News Articles

With one month to go, SBC CP up $7 million; $12 million over budget

NASHVILLE, Tenn. (BP)–With one month left in the Southern Baptist Convention fiscal year, SBC Cooperative Program receipts are more than $12 million over budget and more than $7 million over the same period a year ago, according to Morris H. Chapman, president and chief executive officer of the SBC Executive Committee.
For the month of August 1999, CP receipts totaled $14,046,612, slightly less than the same month a year ago of $14,185,671, a decrease of $139,058 or .98 percent.
For the fiscal year to date, CP receipts totaled $154,410,331 compared to the same period last year of $147,113,289, an increase of $7,297,041 or 4.96 percent.
Designated gifts also are up over a year ago, $149,357,163 compared to last year of $148,044,621, an increase of $1,312,541 or .89 percent. Designated gifts for the month of August 1999 were $4,029,330 compared to August 1998 of $3,680,315, an increase of $349,015 or 9.48 percent.
For the 1998-99 SBC Cooperative Program Allocation Budget, the required budget figure for 11 months is $142,088,579 which has been surpassed by $12,321,751 in CP receipts for the year to date, an increase of 8.67 percent. The monthly budget requirement is $12,917,143, which was surpassed in August by $1,129,469 or 8.74 percent.
The SBC Cooperative Program total includes receipts from individuals, churches, state conventions and fellowships for distribution according to the 1998-99 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.