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
               

Dive straight into the feedback!
Login below and you can start commenting using your own user instantly