MORAVIAN CHURCH SOUTHERN PROVINCE Solely income based Years 2013, - - PowerPoint PPT Presentation

MORAVIAN CHURCH SOUTHERN PROVINCE

Solely income based… Years 2013, 2014 and 2015 data At least 10% but no more than 20% If below 10%, need to develop a plan 2016 impact on gross Provincial Share was ($70,766) 2017 impact = ($60,983)

Calculated Provincial Share $2,199,008

Less 5% Shortfall (109,950) 2017 Provincial Share $2,089,058

$411,661 $162,915 $107,337 $32,932 $11,638 $219,346 $77,963 $56,964 $55,211 $37,352 $4,117 $263,382 $196,121 $179,641 $157,006 $91,470 $61,852 $23,053

• 50,000

100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000

Support for Pastors $726,483

Missions and Outreach $450,952 Support for Congregations $972,526

2017 2016 Change % Missions/Outreach $ 429,079 $ 467,156 (38,077 ) -8.2% Church Support 1,824,139 1,900,233 (76,095) -4.0% Ministerial Support 866,415 867,357 (942) -.1% Supporting Services 238,108 237,621 488 .2% Total $3,357,741 3,472,367 (114,626) -3.3%

54% Church Support 26% Ministerial Support 13% Missions and Outreach 7% Supporting Services

Provincial Share $2,089,058 Other Revenue Items: Laurel Ridge 627,385 Investment Income & Transfers 275,483 Financial Office Charges 102,904 Salem Congregation 99,867 Monthly Pension Charge 96,600 Sale of Literature & Genealogical fee 10,975 Total Other 1,213,214 Total Revenue $3,302,272

Total Revenue $3,302,272 Total Budgeted Expenditures 3,357,742

NET LOSS

$ (55,470) PEC Grant from Church Aid and Extension $ 55,470

Major Factors:

BCM cut the Director of Youth, College and Young Adult position BCM reduced funding to Sunnyside Ministries by 21% Human Resources expansion of position No salary increases for PFO, Archives or Laurel Ridge

Major Factors Continued:

PEC grant $55,474 for PEC, PFO and Archives budgets 27 % Reduction in Worker’s compensation 32% Reduction in Property Insurance Reviewed by the Finance Committee & PSSB PEC “final” approval

Change in the “White Collar “ exemptions Salary Level Test $47,476 per year Must pay overtime for hours WORKED over 40 Exact hours worked need to be recorded Ministers and teachers exempt without salary threshold.

Pay time-and-a-half for hours worked over 40 Raise Workers’ salaries above $47,476 Limit workers’ hour to 40 per week Do some combination of the above.

Economic Realities Test

Broader scope of employment “To suffer or Permit to Work” Is the worker economically dependent on an employer?- Employee Is the worker in business for self? – Independent Contractor

What can we do for less money and reduced time? Automatic Draft for payments

• 1. Provincial Share Payments
• 2. Payroll
• 3. Insurance

We will not send out payroll vouchers every month in 2017

• 1. Church template sent in January
• 2. Blank template on the website

All invoices will be emailed rather than snail mail Benefits You and I

 Budgets are due December 15th  Audits are due by May 15th. NO LATER!  File for Sales Tax Refunds  New Wage and Hour laws go into effect Dec. 1st  Review the values placed on your property in your insurance booklet. Keep the book for claim references.  Worker’s Compensation poster must be posted.  Distribute share graph to your congregation  Get set up for automatic drafts for Provincial payments  Sign-up for BB&T “Protecting the Youth we Serve”

Problems?

Call me! 336-793-0093 Pay something…. Send a letter to the PEC if you need to request relief or an adjustment