Local Church Financial Reporting
Local churches support their cooperative, national ministries through the Partnership Fee: 3.5% of their total income. It’s the same for every church. This amount is a substantial reduction of the “assessments” churches paid prior to 2006, which typically ran 10-12%. We want to keep resources in our churches.
We let churches deduct three types of income:
- Missions giving (both to UB and non-UB missions).
- New construction.
- Estate gifts.
All other income is then subject to the 3.5% fee.
Churches are to send a check by the 15th of the month to cover the preceding month (for example, send a check by February 15 to cover the month of January).
The amount is calculated this way:
Report Form |
|
| Total income for the month: | $ ________ |
| Subtract funds given to mission work (UB and non-UB): | $ ________ |
| Subtract funds given for new construction: | $ ________ |
| Subtract any estate gifts: | $ ________ |
| Subtotal: | $ ________ |
| 3.5% of the subtotal (.035) | X .035 |
| Final Total: | $ ________ |
Example: |
|
| Total income for the month: | $8,600.00 |
| Subtract funds given to mission work (UB and non-UB): | $1,800.00 |
| Subtract funds given for new construction: | $900.00 |
| Subtract any estate gifts: | $500.00 |
| Subtotal: | $5,400.00 |
| 3.5% of the subtotal (.035) | X .035 |
| Final Total: | $189.00 |
