1. 2018 STEWARDSHIP PRESENTATION
1/17/2019 8:39 PM
2018 STEWARDSHIP PRESENTATION
MORAVIAN CHURCH SOUTHERN PROVINCE
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The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

2. 2019 PROVINCIAL BUDGET
At a Glance……

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2019 Provincial Share
SYNOD 2018
RESOLUTION 10

4. New Share Methodology Resolution 10….
(4) Tiers
Percentage set for (4) years
“Point System”
Based on previous year’s Line 1 income

5. Average Worship Attendance
Average Attendance
Points
>150 4
>125; <150 3
>80; <125 2
>50<80 1
<50

6. Line 1 Income Points > $250,000 4 > $180,000; < $250,000 3
> $140,000; < $180,000 2
> $75,000; < $140,000 1
< $75,000

7. Years Relief Granted
Relief
Points
4 years -4
3 years -3
2 years -2
1 year -1

8. Meets Share Obligation
Points
Always 3
Struggles 2
Does Not 1

9. Transfers From or To Investments
Reserves
Points To 3
From -1
Neither

10. Reserve Cushion
How long can your church cover operating expenses if you have to live off of “Funds”?

11. Reserve Cushion % of Operating Expenses
Example:
Total Unrestricted Reserves = $550,000
Total Operating Expenses = $150,000
$550,000/$150,000 = 3.67
3.67 is added to your total points

12. Unrestricted Reserves
Cash (Checking, Savings & Money Market Accounts)
Funds that support operations
Unrestricted funds and endowments
Board designated funds and endowments

13. Percentage
Points Ranges
Target %
Adjusted % 2019
> 10 pts 18
19.25
<10->7.5 pts 15
16.25
<7.5->2.25 pts 12
13.25
<2.25 pts 10
11.25

14. Advantages Percentage calculated for 4 years
Points measure health of congregation and their ability to pay.
Prior formula penalizes the smaller churches while benefiting the large.
Churches are not penalized for using investments to stay viable

15. 2019 Provincial Share 2019 Calculated Provincial Share $1,953,064
Reduction in Budgets) (221,821)

16. 2019 PROVINCIAL SHARE
STEP
DOWN
APPROACH

17. 2019 Provincial Share Stepdown Approach
2019 Adjusted Share $2,135,604
Less 7 % Shortfall (149,492)
2019 Budgeted Share Dollars $1,986,112
Adjusted Share Reduction $(70,553)

18. Pre-Relief…..
6 churches
Total $31,272
Balance of “Shortfall” $118,220

19. Where Your Share Dollars Go….

20. 2019 Total Provincial Budget
Change %
Missions/Outreach $ ,061 $ 429, (11,214) %
Church Support ,856,346 1,926,649 (70,303) %
Ministerial Support , , (62,101) %
Supporting Services , , (5,742) %
Total $3,311,149 $3,460,508 (149,360) -4.3%

21. 2019 PROVINCIAL BUDGET 1/17/2019 8:39 PM
© 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.
The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

22. 2019 Provincial Budget Monthly Pension Charge 96,600
Provincial Share $1,986,112
Other Revenue Items:
Charitable Remainder Trust ,860
Laurel Ridge ,814
Investment Income & Transfers ,657
Contributions ,500
Financial Office/HR Charges , Salem Congregation ,867
Monthly Pension Charge ,600
Sale of Literature & Guest Services ,150
Total Other $1,325,036
Total Revenue $3,311,148

23. 2019 Budget Process Major Factors:
45% increase in Ministerial Student Aid
Synod 2022 Budget -$100 charge per delegate
Paycor 7% increase in fees
25% increase in property insurance
7% shortfall budgeted
Retirement funding 15.5% decrease
Agency employees salaries frozen
Salem Congregation 10% rent decrease Cedarhyrst and Boys School

24. Reminders Budgets are due December 15th File for Sales Tax Refunds
Review the values placed on your property in your insurance booklet. Keep the book for claim references.
Distribute share graph to your congregation
Health Insurance renewal January 1, Enrollment meetings in November
Safety seminar October 27th, 10am – 2pm, Home Moravian
We have a new website!

25. Audits Due date: April 15th
“Resolved, If the data required by the Provincial Share Formula is not delivered by July 31 of any year, prior year data will be used to compute Provincial Share. Current data – if received – may be used at the discretion of the PSSB” Policy made and Approved September 16, by PSSB

26. Audits List all Investment and Endowment Be specific on Restrictions
Is it Board or Donor Restricted?
Separate Principle and Income on Endowments.

27. Provincial Share Payments are due monthly. Problems?
Call me!
Pay something….
Send a letter to the PEC if you need to request relief or an adjustment

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Questions??? ?
© 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.
The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

29. Thanks