final synod power point gc budget 13-151

8/2/2019 Final Synod Power Point GC Budget 13-151

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Executive Council

Draft Proposed Budget

The General Convention Budget2013 2015


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Draft Budget 2013 2015:Background

The triennial budget:

Framed in response to D027 (2009) the

Five Marks of Mission Includes input from Executive Council,

senior staff, and from a church survey

Must be balanced financially


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Draft Budget 2010 2012: Process

June 2011: Executive Committee of Executive Council is

authorized to craft draft budget

August 2011: Quick electronic survey of the church

October 2011: Executive Council affirms Five Marks of Mission

and Core Principles and StrategiesOctDec 2011: Executive Committee prepares two budget cases

for consideration

January 2012: Executive Council discusses and approves draft

proposed budget

January 2012: PB&F begins preparations for General

Convention 2012


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Draft Budget 2013 2015: Framework

Budget Framed with the Five Marks of Mission

To proclaim the Good News of the Kingdom To teach, baptize and nurture new believers To respond to human need by loving service To seek to transform unjust structures of

society

To strive to safeguard the integrity ofcreation and sustain and renew the life of theearth


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Core Principles and Budget Strategies

A budget is a moral and theological document: weproclaim a theology of abundance and hope

Our mission is framed by the Five Marks of Mission

Our mission is one of reconciling all people and the

world to one another and God in Christ All members of this Church are called to Gods mission

of reconciliation by baptism; all voices are valued in ourdecision-making

Our resources will move toward the reign of God givingspecial attention to the poor and marginalized

We are obligated to be good stewards of the resourcesgiven us by God

Each part of the Church collaborates with the whole; we

are mutually responsible and interdependent


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Core Principles andBudget Strategies

Consider providing alternative budgets

Address current indebtedness pro-actively

Provide funding to facilitate study and

analysis of transformative change of thechurch

Support new expressions of the church

Discourage methods that foster dependency Consider partnerships outside the church

Re-imagine the idea of diocese


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Draft Budget 2013 2015:Challenges and Assumptions

Great Recession of 2008-2009 has moderated.Income projections can be made with greaterconfidence

Long term trends beginning before the recessionindicate continuing income decline

Recent diocesan giving is modestly better thaninitially budgeted for 2012, but below the full asking

With continuing volatility in the investment markets,prudent to reduce draw on endowments from 5.5% to5% annually

Debt repayment is accelerated to $5 M during thetriennium. Funding is available for staff adjustmentsand COLA

Asking continues at 19% of diocesan operating income

for all three years


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Draft Budget 2013 2015:Challenges and Assumptions

Total revenue is down $4.6 M compared to thecurrent triennium

Diocesan Commitments are lower by $6.8 M

Investment income down $2.3 M reflectingreduced draw of 5% and continuing impact of2008 market decline

Government revenue and expenses (which arealways break-even) vary with refugee arrivals,

but reflect currently known contracts Rental income assumes 3 floors rented at

Church Center


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Priorities from Church Survey

Ministry Areas with Largest Proportion Calling Essential(adjusted by subtracting the percentage saying no churchwide resources should be

used)

55.1%

55.3%

56.6%

57.0%

57.8%

59.5%

61.4%

61.4%

63.3%

63.4%

67.9%

68.8%

69.7%

73.8%

74.3%

75.2%

8

0% 10% 20% 30% 40% 50% 60% 70% 80%

Liturgy and music

Facilitating the Episcopal Public Policy Network

Research on congregational vitality & finances

Coordinating UTO grants & scholarships

Evaluating & monitoring grants to Anglican dioceses

Advocacy for racial justice &anti-racism training

Supporting anti-poverty initiatives & partnerships

Bringing public policy positions to federal lawmakers

Supporting missionary personnel

Supporing relationships with dioceses in Africa, Asia & the Pacific

Networking for global mission opportunities

Working with Latin American dioceses on self-sustainment

Ecumenical work (relationships & dialogues)

Coordinating grants to TEC dioceses & others

Communication--telling the story of TEC

Training & pastoral care for Bishops

Maintaining a database of congregations & dioceses


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Proposed Budget 2013 2015: SpendingHonors Five Marks of Mission

To proclaim the Good News of the Kingdom Continuing strong support for Church communications Utilizing new technologies and social media for telling the story Funding available for the reformation and renewal of church

structures

To teach, baptize and nurture new believers Funding for environmental stewardship; economic justice; and

people living with disabilities

Increased support for the Young Adult Service Corps

To respond to human need by loving service Increased support for Partnerships Grants Increased support for Dioceses with Indigenous congregations Increased support for the rebuilding of Haiti


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Proposed Budget 2013 2015: SpendingHonors Five Marks of Mission

To seek to transform unjust structures of society Work in advocacy through the Washington Office for peace,

migration, anti-poverty and missionary initiatives Resources available for review of CCABs and appointment of new

working groups

To strive to safeguard the integrity of creation andsustain and renew the life of the earth

Increased support for environmental advocacy Continued support for the work of the Anglican Communion


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Draft Budget: Comparisons2010

2012 (Actual and Forecast) 2013

2015 (Draft)

INCOME

Diocesan Commitments 77,442,774 70,607,748Investment Income 27,500,573 25,257,490Investment Draw for Development Office 3,766,300

Rental Income 2,891,749 4,050,000

General Convention Income1,086,750 1,170,311

Other Income 564,917

Total Income 109,486,763 104,851,849

EXPENSE

Presiding Bishop's Office 8,789,670 8,639,440General Convention 11,762,996 11,881,004CDO & Transitions Ministry 1,087,553 1,088,099

Corporate Expenses 33,468,669 32,010,306

Program 52,513,563 51,232,924

Total Expense 107,622,451 104,851,773

Budgetary Surplus/(Deficit) 1,864,312 76


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2013-2015 Triennium

19% Diocesan Asking

Non-Government Revenue

$104.9 million

Diocesan

Commitments

67%

Investment

Income

24%

Investment for

Development

Office

4%

General

Convention Fees

1%

Rental Income

4%

Sources of Income - Percentages


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Canonical Budget Comparison

2010


2015 (Draft)

Presiding Bishop's Office 4,280,646 4,513,758

House of Bishops 342,232 272,400

Office of Pastoral Development 1,270,460 1,226,039

Title IV 1,069,531 820,654

Federal Ministries 1,826,801 1,806,589

Presiding Bishop's Group Total 8,789,670 8,639,440

Committees, Commissions, Agencies 1,092,132 1,163,630GC Sites and Facilities Expense 2,044,869 2,057,342GC Publications 161,024 66,866GC Secretariat 251,812 177,810

Executive Council 1,567,187 1,439,250House of Deputies 541,251 738,275

Office of the General Convention 3,467,683 3,470,313Archives 2,446,232 2,767,518GBEC 190,806 0General Convention Total 11,762,996 11,881,004Transition Ministries 1,087,553 1,088,099Total Canonical 21,640,219 21,608,543


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Corporate Budget Comparison

2010


2015 (Draft)

Chief Operating Officer Total 1,453,878 1,651,894

Controller 3,279,738 3,679,755

Treasurer 4,050,167 3,780,225

Debt Financing & Repayment 7,732,257 8,700,000

Refugee Loan Collection (IOM) Net -1,179,566 -1,092,204Total Finance 13,882,596 15,067,776

Facilities Management 6,251,258 6,475,067

Human Resources 4,665,789 3,746,696

Legal Staff Costs 531,526 588,879

Legal Non-Staff Costs 145,920 198,700

TEC Property Litigation 3,115,190 2,700,000

Technology 3,422,512 2,281,294

Administration Total 18,132,195 15,290,636

Total Corporate Expenses 33,468,669 32,010,306


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Program Budget Comparison

2010


2015 (Draft)

Mission Direction and Administration 2,625,890 2,423,483Development Office 1,305,166 2,516,300Diocesan & Congregational Ministries 2,821,176 2,108,114Diversity, Social and Environmental 5,193,419 3,641,073Formation and Vocation 3,049,339 286,438Anglican Communion 3,221,522 2,150,387TEC Diocesan Grants (offshore) 4,931,269 5,952,229Ecumenical & Interfaith 930,866 647,751Ecumenical Appropriations 744,926 524,258Grants & Covenants 14,006,360 15,059,402Peace, Int'l Affairs, and Migration 1,102,861 1,159,236Missionary Personnel 3,967,184 4,935,892United Thank Offering 180,920 181,000Affiliated Organization -2,547,147 -2,547,147Office of Government Relations 1,897,311 2,607,480EMM Non-Government 279,412 793,700Communications 8,803,089 8,793,328

Total Program 52,513,563 51,232,924


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2013-2015 Triennium

19% Diocesan Asking

Non-Government Expenditures

$104.9 million

Canonical

21%

Corporate31%

Program

48%

Expense by Type Percentages


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Draft Budget 2013 2015: Next Steps

Schedule for Joint Standing Committee onProgram, Budget and Finance at 77th

General Convention:

Framework July 4, 2012 12:30 p.m.Funding July 6, 2012 7:30 p.mSpending July 7, 2012 7:30 p.m.

Present aproposed

budget toGeneral

Convention July 10, 2012 2:15 p.m.For vote by General

Convention July 12, 2012 TBD

Will hold

hearings on


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Draft Budget 2013 2015: Summary

The triennial budget:

Is balanced financially Spending and revenue, both at $104.9 million Revenue will be subject primarily to diocesan

commitments and investment market performance

Reflects the Five Marks of Mission Includes input from church leaders, staff and

survey Commits our resources responsibly Does not include the cost of relocating the

Archives


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Executive CouncilDraft Proposed Budget

Budget posted and commentsreceived at:

http://jscpbf.blogspot.com/

The General Convention Budget2013 2015

final synod power point gc budget 13-151

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