Nenad Jepuranovi\u0107 sharing the Treasurer’s Report .<\/figcaption><\/figure>\nTithe Funds Use<\/strong><\/p>\n\u00a0<\/strong>Jepuranovi\u0107 outlined the allocation of tithes, revealing that they were distributed as follows: 27% for worker support and travel expenses, 23% for appropriations to Unions and entities, 15% for tithe sharing reversions earmarked for evangelism, 11% for appropriations to Newbold College, 23% for operations, including meetings and site costs, and 1% for \u2018other\u2019 purposes, including transfers and tithe exchanges.<\/p>\n![\"\"](\"https:\/\/ted.adventist.org\/news\/wp-content\/uploads\/2024\/11\/TED-YEM-2024-Treasury-Graphic-2.jpg\")
<\/span><\/p>\nSurplus Investment Funds<\/strong><\/p>\nOver the years, TED has accrued a significant ethical investment fund portfolio. As Jepuranovi\u0107 explained, the balance between accruing funds for future economic challenges and dispersing them for mission is a fine one. J\u00f3hann E. J\u00f3hannsson, former TED treasurer and current treasurer of the Norwegian Union Conference, appealed to the TED administration to find ways to use a more significant proportion of investment funds for projects and mission initiatives across the division.<\/p>\n
In response, Jepuranovi\u0107 explained that this is now a significant and shared conversation, in the spirit of “We are all in this together,” to experience this one-off opportunity to make impactful use of excess funds.” A formal proposal about how to best use the surplus will be brought to the 2025 Spring Meetings of the Executive Committee.<\/p>\n
2025 Budget<\/strong><\/p>\nWith the General Conference tithe sharing increasing to 2.5%, TED tithe sharing will remain at 5% of the division-wide tithe. The extra tithe-sharing arrangement, in which all conferences and unions give a share will be reduced from 0.6% to 0.5%. Regular appropriations to Attached Fields (Cyprus, Greece and Iceland) will increase by 5%. In addition to the extra tithe-sharing arrangement, the regular appropriation to Newbold College of Higher Education will increase in 2025 after being static for the past few years.<\/p>\n
Thanks<\/strong><\/p>\nEugine Korff, in attendance at the Year End Meetings from the General Conference in his role as Controller, expressed his thanks, among the many other expressions of appreciation, for Jepuranovi\u0107’s careful work, transparent and open sharing of information, and articulate description of the accounts.<\/p>\n
The 47 members and TED Executive Committee and 53 invitees accepted both reports presented by\u00a0 Executive Secretary and Treasurer.<\/p>\n
\n[Photos: James Botha]<\/p>\n","protected":false},"excerpt":{"rendered":"
A concerning membership trend, financial position good. <\/p>\n","protected":false},"author":37,"featured_media":20834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1592,1576,7,1579],"tags":[],"class_list":["post-20779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bosnia-herzegovina-montenegro-north-macedonia-serbia","category-leadership-development","category-news","category-stewardship-finances"],"_links":{"self":[{"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/posts\/20779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/comments?post=20779"}],"version-history":[{"count":29,"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/posts\/20779\/revisions"}],"predecessor-version":[{"id":20928,"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/posts\/20779\/revisions\/20928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/media\/20834"}],"wp:attachment":[{"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/media?parent=20779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/categories?post=20779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ted.adventist.org\/news\/wp-json\/wp\/v2\/tags?post=20779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/ted.adventist.org\/news\/wp-content\/uploads\/2024\/11\/Robert-630.jpg\")
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