The Joint Standing Committee of Program, Budget, and Finance.
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Transcript of The Joint Standing Committee of Program, Budget, and Finance.
The Joint Standing The Joint Standing Committee of Program, Committee of Program, Budget, and Finance Budget, and Finance
Program, Budget and FinanceProgram, Budget and Finance
Canonically charged with presentingCanonically charged with presenting
to General Convention, for its to General Convention, for its approval, a balanced budget approval, a balanced budget reflecting the mission and ministry of reflecting the mission and ministry of the Church.the Church.
MembershipMembership
27 Members27 Members• BishopBishop• Two elected deputiesTwo elected deputies• 9 Provinces9 Provinces
• Ex officio:Ex officio: Secretary of GCSecretary of GC Treasurer of Executive Council & GCTreasurer of Executive Council & GC President, House of DeputiesPresident, House of Deputies Presiding BishopPresiding Bishop
Province IVProvince IVPB&F representativesPB&F representatives
The Rt. Rev. Keith WhitmoreThe Rt. Rev. Keith Whitmore Deputy Tom O’BrienDeputy Tom O’Brien Deputy Tess JudgeDeputy Tess Judge
PB&FPB&FDuring the TrienniumDuring the Triennium
Meets in Committee electronically,Meets in Committee electronically,two meetings of committee of the whole.two meetings of committee of the whole.
Acts as advisor to Executive Council in Acts as advisor to Executive Council in maintaining balanced budget policies set maintaining balanced budget policies set by previous General Convention.by previous General Convention.
Two members serve on Audit Committee.Two members serve on Audit Committee. Receives DRAFT budget proposal from Receives DRAFT budget proposal from
Executive Council 4 months prior to GC.Executive Council 4 months prior to GC.
Budget Formation ProcessBudget Formation Process
Narrative Draft Budget and Mission Narrative Draft Budget and Mission statement sent to all deputies in statement sent to all deputies in Spring, 2009 along with Blue Book.Spring, 2009 along with Blue Book.
Deputations prepare for General Deputations prepare for General Convention:Convention:• Study narrative Draft BudgetStudy narrative Draft Budget• Study Blue Book and resolutionsStudy Blue Book and resolutions
Comments on BudgetComments on Budget
Email link to comment on budget, Email link to comment on budget, offer suggestions for program and offer suggestions for program and funding:funding:
[email protected]@episcopalchurch.org
PB&F is charged with presenting GC a PB&F is charged with presenting GC a mission driven balanced budgetmission driven balanced budget
Prior to and at Convention, PB&F works in Prior to and at Convention, PB&F works in Sections – Sections –
Corporate/CanonicalCorporate/CanonicalProgram/MissionProgram/MissionFundingFundingPresentationPresentation
Decision making by committee of the whole Decision making by committee of the whole AFTERAFTER
Opening Hearings on Priorities, Spending, Opening Hearings on Priorities, Spending, FundingFunding
Legislative Committee work and decision making Legislative Committee work and decision making by both Houses of Conventionby both Houses of Convention
Budget Process (con’t) Budget Process (con’t)
PB&F presents Budget resolution for PB&F presents Budget resolution for funding and spending for the succeeding funding and spending for the succeeding triennium 2010-2012:triennium 2010-2012:• July 15, 2009July 15, 2009
Concurrent approval by both HousesConcurrent approval by both Houses Jt Rules of Order Section 15:Jt Rules of Order Section 15: ““after the adoption of the budget of after the adoption of the budget of
The Episcopal Church, no resolution calling The Episcopal Church, no resolution calling for the expenditure of any moneys shall be for the expenditure of any moneys shall be in order.”in order.”
Deputy ResponsibilityDeputy Responsibility Education prior to ConventionEducation prior to Convention Attend Hearings on Priorities, Spending and Funding.Attend Hearings on Priorities, Spending and Funding.Open HearingsOpen Hearings
Priorities: July 7, 2009Priorities: July 7, 200912:30 – 1:30 pm12:30 – 1:30 pm
Spending: July 9, 2009Spending: July 9, 20097:30 – 9:00 pm7:30 – 9:00 pm
Resource/Funding: July 10, 2009Resource/Funding: July 10, 20097:30 – 9:00 pm7:30 – 9:00 pm
After Convention, deputies and bishops are responsible for After Convention, deputies and bishops are responsible for taking information to Diocese on budgetary issues – taking information to Diocese on budgetary issues – especially funding issues.especially funding issues.
The General Convention BudgetThe General Convention Budget2010 – 20122010 – 2012
Drafting ProcessDrafting Process
Draft Budget 2010 – 2012: Draft Budget 2010 – 2012: BackgroundBackground
The triennial budget:The triennial budget: Reflects the Church’s mission and Reflects the Church’s mission and
prioritiespriorities Includes input from staff and Includes input from staff and
Executive CouncilExecutive Council Must be balanced financiallyMust be balanced financially
Draft Budget 2010 – 2012: ProcessDraft Budget 2010 – 2012: Process
Summer Summer 2007:2007:
Budget Committee of Executive Budget Committee of Executive Council is appointedCouncil is appointed
Fall 2007:Fall 2007: Format for budget input is Format for budget input is developeddeveloped
February February 2008:2008:
EC holds think sessions to identify EC holds think sessions to identify ministry and mission needs, ministry and mission needs, opportunities, goals and prioritiesopportunities, goals and priorities
June 2008: June 2008: EC address overall mission goals and EC address overall mission goals and priorities for the budgetpriorities for the budget
Summer Summer 2008:2008:
Initial budget requests are received Initial budget requests are received from staff and CCABsfrom staff and CCABs
October October 2008:2008:
EC evaluate whether initial budget EC evaluate whether initial budget requests address mission prioritiesrequests address mission priorities
January January 2009:2009:
EC adopts proposed budget for EC adopts proposed budget for 2010-20122010-2012
Draft Budget 2010 – 2012: PrioritiesDraft Budget 2010 – 2012: Priorities
Priorities are equally important – Priorities are equally important – not rankednot ranked
• Claiming Our IdentityClaiming Our Identity• Doing Justice & Alleviating Poverty Doing Justice & Alleviating Poverty • Growing CongregationsGrowing Congregations• Promoting Anglican PartnershipsPromoting Anglican Partnerships• Strengthening Governance and Strengthening Governance and
Foundations for MissionFoundations for Mission• Interfaith partners and beyondInterfaith partners and beyond
Draft Budget 2010 – 2012: Draft Budget 2010 – 2012: Challenges and AssumptionsChallenges and Assumptions
Currently witnessing economic Currently witnessing economic conditions not seen since the Great conditions not seen since the Great Depression of the 1930sDepression of the 1930s
Initial spending requests were $23 Initial spending requests were $23 million more than expected incomemillion more than expected income
Assumes that diocesan giving, the Assumes that diocesan giving, the major source of income, will increase major source of income, will increase by one percent in 2010 and by two by one percent in 2010 and by two percent in each of the remaining two percent in each of the remaining two years of the trienniumyears of the triennium
Draft Budget 2010 – 2012: Draft Budget 2010 – 2012: Challenges and AssumptionsChallenges and Assumptions
Requires deferring major debt Requires deferring major debt repayment; freezing Church Center repayment; freezing Church Center salaries in 2010; making $300K in salaries in 2010; making $300K in additional staff cost reductions; and additional staff cost reductions; and cutting most non-personnel cutting most non-personnel expenditures, while making certain expenditures, while making certain exceptions as rent and insurance exceptions as rent and insurance paymentspayments
Ignores neither the concept of Ignores neither the concept of abundance nor the concept of being abundance nor the concept of being good stewards for all those who come good stewards for all those who come after usafter us
Draft Budget 2010 - 2012: Funding Draft Budget 2010 - 2012: Funding AssumptionsAssumptions
Total revenue is down $2.5 mill compared to Total revenue is down $2.5 mill compared to the current triennium forecastthe current triennium forecast
Diocesan Commitments up $5 mill assumed Diocesan Commitments up $5 mill assumed to grow 1%, 2% and 2% in 2010, 2011, 2012to grow 1%, 2% and 2% in 2010, 2011, 2012
Asking continues at 21% of diocesan Asking continues at 21% of diocesan operating income. If all dioceses could operating income. If all dioceses could pledge at 21%, there would be $7 million pledge at 21%, there would be $7 million annually of additional funds for missionannually of additional funds for mission
Investment income down $5 mill even with Investment income down $5 mill even with higher 5 ½% dividend rate due to impact of higher 5 ½% dividend rate due to impact of 33% decline of endowment in 2008 33% decline of endowment in 2008
Government revenue and expenses vary with Government revenue and expenses vary with refugee arrivals but reflect currently known refugee arrivals but reflect currently known contractscontracts
Draft Budget 2010 – 2012: Revenue Draft Budget 2010 – 2012: Revenue $161.8 million$161.8 million
Diocesan Commitments
59%
EBaR1%
Gross Rental After Taxes
2%
Episcopal Life3%
EMM Government
Revenue14%
Ordination Exam Fees
0%
Mission Funding Fee Generation
1%
Other Income (i.e., GC2009)
1%
EMM Non-Gov't
Revenue(Incl. IOM)1%
Investment Income
18%
Proposed Budget 2010 – 2012: SpendingProposed Budget 2010 – 2012: SpendingHonors Executive Council PrioritiesHonors Executive Council Priorities
Claiming Our Identity Claiming Our Identity Funding to live our history and save it: $170K+ for Funding to live our history and save it: $170K+ for
Archives digital content managementArchives digital content management To brand ourselves and communicate strategically through To brand ourselves and communicate strategically through
new media tools and delivery: $600K+new media tools and delivery: $600K+ To translate more resources: $650K+To translate more resources: $650K+
Doing Justice & Alleviating PovertyDoing Justice & Alleviating Poverty Funding for environmental stewardship; economic justice; Funding for environmental stewardship; economic justice;
and people living with disabilitiesand people living with disabilities Increases for Jubilee ministries: $150KIncreases for Jubilee ministries: $150K
Growing CongregationsGrowing Congregations Resources for congregational development and Resources for congregational development and
revitalization across the Evangelism & Congregational Life revitalization across the Evangelism & Congregational Life Center focus areas and geographic areasCenter focus areas and geographic areas
Stewardship resources and programs tailored for parishes Stewardship resources and programs tailored for parishes of under 70 and over 70 average Sunday attendanceof under 70 and over 70 average Sunday attendance
Emphasizes church planting and evangelism programsEmphasizes church planting and evangelism programs
Proposed Budget 2010 – 2012: SpendingProposed Budget 2010 – 2012: SpendingHonors Executive Council PrioritiesHonors Executive Council Priorities
Promoting Anglican PartnershipsPromoting Anglican Partnerships Partnerships Center Grants and programs of the Partnerships Center Grants and programs of the
represents 17% of total spending: $20+ millionrepresents 17% of total spending: $20+ million Work in peace, migration and missionary programs Work in peace, migration and missionary programs
represents an additional 18%: $23+ millionrepresents an additional 18%: $23+ million The new position of Deputy to the Presiding Bishop for The new position of Deputy to the Presiding Bishop for
Anglican Relations is continued through the trienniumAnglican Relations is continued through the triennium
Strengthening Governance and Foundations Strengthening Governance and Foundations for Missionfor Mission
Enhanced technology -- replacing 15-year old Enhanced technology -- replacing 15-year old telephone switchboards; 8-year old computers; and telephone switchboards; 8-year old computers; and accounting software that is no longer supportedaccounting software that is no longer supported
Improved technology for General Convention Improved technology for General Convention legislation; and a reformulated Church legislation; and a reformulated Church Deployment/Transitions ministry websiteDeployment/Transitions ministry website
Major support of the Mission Funding development Major support of the Mission Funding development office to renew and revitalize the Church: $4.5+ millionoffice to renew and revitalize the Church: $4.5+ million
An ongoing program of strategic/scenario planningAn ongoing program of strategic/scenario planning
Draft Budget 2010 – 2012: Expenses $ 161.8 million
Finance9%
Communication8%
Mission Coordination
56%
General Convention
9%
Presiding Bishop's Office
6%
Administration12%
Draft Budget 2010 – 2012: Expenses $ 161.8 million
DFMS 2010-2012 Draft Expenses $ 161.8 million
Program $104,221,961
65%
Corporate $33,117,183
20%
Canonical $24,452,033
15%
Draft Budget 2010 – 2012: SummaryDraft Budget 2010 – 2012: Summary
The triennial budget:The triennial budget:
Is balanced financiallyIs balanced financially• Spending and revenue, both at $161.8 million Spending and revenue, both at $161.8 million • Revenue will be subject to diocesan commitments Revenue will be subject to diocesan commitments
and investment market performance and investment market performance
Reflects the Church’s mission Reflects the Church’s mission Includes input from staff and volunteersIncludes input from staff and volunteers Commits our resources responsiblyCommits our resources responsibly Does not include the cost of relocating the Does not include the cost of relocating the
ArchivesArchives
Is a Draft Budget really a Draft?Is a Draft Budget really a Draft?
Program, Budget and Finance Program, Budget and Finance committed to transparency:committed to transparency:• Email link for commentsEmail link for comments• ENS articlesENS articles• President, House of Deputies deputy President, House of Deputies deputy
online forumonline forum• Hearings at General ConventionHearings at General Convention