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| "You call that a pledge?" |
2011 CMO contributions and 2012 commitments | Wisconsin Evangelical Lutheran Synod (WELS):
The 2011 Congregation Mission Offerings (CMO), monetary commitments from congregations to support the work of the synod, came in 1.6 percent, or $340,000, less than the $20.8 million that had been committed by congregations. CMO subscriptions for 2012 are also slightly lower than the actual offerings in 2011. The ministry plan is based on a three percent increase for 2012.
CMO, which covers about 75 percent of synod operating support, provides funding for ministerial education, home and world missions, congregation and district ministry, as well as ministry support services.
The Synodical Council will review planning amounts versus giving for the first half of the fiscal year at its meeting later this month to determine what, if any, adjustments need to be made to ministry programs or services. To sustain the current work of the synod, CMO offerings need to keep pace with the synod’s cost drivers, like wages, benefits, and utilities, which equates to a four to five percent increase annually, explains Todd Poppe, chief financial officer at WELS.
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grumpy has left a new comment on your post "Not a Good Year To Own TWO Headquarters Buildings....":
Give it up Dr. Jackson.
No WELS schools are closing....
The coffers are flush with the green.
And of course....PACZKI !!!!
Oops...I mean BAZINGO !!!!
Grumps
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GJ - Grumpy, you are reacting to the ipsissima verba of the Synod President, whom God called to establish fiscal sanity at The Love Shack.
Gurgle is probably saying, "At least we didn't own two $3 million buildings at once.
