Financial Reports and Budgets
The following is due OCTOBER 27, 2017
1. The completed budget worksheet (emailed directly to each ministry)
If you have fixed costs that are not listed on the spreadsheet, make use of the "other" line items in each section. Be sure to include an explanation/justification.
Long explanations that do not fit conveniently in a budget line should be placed at the bottom of the spreadsheet. If needed, you can attach additional notes, contexts, or explanations, so long as you are clear about the line items to which you are referring.
2. Please provide a copy of your complete 2018 budget.
3. Please provide a copy of your complete 2019 projected budget.
4. Please provide a copy of a year-to-date 2017 budget.
Our intent in the budgeting process is to fund the fixed costs of each Wesley Foundation, leaving each campus ministry with the responsibility to fundraise for program and ministry costs. Some grant monies will be provided for program costs but those grants will be relatively modest.
Our goal of this budget process is to provide more specificity in what is being funded by BHECM and to provide a higher level of accountability of Wesley Foundations to BHECM and of BHECM to the Conference Committee on Finance and Administration (CF&A). We believe that his new process will allow us to make a better case for increased funding.
