The Magazine of The Evangelical Lutheran Church in America


Treasurer's report

The ELCA must keep up its efforts to grow revenue and identify new opportunities for cutting costs, Treasurer Christina Jackson-Skelton told the assembly Wednesday. For the first five months of fiscal 2005, revenue available to cover the budget is down half a million dollars compared to the year before.

• Revenue available for current operations is up from $80.8 million in 2003 to $81.3 million in 2004.

• Operating expenses at approximately $76.8 million in 2004 are down $3.5 million from 2003.

• Revenue surplus was $.5 million in 2003 and $4.5 million in 2004. Net revenue builds cash reserves and provides flexibility for new mission opportunities and unanticipated needs.

• No funds were designated by the Church Council for specific purposes in 2004. In April 2005 Presiding Bishop Mark S. Hanson was able to designate $4.5 million for: leadership development, $2,6 million; introduction of new worship resources, $900,000; new congregation development and renewal, $500,000; and ministry among people in poverty, $400,000.


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February issue


Embracing diversity