement Team (VQIT) and
  Cabinet review all Plans for Ministry and submit
  questions, concerns, and budget recommendations
  to CFA

7
Budget Process (contd)

• CFA reviews recommendations from VQIT and
  Cabinet and effect of Conference Rule 10.4.0
• CFA proposes a budget to agencies
• This rule limits the increase in the budget
  CFA proposes to Annual Conference to the
  increase in local church expenses
• (limited to 6.0 increase for 2005)

8
Budget Process (contd)

• Agencies can submit written responses to CFAs
  proposed budget
• Agency representatives meet with CFA to discuss
  budget
• CFA approves the budget to be submitted to
  Annual Conference

9
Budget Process (contd)

• Annual Conference
• Discusses budget
• Can amend budget
• Rules require that items 10,000 and over must go
  to the Implications Committee first for reporting
  to the AC
• Items under 10,000 do not need to go to the
  Implications Committee
• Approves the (amended) budget

10
What does it mean to vote to amend the budget?

• Increase in apportionments
• or
• Decrease in cash reserve
• or
• Decrease in some other budget line

11
What does it mean to vote in favor of the budget?

• Commitment from you that your local church will
  pay its apportionments in full
• and
• Commitment from you to interpret the Conference
  budget within your local church

12
Members vs. Net Apportionments Per Member in 2003
Dollars
13
Apportionments Budgeted vs. Received Dollar
Impact
14
Percent of Churches Paying 100 of Apportionments
15
2005 Budget Categories
16
Comparison of Budget Categories
17
Cash Reserve Analysis
18
Amount of Designated Funds Budgeted for Use
19
Major Challenges to WACs Financial Health

• Declining membership
• Not meeting apportionment goals
• Depletion of designated funds
• Health insurance costs

20
The Good News

• 1. The Wisconsin Conference has met its
  financial objectives even through these difficult
  financial times.

21
The Good News

• 2. Boards and agencies responded with good
  financial discipline to achieve reduced/more
  efficient spending.

22
The Good News

• 3. Our cash reserve actually increased during the
  last couple of years.

23
The Good News

• 4. Our financial performance stands out as
  compared to many other conferences because of the
  continued faithfulness and commitment of our
  churches and members.

24
Efforts continue to manage the challenges we face

• 1. Our Common Thread apportionment
  interpretation program
• 2. Establishment of task forces to look at
  health insurance costs and use of designated
  funds
• 3. Gods unfailing promise to be with us in the
  work we do in the name of Jesus Christ