August 2021 EPC financial report: PMA support below projected budget

 

Contributions to Per Member Asking (PMA) received by the Office of the General Assembly in fiscal year 2022 (FY22) through August 31 total $337,934. The total is $11,246 (3.2 percent) below the $349,180 FY22 PMA support projection to fund the EPC’s Collaborative Ministries, Connectional Support, and Custodial Operations. August PMA support was $143,657.

Despite contributions being below the projected budget, FY22 PMA support is $969 (0.3 percent) above the $336,965 contributed over the same period in FY21. In addition, the 12-month rolling average for PMA support is $200,279 (1.2 percent above the rolling average for August 2020). Fiscal year 2022 runs from July 1, 2021, to June 30, 2022)

“While you never like to see PMA support dip—even a small amount—we feel good about the overall trends and continued participation to begin a new fiscal year,” said Dean Weaver, EPC Stated Clerk. “The good news is that our operating expenses to date are about $50,000 under budget. Our staff has been diligent in controlling expenses, and I am very thankful for their careful stewardship.”

Of the $337,934 received, $67,587 (20 percent) was contributed to EPC World Outreach.

In addition to PMA contributions, $907,079 in designated gifts were received through August 31. This total was $50,752 (5.9 percent) above the $856,327 in designated gifts received in the same period in FY21.

“Our congregations have been so very generous in responding to critical needs like disaster relief in Louisiana and the ministry needs among the growing tide of hurting Afghan refugees,” Weaver said.  “We are committed to getting these sacrificial gifts into the hands of those who need it the most as quickly as possible.”

Of the total, $891,969 was designated for World Outreach workers and projects, and $15,110 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.

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.

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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.