NASHVILLE, Tenn. (BP)--An added focus on the Cooperative Program has been incorporated into the proposed Southern Baptist Convention budget for the 2003-04 fiscal year.
The SBC Executive Committee, during its Feb. 17-18 meeting in Nashville, Tenn., approved a recommendation that $250,000 be utilized "to fund the enhancement of CP education at the six [SBC] seminaries" if the SBC Cooperative Program Allocation Budget exceeds its $182,323,110 goal.
The Cooperative Program, also known as CP Missions, was launched in 1925 as Southern Baptists' method of supporting missions and ministry efforts of state and regional conventions and the Southern Baptist Convention. CP Missions is a key support channel for Southern Baptists' 10,000-plus missionaries around the world and across North America, for the convention's ethics and religious liberty advocacy and for theological education for future ministers and missionaries provided by the six seminaries.
O.W. "Dub" Efurd Jr., who retires March 31 as executive-director-treasurer of the Hawaii Pacific Baptist Convention, underscores the mutual partnership of Baptists in Hawaii, Guam and Okinawa with the Southern Baptist Convention. Photo by Morris Abernathy
The overall budget will be presented to messengers for approval during the June 2003 SBC annual meeting in Phoenix.
The budget, as recommended by the Executive Committee, will continue to allocate:
-- 50 percent of receipts to the International Mission Board.
-- 22.79 percent to the North American Mission Board.
-- 21.64 percent to the seminaries. Specifically, according to the seminary enrollment formula, Southwestern Seminary would receive 5.30 percent; Southern Seminary, 4.33 percent; New Orleans Seminary, 4.25 percent; Southeastern Seminary, 4.09 percent; Golden Gate Seminary, 1.90 percent; and Midwestern Seminary, 1.54 percent.
Fermin Whittaker, executive director of the California Southern Baptist Convention, voices thanks for the Southern Baptist work supported through the Cooperative Program/CP Missions that helped lead him to Christ in 1953 in Panama. Photo by Morris Abernathy
-- 3.32 percent to the Executive Committee, encompassing the work of the EC between SBC annual meetings as well as the costs for each annual meeting.
-- .76 percent to the Annuity Board for its ministry to retired ministers whose annuities were underfunded during their careers.
-- .24 percent for the SBC Historical Library and Archives.
Also during the Executive Committee meeting:
-- Robert E. Reccord, president of the North American Mission Board, reported that NAMB was withdrawing its request to spin off the FamilyNet cable TV network as a for-profit entity. Read More