1. Connecticut Conference of the UCC 2014 Budget Hearings Charlie Kuchenbrod Finance & Development Team Leader Our Shared Vision “That they may all be one”

2. Community Inter- dependence Testimonies Vision Leadership Vitality Engaging Worship The budget is the financial representation of our aspirations

3. Connecticut Conference Missionary Society of Connecticut (MSC) Conference operations Silver Lake Consolidated Trust Fund Trustees of the Fund for Ministers (TFM) Endowments supporting the general welfare of the ministry

4. Asset Classification Determined by Donors! Restricted Duration – Endowments Purpose Unrestricted Board-Designated – Functioning as Endowment Board-Designated – Reserve Funds Equity in Property and Equipment Undesignated

5. Conference Assets 12/31/13

6. Conference Assets

7. Board-Designated Reserve Funds 20052013 Pre-paid fees$6,677$20,602 Smoothing accounts$43,422$67,878 Savings accounts$40,000$211,379 Silver Lake-$61,946 Other$14,113$220,215 Total$104,212$582,020

8. Audited Financial Statements www.ctucc.org/reports/2013 Introduction with links Other reports for 2013 also found here!

9. Revenue Trends 2008 – 2013

10. Thank You!!! CTUCC Mission & Ministry Per Capita Contributions OCWM Basic Support Friends of the Conference

11. Budget Balancing “Levers” Lever 1: Reduce expenses Lever 2: Raise Per Capita Rate Lever 3: Increase Retention Rate Lever 4: Use assets to support spending

12. Lever 1: Reduce Expenses Most discretionary non-staffing expenses have been sharply cut or eliminated over past 12 years. Recent Staffing reductions: – 2013 Regional Minister – 2014 Generosity Ministries

13. Lever 2: Increase Per Capita Rate

14. Lever 3: Increase Retention Rate (OCWM Basic Support retained in CT) 1980-86 = 25% 1987-94 = 35% (Per Capita eliminated) 1995-2012 = 37% (Per Capita restored) 2013-15 = 50%

15. Lever 4: Use Assets to Support Spending Transition era – used “rainy day funds” 2014 – Silver Lake supplemental capital budget

16. MSC 2015 General Fund Revenue Change Forecast Basic Support down 5%($36,284) Endowment Income up 3% $24,317 Per Capita Contributions - Friends of the Conference - Reclassify New American Fund $33,876 Pastoral Excellence Program (fee) $20,000 Other Fee Income $3,371 Total $45,280

17. MSC 2015 General Fund Expense Change Forecast Mission($1,849) Program$62,381 Support$13,663 Staffing($9,209) Total$46,202

18. Program Choices +$62,381 Leadership & Cong’l Vitality $20,000 Pastoral Excellence (fee)$20,000 SCRM increase$18,784 Total Sacred Conversation on Race Ministry (SCRM) funding $55,000

19. Support Choices +$13,663 Leadership & Cong’l Vitality$7,550 Virtual Meeting Center$2,400

20. Staffing Choices ($9,209) Trade Clergy Concerns for Leadership Transitions Trade Generosity Ministries for Leadership & Congregational Vitality Continue Youth & Young Adult Ministry Support Other adjustments for new responsibilities COLA and benefit expense increases

21. Generic Budget BudgetUnrestrictedRestricted Revenue$X,XXX,XXX$R,RRR,RRR Expense($Y,YYY,YYY)($R,RRR,RRR) Preliminary Result$ZZ,ZZZ$0 Transfer to Reserve Funds($ZZ,ZZZ)NA Transfer From Reserve Funds-NA General Fund Surplus/Deficit$0 Board- Designated Funds Surplus/Deficit$0 Non-Operating Activity Surplus/DeficitNA

22. MSC (w/SLCC) 2013 Results includes Now For The Future activity Audited ResultsUnrestrictedRestricted Revenue$3,135,620$1,528,495 Expense($3,039,268)($1,753,520) Preliminary Result$96,351($225,025) Transfer to Reserve Funds($43,189)NA Transfer From Reserve Funds-NA General Fund Surplus/Deficit$53,162 Board-Designated Funds Surplus/Deficit($118,305) Non-Operating Activity Surplus/Deficit$2,271,222

23. MSC (w/o SLCC) 2015 Budget excludes Now For The Future activity BudgetUnrestrictedRestricted Revenue$2,196,367$1,288,437 Expense($2,187,290)($1,288,437) Preliminary Result$9,078$0 Transfer to Reserve Funds($43,874)NA Transfer From Reserve Funds$34,784NA General Fund Surplus/Deficit$0 Board- Designated Funds Surplus/Deficit($94,386) Non-Operating Activity Surplus/Deficit$0

24. Transfer to Reserve Funds Reminder – Reserve Funds are unrestricted assets designated by the Board for specific purposes. 2015 Budget Allocations: – Interim Staffing $5,000 – Recruitment and Relocation$12,000 – Synod Delegates $8,000 – SCRM$18,784

25. Transfer from Reserve Funds Pulling the “Use assets to support spending lever” Utilizing $34,707 of Staffing Fund – This is a “savings account” – Balance will be reduced from $250,302 to $215,595

26. Sacred Conversation on Race Ministry 2013 = $25,000 2014 = $35,000 2015 = $55,000 Total = $115,000

28. Support for Silver Lake Silver Lake generates revenue – user fees Conference Support: – Operating support (unrestricted revenue) - $129,807 – Supplemental Capital Budget (unrestricted assets) - $100,000

29. For the Trustees of the Fund for Ministers 98% of revenue is due to investment income and markets are up.

30. Board Recommendations MSCTFM Unrestricted – General Fund $2,187,290$297,825 Restricted$1,288,437$220,042 Total$3,475,727$517,867

31. New Patterns of Giving Planned Giving/Bequests Affectional Giving Fundraising for specific projects Grants