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July 2022 Apportionments – Lowest of Year

by | Aug 2, 2022 | Apportionments, Conference Newsletter

Apportionment receipts for July were the lowest of the seven months so far this year. On a year-to-date basis, we received 47.7% of our apportionments. That was 0.2% lower than last year’s level. At this rate, we project year-end apportionment receipts of about 82%.

Apportionment receipts through July are detailed as follows:

Overall the Conference remained in good financial shape. Our available cash reserves were $3.0 million, down a little from $3.1 million at the beginning of this year. We had an overall operating deficit of $471,000 due to:

  • payment of our general church apportionments at 100%;
  • payment of one month of apportionments for all churches in the Conference;
  • investment losses;
  • extra costs from holding a hybrid annual conference session (both in-person and virtual);
  • and COVID-impacted losses in our camp and retreat ministries (particularly at Mingus Mountain Camp)

Our operating deficit was lower than it might have been as a result of reduced travel, operating efficiencies, and lower staff costs in many of areas of ministry. So, we are thankful for that, just as we are thankful for your continued support of our connectional system through your apportionment contributions.

Apportionments are a way to look beyond just ourselves. Please do all that you can to help our churches and our ministries continue to change lives by contributing apportionments as fully as possible in the remaining months of 2022. Thanks again for your commitment; it truly provides the financial stability for our connectional programs to work.

Click here to download the detailed report or visit https://dscumc.org/apportionments to find this month’s and previous month’s reports.

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About the author

Randy Bowman

Conference Treasurer and Director of Finance and Administration.

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