Covenant Community (Asheville)

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GCFA Number: 290277

Change Expense Year

Factors used in calculation of your 2023 apportionments:

Total 2023 apportionments: $13,332,465

Average Net Expenditures: $167,091,142

Multiplier: 0.0797913632

Churches Three Year Average: $461,015

The Conference Apportionment Funds for 2023 have been calculated for each local church on the basis of the church's average "net expenses" for the years 2019, 2020, and 2021 as reflected in the annual reports from the churches and pastors. Those numbers for your church are shown below. Each of the apportionments is calculated separately for each church and rounded to the nearest dollar; however, you can figure the total of the funds for your church, within a dollar or two, with the following formula: multiply your three-year average by the multiplier (which is the figure obtained by dividing the total 2023 funds by the average net expenditures of all the churches).
Effective Year 2021 2020 2019
Pastor(s) Pension Benefits Premiums $8,472 $6,354 $8,472
Pastor(s) Health Benefits Premiums $13,856 $10,088 $12,572
Compensation - Senior Pastor $79,797 $79,797 $79,797
Compensation - Associate Pastor(s) $0 $0 $0
Compenation - Deacon(s) $0 $0 $0
Housing - Senior Pastor $18,000 $18,000 $18,000
Housing - Associate Pastor $0 $0 $0
Housing - Deacon $0 $0 $0
Reimbursements - Accountable (All Clergy) $631 $0 $329
Reimbursements - Non-Accountable (All Clergy) $0 $0 $0
Compensation - church staff and diaconal ministers $181,517 $198,271 $252,333
Church Program Expenses $38,288 $35,398 $49,971
Church Operating Expenses $88,284 $83,414 $101,403
Total $428,845 $431,322 $522,877
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