CP contributions lagging for fiscal-year budgetcomment (0)
June 12, 2014
Year-to-date gifts through the Cooperative Program (CP) nationwide are 1.37 percent below the budgeted amount.
The $125,918,507.10 received by the Southern Baptist Convention (SBC) Executive Committee (EC) for the first eight months of the fiscal year, Oct. 1 through May 31, for distribution through the CP Allocation Budget represents 98.63 percent of the $127,666,666.67 year-to-date budgeted amount to support Southern Baptist ministries globally and across North America.
The year-to-date total represents money received by the EC by the close of the last business day of May and includes receipts from state conventions, churches and individuals for distribution, according to the 2013–14 SBC CP Allocation Budget.
The total is $883,585.72 or 0.70 percent less than the $126,802,092.82 received through the end of May 2013.
May’s CP allocation receipts for SBC work totaled $16,788,260.12. Designated gifts received amounted to $17,349,519.01.