New Covenant (Mount Holly)

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GCFA Number: 294264

Change Expense Year

Factors used in calculation of your 2021 apportionments:

Total 2021 apportionments: $13,747,745

Average Net Expenditures: $191,364,498

Multiplier: 0.0718406243

Churches Three Year Average: $340,007

The Conference Apportionment Funds for 2021 have been calculated for each local church on the basis of the church's average "net expenses" for the years 2017, 2018, and 2019 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 2021 funds by the average net expenditures of all the churches).
Effective Year 2019 2018 2017
Apportionments Paid $25,953 $27,664 $28,413
District Apport Paid (2019 only, other years in App Paid) $2,558 $0 $0
Pastor(s) Pension Benefits Premiums $8,928 $9,067 $9,413
Pastor(s) Health Benefits Premiums $12,439 $11,643 $10,778
Compensation - Senior Pastor $78,872 $76,400 $73,999
Compensation - Associate Pastor(s) $0 $0 $0
Compenation - Deacon(s) $0 $0 $0
Housing - Senior Pastor $6,000 $6,000 $6,000
Housing - Associate Pastor $0 $0 $0
Housing - Deacon $0 $0 $0
Reimbursements - Accountable (All Clergy) $2,141 $0 $0
Reimbursements - Non-Accountable (All Clergy) $0 $2,170 $2,335
Compensation - church staff and diaconal ministers $96,806 $97,170 $94,649
Church Program Expenses $30,659 $26,175 $28,552
Church Operating Expenses $83,118 $85,431 $76,689
Total $347,474 $341,720 $330,828
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