Important Information for 2013 Budget Planning in Your Faith Communities

We have received several questions about outcomes from the 2011 Annual Convention of the Episcopal Church in Minnesota that impact the development of budgets for 2012 for each faith community.

• 2013 Mission and Ministry Support (MMS) formula: Congregations with Line A Revenue from their 2010 Parochial Report of $300,000 or more will be assessed at the rate of 13.0% of Line A. Congregations with Line A Revenue from their 2010 Parochial Report of less than $300,000 will be assessed at the rate of 11.0% of Line A. Use the 2013 MMS Calculator for Congregations.
• Automatic Payment Request Form
• Self-Employment Tax Allowance (SECA, a.k.a. Social Security). Click the link for more information.
• 2012 Priest and Transitional Deacon minimum compensation guide

The full set of Apportionment, Compensation/Benefits, Insurance and Tax Policies, Procedures and Guidelines is being revised and updated and will be available following review by the Council Finance and Personnel Committees.

Financial Resources for Clergy

Clergy Housing Allowance Worksheet
Clergy Compensation Calculator
Financial Planning and Tax Information for Clergy and Lay Employees
Changes in clergy assignments and compensation

Parochial Reports

2012 Parochial Reporting information will be available in December.

Audit Information

EDMN Model Audit Program
Manual of Business Methods in Church Affairs – Go to Chapter VI Audits
Audits – Canon 703.3

Financial Resources for Churches

Manual of Business Methods in Church Affairs
Parish/Mission Financial and Statistical Data Template 2012

Church Pension Group

Church Pension Group website
2011 Federal Reporting Requirements for Episcopal ChurchesChurch Life Insurance Group Rates 2013