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Expanding Our Ministry
Here are a few ministries that could be fulfilled through your generosity:
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Expanded and improved translation services
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Increased funding for missionary opportunities where the church is growing
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A scholarship fund for young adults for the Community of Christ Seminary and
other leadership development opportunities
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Expansion of the Co-Missioned Pastor Initiative (CPI) to make high-quality
training, support, and resources accessible to all pastors and congregation
leaders
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A new Community of Christ hymnal that incorporates music in multiple languages
from throughout the church and speaks to our mission, message, and identity
today
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Your Generosity Supports
a Worldwide Mission
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.
Fiscal Year 2008 Budget
World Ministries Fund Summary
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| INCOME |
FY 08 |
Budget |
| World Ministries Mission Tithes |
$10,400,000 |
38% |
| Temple Endowment Allocation |
3,120,000 |
11% |
| World Ministries Endowment Fund Allocation |
2,610,000 |
9% |
| Net Service Fees/Recovered Expenses |
2,650,000 |
10% |
| Net Rental Income |
199,000 |
1% |
| Investment Earnings & Others |
4,800,000 |
17% |
| Operating Reserve Support |
760,000 |
3% |
| Stewardship Foundation Support |
1,780,000 |
6% |
| Reserves and Other Sources |
1,241,000 |
5% |
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(A) Total Income |
$27,560,000 |
100% |
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| EXPENSES |
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| FIELD MINISTRIES |
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Field Ministers |
$12,352,276 |
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Missionary Outreach |
1,529,134 |
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(B)
Total Field Ministries Section |
13,881,410 |
50% |
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| WORLD CHURCH LEADERSHIP |
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Enrichment Group (includes all staff costs) |
1,989,432 |
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First Presidency & Support |
76,002 |
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Council of Twelve & Support |
70,820 |
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Presiding Bishopric & Support |
172,296 |
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Human Resources |
41,734 |
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Leadership Development |
284,000 |
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Temple Ministries |
55,000 |
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Special Projects |
300,000 |
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(C) Total
World Church Leadership Section |
2,989,284 |
11% |
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| INTERNATIONAL HEADQUARTERS MINISTRIES |
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Enrichment Groups (includes all staff costs) |
5,728,917 |
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Support Services |
3,153,662 |
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Projects |
329,915 |
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Netted Income Activities |
(616,938) |
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(D) Total
Int’l Headquarters Ministries Section |
8,595,556 |
31% |
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| GENERAL & OTHER |
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Grants to Other Organizations |
315,000 |
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Administration |
62,000 |
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Other Expenses |
1,716,750 |
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(E) Total
General & Other Section |
2,093,750 |
8% |
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(F) Total
Expenses |
$27,560,000 |
100% |
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