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Churchwide Assembly: Assembly OKs budgets

ELCA Treasurer Christina Jackson-Skelton
ELCA Treasurer Christina Jackson-Skelton proposes churchwide budgets of $81.2 milliion for 2006 and $81.5million for 2007.
For 2006 the assembly approved the ELCA churchwide budget at current fund fiscal year income of $81,228,515, and World Hunger income was approved at $16,750,000.

For 2007 the budget was approved at current fund fiscal year income of $81,539,500, and World Hunger income was approved at $17 million.

ELCA World Hunger income is set aside for dealing with hunger and poverty in the U.S. and globally.

Treasurer’s report

Treasurer Christina Jackson-Skelton told the assembly that the ELCA must keep up its efforts to grow revenue and identify new opportunities for cutting costs. For the first five months of fiscal 2005, revenue available to cover the budget is down half a million dollars compared to the previous year. (See page 54.)

She reported that:

• 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 $500,000 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 2005 Presiding Bishop Mark S. Hanson designated $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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