AC 2021 CFA Recommendations

STEWARDSHIP MINISTRIES

Recommendations from the Council on Finance and Administration

  1. The proposed budget of $18,145,697 shall be adopted for 2022, including a mission share income budget of $13,104,912. This represents a slight increase of $70,000 or 0.5% in the mission share asking compared to the 2021 budget following the $1.0 million reduction in the prior year.
  2. The Benevolence Factor (BF) for 2022 remains unchanged at 17.55%. The collection rate assumption for 2022 is set at 89.0%, which is 1.5% higher than the 2021 rate.  Due to anomalies in the 2020 statistical data during the pandemic, the mission share base will be calculated as a 3-year average of local church statistics from 2018, 2019, and 2020.
  3. As required by The Book of Discipline, the ratio for World Service and Conference Benevolences shall be set as follows: 33% for World Services and 67% for Conference Benevolences.
  4. The firm of Ellin & Tucker is approved as independent auditors to audit the Conference Treasurer’s financial records for 2021.
  5. The date for closing the 2021 Conference financial books shall be set at January 11, 2022, with all payments to be received by the Treasurer’s Office no later than that date.
  6. The Baltimore-Washington Conference grants authority to the Council on Finance and Administration, in consultation with the Bishop, the Cabinet, and the Discipleship Council to act on financial matters between sessions of the Annual Conference.

Submitted by:
Phil Potter, President
Paul J. Eichelberger, Chief Financial Office and Treasurer