wfn.org | re: Wfn-editors Digest, Vol 11, Issue 31

["info@graceministriesinternational.in" <info@graceministriesinternational.in>]

The Beatitudes   {JESUS ]  began to teach them, saying:
"Blessed  are the poor in sprit,
for theirs is the kingdom of heaven.
Bles sed are those who mourn,
for they will be comforted.
Blessed are  the meek,
for they will inherit the earth.
Blessed are those who  hunger
and thirst for righteousness,
for they will be filled.
 
Blessed are the merciful,
for they will be shown mercy,
Blesse d are the pure in heart,
for they will see GOd.
Grace ministries 
ESR koti reddy
www.graceministriesinternational.in

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Today's  Topics:

1. ELCA Treasurer Reports on Financial Outlook for 2009,  2008
Results (NEWS@ELCA.ORG)

----------------------------- -----------------------------------------

Message: 1
Date:  Mon, 16 Mar 2009 10:50:40 -0500
From: 
Subject: ELCA Treasurer Re ports on Financial Outlook for 2009, 2008
Results
To: 
Messa ge-ID: <3A60524D1B0E429FA118A83216ED5DE1@dmz.elca.org>
Content-Type: t ext/plain

Title: ELCA Treasurer Reports on Financial Outlook for  2009, 2008 Results
ELCA NEWS SERVICE

March 16, 2009 
 
ELCA Treasurer Reports on Financial Outlook for 2009, 2008 Results
 
09-062-JB

ITASCA, Ill. (ELCA) -- As economic uncertainty cont inues,
responding "quickly and strategically" to changes in income wil l
be critical to the continued financial stability of the ELCA
ch urchwide organization and its capacity to sustain its mission
and mini stries, wrote Christina Jackson-Skelton, ELCA treasurer,
in a March 7  written report to the ELCA Conference of Bishops.
"This will require c lose work and collaboration with
churchwide units, synods and other pa rtners," she wrote.
The ELCA Conference of Bishops is an advisory body  of the
church, consisting of bishops who lead the 65 synods of the EL CA,
plus the ELCA presiding bishop and ELCA secretary. The
confer ence met here March 5-10.
For 2009 the treasurer said she is currently  projecting the
ELCA churchwide organization will receive about $64 mi llion in
mission support, based on reports from synods. Mission suppor t
funds are provided by congregations to synods, which share a
po rtion of those funds with the churchwide organization. In 2008
mission  support funds sent to the churchwide organization totaled
$65.3 milli on, down $1.3 million from what was forecast. All of
the decrease in m ission support occurred in January 2009, the
last month of the church' s fiscal year, Jackson-Skelton wrote.
The churchwide organization has  already reduced its
operating budget by about $1.5 million for 2009, a nd another
adjustment will need to be made, she said, emphasizing that 
income estimates have been changing rapidly. Churchwide income
a djustments will be reported to the ELCA Church Council, which
meets Ma rch 27-29 in Chicago. The council determines the
churchwide organizati on's spending authorization.
For fiscal year 2008 the chuchwide organi zation had income
over expenses of $3.2 million in current operating f unds, up
$600,000 from the previous year, Jackson-Skelton said.
" In the midst of a lot of economic turmoil in this economy,
we really d o feel we have a lot to be grateful for as we look at
our financial re sults ... because they represent a good stability
for the churchwide o rganization for the fiscal year 2008," she
told the conference.
E LCA World Hunger Appeal contributions in 2008 were
$22 million, up $10 0,000 over 2007. Direct gifts for World
Hunger declined significantly  in the fourth quarter, but income
from bequests and trusts more than c ompensated for the decrease,
Jackson-Skelton said. As a result of the  reduction in direct
gifts for World Hunger, Jackson-Skelton said the C hurch Council
will be asked to reduce the 2009 World Hunger budget fro m
$20.6 million to $18.7 million.
The total budget for the ELCA c hurchwide organization is
about $105 million, including income for the  current operating
budget, world hunger and other sources.

 For information contact:
John Brooks, Director (773) 380-2958 or news@ elca.org
http://www.elca.org/news
ELCA News Blog: http://www.elca .org/news/blog 

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