July 2020 EPC budget report: Fiscal year 2021 starts on positive note, PMA above budget projection

 

Per Member Asking (PMA) contributions received by the Office of the General Assembly in the first month of the EPC’s new fiscal year (FY21) total $200,725. While the amount is $21,651 less than the $222,376 contributed in the first month of the previous fiscal year (FY20), contributions were nearly 11 percent—$37,580—above the $163,145 budgeted projection to support the EPC’s Collaborative Ministries, Connectional Support, and Custodial Operations. The EPC’s fiscal year runs from July 1 through June 30.

The 12-month rolling average for monthly PMA contributions is $200,128—approximately 1 percent higher than the rolling average as of July 31, 2019.

“I say it every month, but I am grateful that our churches continue to be faithful to Per Member Asking in the midst of so much economic uncertainty surrounding the pandemic,” said Jeff Jeremiah, EPC Stated Clerk.

Of the $200,725 received, $40,145 (20 percent) was contributed to EPC World Outreach.

In addition to PMA contributions, $423,724 in designated gifts were received through July 31. This total was $5774 (1.4 percent) higher than the $418,043 in designated gifts received in the same period in FY20. Designated gifts include support for World Outreach global workers and projects, and contributions to EPC Special Projects such as Emergency Relief, church planting and revitalization initiatives, and the EPC’s holiday offerings.

Of the total, $421,731 was designated for World Outreach workers and projects, and $1,993 was designated for EPC projects. These amounts only reflect gifts received and distributed by the Office of the General Assembly, and do not reflect donations given directly to WO global workers or other projects.

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EPConnection is the news and information service of the Evangelical Presbyterian Church, a denomination of Presbyterian, Reformed, Evangelical, and Missional congregations. To the glory of God, the EPC family aspires to be a global movement of congregations engaged together in God’s mission through transformation, multiplication, and effective biblical leadership, embodying Jesus’ love to our neighbors near and far.