CP 2.35% over budget projection through first 2 months
    December 3 2015 by Baptist Press

    Contributions to Southern Baptist national and international missions and ministries received by the Southern Baptist Convention (SBC) Executive Committee through the first two months of the fiscal year were 2.35 percent above the projected budget goal and 0.46 percent below last year’s year-to-date gifts, according to a news release from SBC Executive Committee President and Chief Executive Officer Frank S. Page.
     
    November’s receipts of $15,764,689.37 were slightly less than the $15,940,178.11 received in November 2014. The year-to-date total of $31,813,129.29 was $729,795.96 above the $31,083,333.33 YTD allocation budget projection to support Southern Baptist ministries, and $146,229.67 below the $31,959,358.96 received through November 2014.
     
    The Cooperative Program (CP) is Southern Baptists channel of giving, begun in 1925, through which a local church can contribute to the ministries of its state convention and the missions and ministries of the SBC with a single monthly or weekly contribution. Monies include receipts from individuals, churches, state conventions and fellowships for distribution according to the 2015-2016 Cooperative Program Allocation Budget.
     
    The convention-adopted budget for 2015-2016 is as follows: 50.41 percent to international missions through the International Mission Board, 22.79 percent to North American missions through the North American Mission Board, 22.16 percent to theological education, 2.99 percent to the SBC operating budget and 1.65 percent to the Ethics & Religious Liberty Commission.
     
    Meanwhile, year-to-date designated giving of $7,225,651.09 was 1.23 percent, or $89,780.65, below gifts of $7,315,431.74 received through November 2014. This total includes only those gifts received and distributed by the Executive Committee and does not reflect designated gifts contributed directly to SBC entities.
     
    Designated contributions include the Lottie Moon Christmas Offering for International Missions, the Annie Armstrong Easter Offering for North American Missions, Southern Baptist Global Hunger Relief and other special gifts. November’s designated gifts totaled $3,828,891.46.
     
    State and regional conventions retain a portion of church contributions to the Southern Baptist Convention Cooperative Program to support work in their respective areas and forward a percentage to Southern Baptist national and international causes. The percentage of distribution is at the discretion of each state or regional convention.
     
    Month-to-month swings reflect a number of factors, including the timing of when the state conventions forward the national portion of CP contributions to the Executive Committee, the day of the month churches forward their CP contributions to their state conventions, the number of Sundays in a given month, and the percentage of CP contributions forwarded to the SBC by the state conventions after shared ministry expenses are deducted.

    12/3/2015 12:02:21 PM by Baptist Press | with 0 comments
    Filed under: budget, Cooperative Program, SBC




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