October 2021 EPC financial report: PMA support rebounds, less than 3 percent behind budget

 

Contributions to Per Member Asking (PMA) received by the Office of the General Assembly in fiscal year 2022 (FY22) through October 31 total $745,272. The total is $18,627 (2.4 percent) less than the $763,899 FY21 PMA support projection to fund the EPC’s Collaborative Ministries, Connectional Support, and Custodial Operations. October PMA support was $213,399.

PMA support in the first four months of FY22 (which runs from July 1, 2021, to June 30, 2022) is $35,634 (4.6 percent) behind the $780,906 contributed over the same period in FY21. The 12-month rolling average for monthly PMA contributions is now $197,229—approximately 1 percent less than the rolling average as of October 31, 2020.

“In this season of giving thanks, I am very grateful that PMA support was strong in October,” said Dean Weaver, EPC Stated Clerk. “In addition, October was a good month for our investments and our operating expenses to date are more than $90,000 under budget. Each of our primary trend lines were up in October from the previous month. God is so good!”

Of the $745,272 received, $149,054 (20 percent) was contributed to EPC World Outreach.

In addition to PMA contributions, $2,073,006 in designated gifts were received through October 31. This total was $307,965 (17.4 percent) more than the $1,765,041 in designated gifts received in the same period in FY21. Much of the increase over the previous fiscal year can be attributed to $170,000 donated to the EPC’s Emergency Relief Fund since July 1 in response to Hurricane Ida.

Of the total, $1,857,552 was designated for World Outreach workers and projects, and $215,454 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.