National CP ends fiscal year 4.31% over goal
NASHVILLE (BP) -- The Southern Baptist Convention ended its fiscal year $8.14 million over its 2016–2017 budgeted goal and $1.41 million over the previous year's CP Allocation Budget gifts, according to Frank S. Page, president and CEO of the SBC Executive Committee.
The SBC received $197,146,731.08 in Cooperative Program Allocation gifts for the year. This amount is $1,416,223.04, or 0.72 percent, more than it received during the last fiscal year, and is $8,146,731.08, or 4.31 percent, more than its budgeted goal of $189 million.
"A part of this overall overage in the CP Allocation Budget will go directly to disaster relief here in the United States and throughout the world," Page said. "Also, please remember that the Executive Committee has allocated 100 percent of its overage to overseas disaster relief through the International Mission Board.
"We're grateful for God's hand of favor," he said.
The Executive Committee, acting on behalf of the convention at its Sept. 18–19 meeting, allocated the first $1.25 million of the projected CP overage to the North American Mission Board to assist those affected by 2017 disasters in the United States and its territories. It also allocated the full amount of any overage the Executive Committee would receive to the International Mission Board for international relief following several recent natural disasters.
After the first $1.25 million CP overage was distributed to NAMB, the remaining overage was allocated as follows: 51 percent to IMB; 22.79 percent to NAMB; 22.16 percent to the seminaries; and 1.65 percent to the Ethics & Religious Liberty Commission. Additionally, $165,521, the full 2.4 percent of the CP overage that otherwise would have gone to the Executive Committee, was allocated to IMB for international disaster relief.
The total represents money received by the Executive Committee by the close of the last business day of September and includes receipts from state conventions, churches and individuals for distribution according to the 2016–2017 SBC Cooperative Program Allocation Budget, with the overage distributed as amended by the Executive Committee.
In designated giving, the fiscal year's total of $191,403,752.79 is 6.48 percent below the previous year's $204,671,725.92. Of this designated amount, $133,012,301.89 was disbursed to IMB and $57,892,098.93 to NAMB through the seasonal missions offerings and Global Hunger Relief. The balance was designated for other SBC entities and the Executive Committee and SBC Operating Budget.
September's CP allocation receipts for SBC work totaled $16,612,796.46. Designated gifts received last month amounted to $4,560,467.93.
The Cooperative Program is Southern Baptists' channel of giving through which a local church is able to contribute to the ministries of its state convention and to the missions and ministries of the SBC with a single contribution to its state convention. State and regional Baptist conventions retain a portion of church contributions to the Cooperative Program to support work in their respective states and forward a percentage to Southern Baptist national and international causes. The percentage of distribution from the states is at the discretion of the messengers of each state convention through the adoption of the state convention's annual budget. The totals in this report reflect only the SBC portion of Cooperative Program receipts.
Month-to-month swings reflect a number of factors, including the number of Sundays in a given month, the day of the month churches forward their CP contributions to their state conventions, the percentage of CP contributions forwarded to the SBC by the state conventions after shared ministry expenses are deducted and the timing of when the state conventions forward the national portion of Cooperative Program contributions to the Executive Committee.
CP allocation budget receipts received by the Executive Committee are reported monthly to the executives of the entities of the convention, to the state convention offices, to the state Baptist papers and are posted online at www.sbc.net/cp/budgetreports.asp.