September 2022 Apportionments Held Steady

by | Oct 3, 2022 | Apportionments, Conference Newsletter, Finance and Administration

Apportionment receipts for September were about 1% below our monthly average for the first nine months of 2022, but they were pretty consistent with July and August. On a year-to-date basis, we received 58.7% of our apportionments. That was 0.6% higher than last year’s level. At this rate, we project year-end apportionment receipts of about 83%.

Apportionment receipts through September were detailed as follows:

Overall, the Conference remained in fairly 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 $637,000 due to the following items:

  • payment of general church apportionments at a higher level than received from conference churches cost us $41,000;
  • payment of one month of apportionments for all churches in the Conference cost $467,000;
  • investment losses were $290,000;
  • Low registration fees didn’t cover the extra costs of holding a hybrid annual conference session (both in-person and virtual), costing us $40,000; and
  • COVID-impacted losses in our camp and retreat ministries (particularly at Mingus Mountain Camp) cost $159,000.

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

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Author: Randy Bowman

Conference Treasurer and Director of Finance and Administration.
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