Apportionment receipts for August were about 1% below our monthly average for the first eight months of 2022, but they actually improved a bit compared to last year. On a year-to-date basis, we received 53.4% of our apportionments. That was 0.7% higher than last year’s level. At this rate, we project year-end apportionment receipts of about 83%.
Apportionment receipts through August were detailed as follows:
Overall, the Conference remained in good financial shape. Our available cash reserves were $2.8 million, down from $3.1 million at the beginning of this year. We had an overall operating deficit of $651,000 due to:
- payment of 9 months of general church apportionments while receiving only 8 months of apportionment income;
- 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.