Title: Treasurers Report
1Treasurers Report
2006
2The Evangelical Covenant Church
AnnualMeeting
ExecutiveBoard
3The Evangelical Covenant Church Assets Under
Management
( in millions)
4The Evangelical Covenant Church Revenues
( in millions)
5Conferences and Regions
6Mission Fields
7Local Church Attendance
8- 21.2 of all congregations are now ethnic or
multi-ethnic
9Mission Impact
World Mission
Members
Churches
10Women in Ministry
11Women in Ministry
- Number of senior pastors, co-pastors and church
planters
12Budget and Related Activities
Midwinter
CHIC
AnnualMeeting
Covenant Coordinated Budget
Hurricane Relief
Tsunami Relief
CovenantWorld Relief
Paul CarlsonPartnership
Projects
13Relief Tsunami Hurricane
- Gifts Contributed
- Tsunami Relief 2,019 1,008,939
- Hurricane Relief 2,135 ,1276,008
- Total 4,154 2,284,947
14Covenant World Relief
- 20031,014,772
- 20041,036,320
- 20051,397,992
- Total3,449,084
15Other Initiatives
Paul Carlson Partnership 1,223,000(2004 and
2005)
Keystone Challenge 123,000
16Aggregate Giving (20032005)Selected Non Budget
Items
Covenant World Relief
Hurricane Relief
Tsunami Relief
1
3
6
6
7
8
7
,
,
___ ___ ___ ___ ___ ___ ___
China Mission
Keystone Challenge
Paul Carlson Partnership
17Local Church Giving to Covenant Coordinated Budget
( in millions)
18ECC Financial Results
- Church Giving
- Church Giving(including Keystone)
- Net Income
? 1.6 ? 2.9 37,000
19The Evangelical Covenant Church
- World Mission
- Church Growth and Evangelism
- Christian Formation
- Ordered Ministry
- Administration
20Covenant WebsiteAverage Monthly Pages Accessed
21The Evangelical Covenant Church
- Covenant Communication
- Women Ministries
- Covenant Development Corporation
- Paul Carlson Partnership
22Benefits Good News
- Pension
- 15 increase in minimums
- Bethany (insurance)
- No 2006 rate increase
- Saved local churches 1,000,000
23Assets of Pension Fund
( in millions)
24Pension Benefits
( in thousands)
25Minimum Monthly Pension Benefit Ministers
Monthly Payment
26Covenant Pension PlanAsset Allocation Targets
Alternative Investments
Absolute Return
International Equity
Fixed Income
Small Cap Equity
Large Cap Equity
27Medical Insurance Rate Increases
Comparable market rate increases
Cost aving
Bethany rate increases
28Bethany Benefit ServicesBenefits Provided
- Medical (Provider Networks)
- Dental
- Life Insurance
- Long Term Disability
- Employee Assistance Program
- Long Term Care Insurance
29Bethany Medical Care Inflation Outlook
- Prescription drugs
- Aging workplace
- Improved expensive medical technology
- Aggressive diagnosis and preventative treatment
- Saturation of managed care
30National Covenant Properties Assets
( in millions)
31THE Loan Source for Covenant Churches
- Of the churches that have loans, over 85 have
loans with NCP
32Covenant Trust Company 2005 Record Results
- New business 32.6 million
- Distributions 17.0 million
- New business to conferences 39.4
- Assets 368 million
33Covenant Trust CompanyAssets Under Management
( in millions)
34North Park University Enrollment
Total 3,161
Number of Students
Graduate College
Graduate Seminary
Non-Traditional Undergraduate
Traditional Undergraduate
35Leadership Development
36Covenant Ministries of Benevolence
- Swedish Covenant Hospital
- Life Center
- Emanuel Medical Center
- Covenant Retirement Communities
37Covenant Ministries of Benevolence
- Compassion and Justice Ministries (Churches
Planting Ministries) - Childrens Home
- Covenant Enabling Residences
- Affordable Housing
38Audit Report
2006
39Treasurers Report
2006