Your Generosity Supports
a Worldwide Mission
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World Ministries
2008 Budget Report
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When we share our resources through World Ministries Mission Tithes, we help
build the kingdom of God around the world. One of the greatest joys for
committed disciples is to help improve the lives of sisters and brothers all
over the world as they, too, pursue the Community of Christ mission. Thank you
for responding faithfully by giving so very generously.
In June, the World Church Finance Board approved a balanced budget of
$27,560,000 for Fiscal Year 2008, which began July 1, 2007. The first item in
the income budget is always World Ministries Mission Tithes, the foundation on
which the church’s ministries are built. For FY08 the finance board approved a
minimum of $10.4 million in mission tithes, which is 38 percent of the total
budget.
Your very generous contributions over the last two years have encouraged World
Church leaders to set a higher goal than the minimum approved by the finance
board. Last year $10 million was the approved budget for mission tithes. We
actually received more than $10.5 million.
The goal we have set for this year is $10.9 million, or $500,000 over the amount
we need to balance the budget. What is most exciting is the expanded ministries
that could be fulfilled with the help of $500,000 (see sidebar). If each of us
answers the challenge to share equally with Congregation and World Ministries
Mission Tithes, we will easily meet this goal. (Learn more about the “Share
Equally” goal on page 5 October 2007 Herald).
The World Church budget is supported by the generosity of the generations who
have gone before us, as well. The contributions they made are now found in our
endowments and other investments. From those investments, which have grown over
the years, we are able to draw a total of $14.3 million at a sustainable rate,
covering 52 percent of the total budget.
The remaining 10 percent of the budget is covered by service fees and rental
income, totaling $2.85 million.
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