December 2020 EPC budget report: strategic priorities spending restored amid continued strong PMA support

 

Support for Per Member Asking (PMA) over the first six months of the EPC’s fiscal year continues to be strong. As a result, the National Leadership Team (NLT) reinstated $60,000 in the Office of the General Assembly’s budget for church planting and $26,000 for church revitalization at its January 19 meeting.

PMA contributions received by the Office of the General Assembly since the July 1 start of fiscal year 2021 (FY21) total $1,234,886. While the amount is $18,863 less than the $1,253,749 received during the same period in fiscal year 2020, year-to-date contributions are 13.7 percent ($149,219) above the $1,085,667 “Bare Bones Plus” budget.

“We reduced the 2020-2021 budget by 17 percent out of an abundance of caution, since we did not know how the ongoing pandemic would affect our churches financially,” Jeremiah said. “We did not want to be in a position where we had to make cuts to an approved budget later. But I am so thankful that our churches continue to demonstrate their commitment to the EPC in such uncertain times.”

Jeremiah noted that the 40th General Assembly not only approved the reduced budget but also authorized the National Leadership Team to increase funding for strategic ministry opportunities should FY21 revenue exceed projected spending.

The 12-month rolling average for monthly PMA contributions is $197,809—within 1 percent of the rolling average as of December 31, 2020. PMA support in December 2020 was $312,238.

Of the $1,234,886 received, $246,977 (20 percent) was contributed to EPC World Outreach.

In addition to PMA contributions, $2,954,022 was received through December 30 for designated funds. This total is $218,006 (6.9 percent) lower than the $3,172,027 in designated gifts received in the same period in fiscal year 2020.

Jeremiah said if significant donations to two funds in 2019—Emergency Relief and Church Planting—are not considered, designated giving is up more than $369,000 (14.4 percent) in FY21. Nearly $320,000 was donated to the Emergency Relief Fund through December 30, 2019, in response to Hurricane Dorian. An anonymous donor gave $250,000 in December 2019, designated for church planting.

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 Thanksgiving and Christmas offerings.

Of the total, $2,905,521 was designated for World Outreach workers and projects, and $48,501 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.