unofficial cm page


Article


UM Excess Cash Reserves Increase 158 Million in 1997 To Over Half-Billion


General Council on Finance and Administration's Official Report of General Agency Reserves for 1997 (Latest Report)

(See Layman's Version for Non-CPA's)

    Unrestricted Restricted
    No
Designation
Board
Designated
Plant
Designated
Total
Unrestricted
    General
Conference
Temporarily Permanently Total
Net Assets
Agency                      
                       
Board of Church and Society   14,486,593 1,139,742 - 15,626,335     - 2,562,408 - 18,188,743
Board of Discipleship   3,449,334 5,698,077 2,879,605 12,478,978     - 368,991 356,720 13,204,689
  7,955,752 1,124,386 5,156,107 14,236,245     - - - 14,236,245
Board of Global Ministries   102,286,089 67,325,888 - 169,611,977     4,491,793 94,350,338 95,665,353 364,119,461
  13,502,569 - - 13,502,569     - 6,312,469 332,869 20,147,907
  117,139 - - 117,139     - 538,821 48,000 703,960
    No
Designation
Board
Designated
Plant
Designated
Total
Unrestricted
    General
Conference
Temporarily Permanently Total
Net Assets
Board of Higher Education and Ministry   355,134 29,947,230 1,304,981 38,740,867     - 17,961,957 8,156,226 64,859,050
  - 18,682,535 - 18,682,535     - - - 18,682,535
Commission on Archives and History   778,316 - - 778,316     - 4,586 119,596 902,498
Commission on Christian Unity and
Interreligious Concerns
  488,841 - - 488,841     - 48,137 - 536,978
Commission on Religion and Race   563,465 75,275 31,864 670,604     - 1,002,604 - 1,673,208
Commission on Status and Role of Women   309,913 40,000 21,984 371,897     - 28,727 - 400,624
United Methodist Communications   4,279,312 2,077,182 2,409,689 8,766,183     - 377,658 22,590 9,166,431
    No
Designation
Board
Designated
Plant
Designated
Total
Unrestricted
    General
Conference
Temporarily Permanently Total
Net Assets
National Youth Ministry Organization   164,618 30,696 - 195,314     - 8,339 - 203,653
Council on Ministries   854,815 - 206,563 1,061,378     - 584,644 - 1,646,022
Council on Finance and Administration   (39,429) 200,000 - 160,571     - - - 160,571
  - - - -     1,435,151 - - 1,435,151
  - - - -     - - 3,146,894 3,146,894
  - - - -     - 327,837 - 327,837
  - 4,158,316 - 4,158,316     - - - 4,158,316
    No
Designation
Board
Designated
Plant
Designated
Total
Unrestricted
    General
Conference
Temporarily Permanently Total
Net Assets
Commission on United Methodist Men   60,022 - - 60,022     - 456,792 - 516,814
  $149,612,483 $130,499,327 $12,010,793 $299,708,087     $5,926,944 $124,934,308 $107,848,248 $538,417,587
   114,428,842  90,066,622  11,339,688 222,337,556     - 68,466,752 89,761,039 380,565,347
  $ 35,183,641 $40,432,705 $671,105 $77,370,531     $5,926,944 $56,467,556 $18,087,209 $157,852,240

Layman's Version

In 1997 UM General Agencies received $157,852,240 more then they were able to spend. This excess of income over expense (profit in a business) increased the amount of Excess Funds to a whopping $538,417,587!  That is more than half a billion dollars of unspent funds.

Year

Total Excess Funds

1996 Funds

$380,565,347

+ increase

$157,852,240

= 1997 Funds

$538,417,587

wpeC.jpg (17033 bytes)

Of the $157,852,240 increase in Excess Funds only $18,087,209 is unspendable because it is designated to be held as an endowment with only the interest available to be spent.

Spendable

Unspendable

$139,765,031

$18,087,209

The Excess Funds Pie increase is broken down again to add another slice. Remember this is just the increase in excess funds and not the half-billion dollar Excess Funds Pie we are examining.  The first slice is the same as unspendable funds above and is called permanently restricted.   The spendable slice above is sliced into unrestricted and temporary restricted funds in the pie below.  The unrestricted funds have no strings attached.  The temporary restricted funds have strings attached by the agency or by the donor like Advance Special Giving.  The temporary restricted funds can measure how much the agencies are behind or unable to spend the funds that were given for specific reasons.   The unrestricted funds can measures how much the agencies do not need the money they have asked for in apportionments and donations.  In other words, the requests for our money far outpaces the agencies ability or need to spend it!

Unrestricted

Temporary

Permanent

$77,370,531

$62,394,500

$18,087,209

fundsb5.gif (14377 bytes)

Remember that we are dealing with Excess Funds above and beyond the General UM Agencies ability or need to spend it in 1997.  This has created an almost obscene amount of cash reserves of over half a billion dollars.


Layman's Version by John Warrener, MDiv., MBA (Master Degree in Business Administration)

[Click] button If you would like to add your yourcomments.gif (1566 bytes) to the UCM Article


<Back to News