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ILLINOIS BAPTIST STATE ASSOCIATION 2021 Budget
from 2020 IBSA Annual
by IBSA
1. For context: IBSA’s highest annual CP receipts to date were in 2009 at $6,640,960. 2019 CP receipts were $6,205,594, up 3.5% compared to 2018. Weekly receipts through July 2020 are about 10% behind 2019. If this were to continue, 10% lower than 2019 CP at year-end 2020 would be $5,585,360.
2. Lifeway reduced its financial support to state conventions during the economic downturn of early 2020 and do not now plan to provide this support at all in 2021.
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3. Due to evolving strategies in how NAMB may provide future funding through state conventions, IBSA plans to receive NAMB funding as designated funding for specific projects or purposes, rather than as income through the operating budget. NAMB continues to fund church planters approved through its Send Network process, and through at least September 2021 will provide funds through state conventions for evangelism and church planting development
4. Other Income will increase starting in 2020 and continue into 2021, due to a new Parking Lot Lease with the Wingate Hotel.
5. MIO income is based on the previous year's (2020) offering and is projected for 2021 by looking at the 2019 actual offering.
6. Lower income projections from Cooperative Program and LifeWay may require an increased draw on IBSA reserves.
7. The decrease in Cooperative Program funds sent to the national SBC is due to a projected decrease in CP giving from IBSA churches.
8. An increase in the number of churches engaged in revitalization is projected for 2021.
9. Per footnote #3 above, most expenses related to NAMB funding have been removed from the operating budget. Some accounts have also been shifted between Leadership Development and Training and Mobilization, affecting year-to-year team comparisons.
10. Reflects the increased cost of employee benefits and increases in IBSA building maintenance.
11. The frequency of the Illinois Baptist newspaper was reduced from 16/year to 12/year for 2021.
12. Up slightly due primarily to modest salary increases.
