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2011 budget lower by nearly 2 percent

6/13/2010

On Tuesday, June 8, 2010, members of the Iowa Annual Conference session approved a budget that is 1.93 percent lower that the 2010 budget. The total approved expenses for 2011 will be $15,938,274, which compares to an approved amount of $16,251,151 for 2010. When an amount included in the 2011 budget, $946,262, needed to fund a pension liability brought on by the downturn of the economy is excluded, the 2011 budget is actually 7.75 percent lower than the 2010 budget.

The General Church apportionments, including the Episcopal Fund, Ministerial Education Fund, General Church and Jurisdictional Administration expenses and the Interdenominational Coop Fund, which includes the World Service, Black College and Africa University funds, will be $2,681,956, or a 3 percent increase over 2010.

Conference Ministries, including support for boards, commissions, and councils districts, clergy support ministries, some administrative support for the Iowa United Methodist Foundation, and the pre-1982 liability apportionment totals $10,117,158, which is a reduction of 1.1 percent over 2010.

Conference Missions funding will be $3,139,160 for 2011, compared to $3,416,706 in 2010, which represents a decrease of 8.1 percent.