budget

Bishops
With increased giving and reduced expenses, the Episcopal Fund that supports bishops’ work is in better shape. The General Council on Finance and Administration board voted to give bishops their first raise in three years, but the board still sees challenges ahead for the fund. General Council on Finance and Administration episcopal services department graphic, courtesy of GCFA.

Funding for bishops improves but still shaky

With increased giving and cost savings from retirements, the fund that supports United Methodist bishops is in better shape. Financial leaders approved the bishops’ first raise in three years.
General Church
Saving Grace offers clergy, laity and congregations a Wesleyan approach to financial planning. Image courtesy of the United Methodist Publishing House’s Abingdon Press.

A Wesleyan take on personal finance

United Methodist agencies collaborate on Saving Grace, a money-management program for clergy and laity.
General Agencies
The Kern Building, owned by Discipleship Ministries and the United Methodist Board of Higher Education and Ministries since 1950, stands like a beacon in Nashville, Tenn. The two agencies sold the building to Vanderbilt University on July 15. Photo by Mike DuBose, UM News.

Agencies sell jointly owned building

Discipleship Ministries and the United Methodist Board of Higher Education are among the most recent agencies to consolidate space following the upheavals of COVID-19.
General Agencies
During a June 25 online meeting, the General Council on Finance and Administration board voted to update local-church statistical forms to include the option of non-binary under the category of gender. This change only affects the U.S. Excerpt of the current church statistical form highlighted for emphasis by UM News.

Church to start counting non-binary members

The board of The United Methodist Church’s finance agency approved adding the term “non-binary” alongside “male” and “female” on church statistical forms. The change only affects U.S. congregations.

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