Annual Conference Business
Approved Budget
The Approved Budget provides insight into the goals, priorities, and relationships of the Free Methodist Church in Southern California (FMCSC). Income is comprised of a number of resources including contributions from churches and investments held by the Management Group, a for-benefit corporation of the FMCSC. Expenses are made up of ministry initiatives, contributions to the denomination, and operational expenses.
If you have questions regarding this budget, please feel free to contact us.
| Ordinary Income/Expense | |||||||
| Income | |||||||
| Contributions from Churches | |||||||
| FMCSC Assessment (5.55%) | 490,000.00 | ||||||
| FMCUSA EPP (3.2%) | 360,000.00 | ||||||
| KMG Assessment (3.2%) | 22,000.00 | ||||||
| Total Contributions from Churches | 872,000.00 | ||||||
| Investment Pool | |||||||
| Management Group | 715,000.00 | ||||||
| Total Investment Pool | 715,000.00 | ||||||
| Total Income | 1,587,000.00 | ||||||
| Expense | |||||||
| Conference Core Ministry | |||||||
| Discipleship | |||||||
| OBO – LLM – Mentor | 10,000.00 | ||||||
| Discipleship | 20,000.00 | ||||||
| Transferable Resource | 5,000.00 | ||||||
| Total Discipleship | 35,000.00 | ||||||
| Leadership Development | |||||||
| Interns | 10,000.00 | ||||||
| Development Resource | 10,000.00 | ||||||
| Coaching | 30,000.00 | ||||||
| Seminary Scholarship | 15,000.00 | ||||||
| FMx | 50,000.00 | ||||||
| Total Leadership Development | 115,000.00 | ||||||
| Boards and Committees | |||||||
| BOA (Resource) | 3,500.00 | ||||||
| MEG – Classes / Education / Resource | 12,500.00 | ||||||
| MAC | 2,500.00 | ||||||
| Partnership | 25,000.00 | ||||||
| Total Boards and Committees | 43,500.00 | ||||||
| Total Conference Core Ministry | 193,500.00 | ||||||
| Denominational Relationship | |||||||
| Annual Conference | 75,000.00 | ||||||
| EPP (Equal Participation Plan) | 353,856.00 | ||||||
| Denominational Travel | 15,000.00 | ||||||
| Total Denominational Relationship | 443,856.00 | ||||||
| Conference Operations | |||||||
| Personnel | 776,982.87 | ||||||
| Support Resources | |||||||
| Resourcing | 10,000.00 | ||||||
| Meals & Travel | |||||||
| Superintendents | 20,000.00 | ||||||
| Ministry Staff | 15,000.00 | ||||||
| Total Resourcing | 45,000.00 | ||||||
| Office Operations | |||||||
| Audit Expenses | 10,000.00 | ||||||
| Bookkeeping | 30,000.00 | ||||||
| Bank Charges | 1,000.00 | ||||||
| Insurance | 10,000.00 | ||||||
| IT/Media/Communication | 40,000.00 | ||||||
| Legal | 15,000.00 | ||||||
| Postage | 1,000.00 | ||||||
| Storage Unit | 1,200.00 | ||||||
| Supplies | 7,500.00 | ||||||
| Telephone/Internet | 10,000.00 | ||||||
| Total Office Operations | 125,700.00 | ||||||
| Total Conference Operations | 947,682.87 | ||||||
| Total Expense | 1,585,038.87 | ||||||
| Net Ordinary Income | 1,961.13 | ||||||
