Finance

“Taking the five loaves and two fish and looking up to heaven, Jesus gave thanks and broke the loaves. Then he gave them to the disciples who gave them to the people. They all ate and were satisfied, and the disciples picked up twelve baskets and broken pieces that were left over.”   

– Matthew 14:19-20

The Office of Finance and Administration oversees the resources of the Baltimore-Washington Conference, which includes an annual budget of more than $14 million. The Council on Finance and Administration directs the conference’s funds in a manner that enables the conference to call, equip, send and support discipling leaders.

As a result of the coronavirus pandemic, and in response to the financial needs of our churches, the Conference Board of Trustees, Board of Pensions, and Council on Finance and Administration have taken several actions.  Announced on March 20, 2020, beginning with the April 2020 medical and pension invoice and extending through and including June 2020, local churches will not be billed for the local church component of the Conference Sponsored Pension and Health Benefits Plans.  Benefit obligations waived include Employer Pension Premiums (CRSP-DB, CRSP-DC, and CPP/UMLife Option); and Employer HealthFlex Premiums ($860/month per participant). This waiver will not impact the benefits received by any of the participants.  See our resource page here.

In addition, an e-mailed announcement went out from the BWC on March 26. Read it, along with FAQs, here.   Read about Local Church Financial Relief and Consultations