MNO SynodMNO SynodOverview of 2007Overview of 2007

Financial StatementsFinancial StatementsPresented toPresented to

12th Biennial Convention12th Biennial ConventionDauphin, MBDauphin, MB

April 25, 2008April 25, 2008

Two Types of Income Two Types of Income StreamsStreams

►Unrestricted (towards operating budget)Unrestricted (towards operating budget) Benevolence Remittances from Benevolence Remittances from

CongregationsCongregations Special AppealsSpecial Appeals

►Toonie SundaysToonie Sundays►Second Mile GivingSecond Mile Giving

Funding from other sourcesFunding from other sources►National Church re stewardshipNational Church re stewardship

►Restricted (also known as Directed Gifts)Restricted (also known as Directed Gifts) Gifts for designated purposesGifts for designated purposes

►CLWR, GHDA, Cameroon Appeal, etc.CLWR, GHDA, Cameroon Appeal, etc.

General Benevolence Almost Flat-linedGeneral Benevolence Almost Flat-lined

► 1% increase 1% increase from 2006 to from 2006 to 20072007

500,000

525,000

550,000

575,000

600,000

625,000

2006 2007

Receipts from Special AppealsReceipts from Special Appeals(In Support of Operating (In Support of Operating

Budget)Budget)

►Down Down 30%30%

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

2006 2007

A Rough Guide as to how we spent A Rough Guide as to how we spent operating funds in 2007operating funds in 2007

(see p.65)(see p.65)WhereWhere How muchHow much %%

Bishop Elaine and the staffBishop Elaine and the staff $228,000$228,000 3535

People support (0ffice, People support (0ffice, travel)travel)

$73,600$73,600 1111

National ChurchNational Church $170,000$170,000 2626

LTS, SaskatoonLTS, Saskatoon $79,000$79,000 1212

Programming through Programming through CommitteesCommittees

$78,000$78,000 1212

Luther VillageLuther Village $19,600$19,600 33

Directed Gift Receipts in 2007Directed Gift Receipts in 2007($164,000)($164,000)

► Two-thirds of Two-thirds of giving giving directed to directed to relief & relief & development development aidaid

► No change in No change in total giving total giving (2006-2007)(2006-2007)

Other

GHDA &CLWR

Flow through funding: gifts forwarded to various designated agencies

Additional Directed GivingAdditional Directed Giving

► $66,000 $66,000 raised in raised in 20072007

► Pastor Pastor Jack and Jack and Val in Val in Cameroon Cameroon overseeinoverseeing projectsg projects

Other Financial ResourcesOther Financial Resources(p. 70)(p. 70)

►Approx. $180,000 (excluding Approx. $180,000 (excluding Cameroon)Cameroon)

►50% designated to mission 50% designated to mission development within MNOdevelopment within MNO

►18% is balance of First English Legacy 18% is balance of First English Legacy funds used to launch LUMfunds used to launch LUM

►8% is in a Seminary Student Aid fund8% is in a Seminary Student Aid fund

Internally Restricted AssetsInternally Restricted Assets(see p. 71)(see p. 71)

►Mostly small pools of funds set aside in Mostly small pools of funds set aside in previous years for set purposesprevious years for set purposes

►Total available: approx. $63,000Total available: approx. $63,000►Major increment in 2007Major increment in 2007

Gift from Faith, Winnipeg ($30,000)Gift from Faith, Winnipeg ($30,000) Designated for new initiativesDesignated for new initiatives Synod Council visioning process to Synod Council visioning process to

determine use of funds received from determine use of funds received from Faith, Winnipeg.Faith, Winnipeg.

Two TalesTwo Tales

► In Mission for OthersIn Mission for Others Designated giving remains Designated giving remains

strongstrong The Cameroon experience The Cameroon experience

demonstrated room for demonstrated room for growthgrowth

►Day to Day operationsDay to Day operations 2007 was a break even year2007 was a break even year Margin for error is slim. Margin for error is slim.

Unrestricted reserves are Unrestricted reserves are almost depleted.almost depleted.

Re-establish “second-mile” Re-establish “second-mile” givinggiving

Other MinistriesOther Ministries(p. 75)(p. 75)

►Wholly-owned subsidiariesWholly-owned subsidiaries Luther VillageLuther Village Lutheran Urban MissionLutheran Urban Mission

►MNO Foundation for Mission and MNO Foundation for Mission and MinistryMinistry

MNO FoundationMNO Foundation

►Established with proceeds of sale of Established with proceeds of sale of Sunrise CampSunrise Camp

►Additional bequests, gifts to enlarge Additional bequests, gifts to enlarge the fund are welcomedthe fund are welcomed

►Endowment stands at $191,000Endowment stands at $191,000►Approximately $5,000 per year in Approximately $5,000 per year in

interest is transferred to MNO Synodinterest is transferred to MNO Synod►Funds used to support Youth and Funds used to support Youth and

Mission-minded projects initiated by Mission-minded projects initiated by MNO congregations.MNO congregations.