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November Apportionments Slightly Above Prior Years

by | Dec 5, 2022 | Apportionments, Conference Newsletter, Finance and Administration

Apportionments

Apportionment receipts for November were 7.6%, our best month since January. This brought us up to a level that was a little higher than in prior years. So far this year, we have received 72.2% of our apportionments, compared to 72.1% last year and a 72.0% average for the past ten years. If we continue at this same rate for December, we project year-end apportionment receipts of about 83%.

Apportionment receipts through November are detailed as follows:

With these steady apportionment receipts, the Conference continues to be in good overall financial shape. Our available cash reserves are $3.08 million, down slightly from $3.12 million at the beginning of this year. We show an overall operating deficit of $381,000 due largely to the following items:

  • payment of one month of apportionments for all churches in the Conference cost $467,000;
  • investment losses were $201,000;
  • COVID-impacted losses in our camp and retreat ministries (particularly at Mingus Mountain Camp) totaled $197,000.

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 our 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 you can to help our churches and ministries continue to change lives by contributing apportionments as fully as possible in the last month of 2022. NOTE: THE CUTOFF FOR RECEIVING 2022 APPORTIONMENTS IS WEDNESDAY, JANUARY 11, 2023.

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 dscumc.org/apportionments to find the detailed report along with previous reports.

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Author: Randy Bowman

Finance and Administration Assistant Treasurer
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