5. Tis policy may be amended by CF&A from time to time to meet changing situations and to enhance the income of the conference.
L. CONFERENCE RESERVE FUND: Tere shall be a Reserve Fund to provide adequate cash flow for financing conference operation. Our long term goal is to hold a 10% reserve. At the end of 2009, the Conference had reserve funds of $1,395,874 or 10.16% of the 2010 conference apportioned budget.
M. BISHOP’S DISCRETIONARY FUND. Tere shall be a “Bishop’s Discretionary Fund” within the “Bishop’s Office Support” line item funded through Conference Administration. Te resident Bishop has complete discretion to use these funds. Te Missouri Conference confirms and directs that no portion of the Fund, nor any earnings from the Fund, may be used to benefit the Bishop or members of his/her family personally. As well, the Missouri Conference confirms and directs that no portion of the Fund, nor any earnings from the Fund, may be used for any purpose which would constitute impermissible “private inurement of benefit” to any person within the meaning of Federal tax laws governing nonprofit, charitable, tax-exempt organizations. Te CFA executive committee will review the fund annually.
II. Recommendations on General Church and Conference Support
A. WORLD SERVICE: Tere shall be a World Service Fund apportioned on the decimal. Te World Service apportionment represents the mission outreach and program of our United Methodist Church. Te General Conference requests the World Service apportionment amount of the Annual Conference.
B. MINISTERIAL EDUCATION FUND: Tere shall be a Ministerial Education Fund apportioned on the decimal. Tis fund is requested of the Annual Conference by the United Methodist General Conference to support the training of clergy. Twenty five percent of the amount raised is retained by the Annual Conference to be administered by the Ordained Ministry Team.
C. EPISCOPAL FUND: Tere shall be an Episcopal Fund apportioned on the decimal. Tis fund is requested of the Annual Conference by the United Methodist General Conference to support the Bishop’s office.
D. BLACK COLLEGE FUND: Tere shall be a Black College Fund apportioned on the decimal. Tis fund is requested by the General Conference and is used to support current operating budgets and capital improvements of the Black colleges related to the United Methodist Church that have historically served primarily the educational needs of black students.
E. GENERAL ADMINISTRATION FUND: Tere shall be a General Administration Fund apportioned on the decimal. Tis fund is requested by the General Conference and is used for the expenses of the sessions of the General Conference, the Judicial Council, such special commissions and committees as may be constituted by the General Conference, and such other administrative agencies
2010 Missouri Conference Journal F-31
Rules & Policies
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