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I understand that at the time the United Methodist Protocol was negotiated in financial detail, the then-latest-available official reports showed that the UMCs denomination-wide unrestricted net assets, excluding fixed assets like buildings, was $118.839 million (as of the end of 2018).
What is the narrative budget of the UMC?
The narrative budget helps members of the congregation understand what the church is doing in ministry, evangelism, discipleship training, benevolences and missions. It is a connecting link between the contributor and the churchs ministries. A well-composed narrative budget will educate and inspire everyone.
What is the budget for the UMC 2025?
The proposed 2025-2028 budget of approximately $346.7 million is a reduction of nearly 43% from the previously adopted budget. The budget figures described here are based on the results of the most recent meeting of General Council on Finance and Administration with the Connectional Table in February.
What is the narrative budget of the church?
A narrative budget can be defined as the story of how your congregation practices good stewardship of the gifts entrusted to it. It provides a vision of where the church hopes to be in the coming year.
What is a cost narrative?
A budget narrative explains and justifies the projected costs attributed to each line item or category within the budget and ties the budget to the proposed deliverables and statement of work.
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How to create a budget proposal template Describe your project objectives. To introduce your project budget proposal, start with an overview of your project objectives. Summarize cost elements. Break down costs. Provide a cost summary. Submit for approval.
How do you write a budget narrative?
At a minimum, even for modest program budgets, its a good idea to describe each line item in the budget. Write a simple statement justifying why that expense is included. If you have a significantly larger expense item, one that sticks out from the rest, youll probably want to write a more thorough explanation.
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Budget Narrative SAMPLE
A budget narrative justifies line items. This sample shows salary ($54,818), fringes ($18,629), rent ($3,600), utilities ($1,800), and other costs like meeting supplies ($900).
(NOTE: The Budget Narrative is the justification of how and/or why a line item helps to meet the program deliverables. This document is only meant as a
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