Meeting Minutes List

Describe the item or answer the question so that site visitors who are interested get more information. You can emphasiCommission on Finance, Administration, Pension, & Benefits AGENDA NOTES – THURSDAY, NOVEMBER 20, 2025
ATTENDING:
Harrison
Sam
Vivian
Bishop Auta (NT) Luvo (SAT) OUT Sung-Soo
Jennifer OUT Sherry OUT Chris
Jim
Mike
Matt Conover Herman OUT Matt Seel
Rhonda
Molly OUT Richard
Olandor (LT)
WELCOME AND PRAYER – Harrison
APPROVAL OF PREVIOUS MEETING MINUTES - Vivian presented the meeting minutes from the previous session, held on October 23, 2025.
➢ VOTE to accept the minutes passed. Vivian will place them in TEAMS.
FINANCIAL REPORT:
Financials – Matthew presented a favorable $3.6 million surplus for October, driven by increased connectional funding (CF) and a $100,000 unrealized gain.
The Balance Sheet showed healthy assets of $10.8 million, with $4.89 million in undesignated, unreserved funds.
2026 Budget - Harrison explained that the Connectional Council needs to approve a 2026 budget early in the first quarter of 2026, and we need to begin planning for 2027, considering potential increases in expenses due to the addition of full-time bishops and the activation of commissions. Harrison emphasized the importance of working with commission chairs to determine necessary cuts and encouraged a collaborative approach to addressing these financial challenges.
The group discussed budget projections and inflation rates, with Rhonda raising concerns about using a 4% flat increase across accounts, noting that some services would not experience this growth. Sung-Soo suggested using a 3% annual increase, which has worked for their church. The team decides to use a 4% growth rate for income and 3% for expenses, with Matthew agreeing to adjust the projections accordingly.
Harrison explained that the commission will develop a budget proposal for Connectional Council approval, with the current projection showing decreasing reserves over time.
The group discussed the need for a reserve policy to guide minimum reserve levels. The sub group Finance was assigned to bring a draft to the next meeting. They also addressed the challenge of funding commission requests, particularly for 2027, given potential changes from the General Conference.
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The group also discussed the need for contractor policy guidelines to present to the Connectional Council. The sub-group Finance was assigned to bring a draft to the next meeting.
A request from the General Conference Commission (GCC) for a General Conference Missions Project designated fund was discussed. Vivian made a motion and Chris seconded to set up a Missions Project account within the Designated General Conference Fund (DGDF) 85000 to collect funds and to offset expenses to track net cost/surplus for this project. The motion passed unanimously. It was noted that the GCC will be responsible if the account is overspent, having to fund it from within their GCDF. In the event of a surplus, the amount will help cover other GCDF expenses.
A request from Kingdom Advancement and the Bishops to rename 81050 from Designated Humanitarian Relief/Disaster Response Fund to Disaster and Humanitarian Aid Fund. Sam made the motion, and Richard seconded to approve this request. The motion passed unanimously.
Closing Prayer - Mike
Next meeting: DECEMBER 4, 2025 - 7 AM CT – 8 AM ET; 1 PM NIGERIAN TIME; NOON LIBERIAN TIME; 2 PM SOUTH AFRICAN TIME
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