Division Finances Good in Challenging Times, NAD Treasurer Reports
Year-end meeting votes to raise remuneration base pay, first time in four years
BY MARK A. KELLNER
, nws editor
, Adventist Review
espite a U.S. economy still in the doldrums, with unemployment hovering around 9.1 percent, finances for the Seventh-day Adventist Church in North America are good in challenging times. Although, for the second year running, the North American Division is dipping into its cash reserves to make up a shortfall, tithe income is up and prospects are improving, NAD Treasurer Tom Evans said October 31.
“We are holding our own through September 2011, with about a 3.2% gain in giving,” Evans said. “We hope this trend will continue the balance of the year,” he added, noting that December is generally the top month in terms of tithe revenue.
FINANCIAL REPORT: NAD Treasurer Tom Evans informs Year-End Meeting delegates of the church region's financial picture. [PHOTO: George Johnson/NAD]
Tithe receipts for the North American Division in 2010 were $887,976,938, up from $877,932,566 in 2009. The Southern Union led the region in tithing, with members contributing $187,309,296, followed by the Pacific Union at $159,865,303. Tithe receipts today are about $200 million more than in 2001, and while the overall trend is positive, there was a decrease, year-over-year in 2009.
In 2010, Evans reported, the NAD had daily expenses of $266,222, but also had 223 days of cash on hand, an increase of 19 days over 2009, when the daily payout was $270,869.
The following morning, NAD delegates debated – and approved, in a secret ballot – an increase of 2.35 percent in the monthly base salary, or “remuneration factor,” for employees in the division. The pay scale also covers employees of the General Conference of Seventh-day Adventists at the world headquarters in Silver Spring, Maryland.
Starting in July 2012, the monthly base remuneration will go from $4,095 to $4,160, and is the first increase denominational employees will have seen in four years, a period in which the U.S. Consumer Price Index has risen by almost 8.9 percent, according to the U.S. Bureau of Labor Statistics.
There are 1.13 million Seventh-day Adventists in North America, worshipping weekly in 6,000 congregations. The division is also where the 148-year-old movement was formally organized, in 1863.