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SBC Cooperative Program totals for October down

NASHVILLE, Tenn. (BP)–Totals for the first month of the SBC Cooperative Program Allocation Budget year were down compared to the same period last year although above the monthly budget requirement, reported Morris H. Chapman, president and chief executive officer of the SBC Executive Committee.
For October 1999, SBC CP receipts totaled $14,031,208 compared to October 1998 of $15,526,056, a decrease of $1,494,847 or 9.63 percent. The SBC finished its 1998-99 fiscal year at the end of September with a sixth consecutive year of record Cooperative Program gifts.
In designated gifts for the month of October, $2,524,179 was received compared to October 1998 of $2,216,392, an increase of $307,786 or 13.89 percent.
For the first month of the SBC Cooperative Program Allocation Budget for 1999-2000, the required monthly total of $13,298,645 was surpassed by $732,563 or 5.51 a percent increase.
The SBC Cooperative Program total includes receipts from individuals, churches, state conventions and fellowships for distribution according to the 1999-2000 Cooperative Program Allocation Budget.
The Cooperative Program is Southern Baptists’ method of supporting missions and ministry efforts of state and regional conventions and the Southern Baptist Convention. Designated contributions include the Lottie Moon Christmas Offering for international missions, the Annie Armstrong Easter Offering for North American missions, world hunger and other special gifts.
State and regional conventions retain a percentage of Cooperative Program contributions they receive from the churches to support work in their areas and send the remaining funds to the Executive Committee for national and international ministries. The percentage of distribution is at the discretion of each state or regional convention.

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