Important Information for 2014 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.
- 2014 Mission and Ministry Support (MMS) formula: Congregations with Line A Revenue from their 2012 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 2012 Parochial Report of less than $300,000 will be assessed at the rate of 11.0% of Line A.
- 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
2013 Parochial Reporting information will be available in December.