1. Fall Cluster Meetings October 2018
Financial Report
Fall Cluster Meetings
October 2018
Good evening, I am ________ representing the OH Conference Stewardship Ministry team.

2. Planned Uses of Funds Operations $ 329,100.
Seminars / Retreats ,500.
Other Services to Congregations ,150.
Denomination Support ,400.
$ 380,150.
The approved spending plan for this fiscal year is $380,150 and allocated in these four categories.

3. Where we are Compared to Budget
Annual months YTD YTD
Budget Budget
Operations $ 329, $ 118, $ 138,500.
Seminars / Retreats , ,792.
Other Services to Congregations 13, , ,687.
Denomination Support , , ,417.
$ 380, $ 126,856. $ 158,396.
The middle column represents the amounts spent for the first five months.
The budget columns on either side reflect that after five months of operation, conference spending is “below budget”.
Expenditures of B and C (Seminars and Services to congregations) are periodic in nature as opposed to the monthly flow of operations expenditures.
Funds are sent to MC USA in direct proportion (which is 5%) to monies received from OC congregations who desire to support the denomination.

4. Projected Expenses to March 31, 2019
Projected (within budget)
Operations $ 196,300.
Seminars / Retreats ,300.
Other Services to Congregations 9,650.
Denomination Support ,750.
$ 239,000.
Operations includes expenses for the Office (rent, communications, tech, postage, printing), ACA, and staff. Staffing with no changes include Alysa, Ann, Cliff, Judy, and Stan.
Terry Shue came on board in September as a consultant to handle personnel misconduct issues.
Dick Barrett, our conference minister, is now spending one day per week for OC, he will move to two days per week in Nov. and Dec. then become full time on January 1.
Ralph Reinford will continue full time until the end of the year then move to one half time.
The amounts for Seminars and Services to congregations reflect full budget funding, using all that has not been spent.
The anticipated amount for MC USA assumes receiving a total of $288,000 from the supporting Ohio Conference congregations.

5. Funding Sources Planned contributions used to build the budget
Current contributions, 5 months
Consider Ohio Conference giving trends
Face the challenge
So how we can come up with the $239,000. needed by March 31 plus the current shortfall of $25,304.
Let’s look at these four areas to see our way forward.

6. Funding Sources Congregations $ 300,000. Individuals/other 35,000.
‘18 – ’19
budget
Congregations $ 300,000.
Individuals/other ,000.
Capital Funds ,150.
$ 380,150.
Our approved budget was built on these three funding sources. Our preference is not to draw upon capital funds for operating purposes, instead invite congregations and individuals be vested in conference support.

7. Cumulative Receipts and YTD Budget
16/17 17/18 18/19 Budget YTD April 10, , , ,679. May 31, , , ,358. June 55, , , ,037. July 71, , , ,717. August 97, , , ,396.
Here the monthly amounts are totaled from month to month for each year.
The blue numbers are this year’s receipts.
We see our current year is similar to 2 years ago.
The green numbers represent our budget expectations, upon which we built this year’s spending plan. This column is linear, that is, it increases by $31,679 each month.
If expenses were on track budget-wise, we would be in a serious shortfall.

8. Our Net Position (5 months)
YTD Budget Actual YTD Net
Receipts 158, , ,844.
Expenses 158, , ,539.
Net Shortfall - 25,304.
$ 239,000 (projected expenses) + 25,304 = $ 264,304. (needed receipts)
I mentioned earlier that we had a deficit of $25,304 for the first 5 months.
This slide then summarizes the effect of receiving less and spending less relative to our budget plan.
Recovering our net shortfall for the first 5 months and adding the projected expenses for the remaining 7 months equals $264,304 needed by March 31.

9. Receipts Trends
This bar graph compares receipts of the last two years to this year’s actual and projected tracks.
The blue bars represent FY , the red bars represent last year, and the green bars show our current slow start.
The gold bars begin at the end of August cumulative receipts and continue as projections to meet our conference financial needs.
The final gold bar resenting nearly $366,000 includes receipts already received in addition to $264,304 needed to meet our needs to March 31.
This level was more than reached last year. May we press on.

10. Partners Together Initiatives delegates may consider:
Bulletin announcements for designations to OH Conf.
Arrange for special offerings to go Ohio Conference
Encourage individuals to become direct supporters
Together can we do it? I look forward to celebrating with you at ACA. Thank you.