June 29, 2010
The Christian and Missionary Alliance met and even exceeded its $36,947,015 budget with a surplus at the close of the fiscal year. The fiscal year ends June 30, 2010. Now what?
Allocations of additional funds will be held in reserve until revenue trends in the new fiscal year are determined. If allocations are made, we will follow this formula.
- Cash reserves to equal 40 days.
- After the cash reserve target is met, 85% of the remainder would be allocated to International Ministries and Church Ministries. From this amount, 75% would be appropriated to International Ministries and 25 % to Church Ministries.
- The remaining 15% would be allocated to Development and Operations/Finance.
We invite you to consider giving an extra gift to the GCF to further the mission of Christ through the Great Commission Fund today!
Give now to the GCF using the secure online giving tool.