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- 3/19 | CPM 9:30 at PEVA
- 3/20 | SMT 10:30 at PEVA
- 3/21 | Educators at Grey Goose
- 3/30 | Growing Spiritual Leaders at Hidenwood
- 4/2 | COM 4:00 at PEVA
- 4/6 | PW Spring Gathering at Providence PC
- 4/8 | Interims 12:00 at PEVA
- 4/8 | Council 2:00 at PEVA
- 4/12 | REPORTS DUE (PEVA Packet)
- 4/16 | CPM 9:30 at PEVA
- 4/17 | SMT 10:30 at PEVA
- 4/18 | PEVA Packet posted
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Home > Financial Business Matters
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2019 Stewardship Letter and Church Pledge Forms
Church Pledges are due by Saturday, January 26, 2018
PEVA Has Approved a COLA of 1.9% for 2019
At the 116th Stated Meeting of PEVA on October 23, 2018, at Green Acres Presbyterian Church, the Presbytery approved a 1.9% Cost of Living Increase.
BOP UPDATES - Highlights Spring 2019 Board Meeting
APPORTIONMENT INCREASE - Board of Pensions approves 3.6 percent experience apportionment - effective July 1st
NEW GRANT - New grant for organizing pastors, evangelists - Support minister well-being and presbytery efforts to establish new congregations and spread the good news. Grants will be available to presbyteries to help finance Pastor’s Participation dues for organizing pastors and evangelists who work at least 20 hours a week. The one-year grants will be renewable for up to five years. Dues will be fully covered for the first three years, with two-thirds coverage in the fourth year and one-third during the fifth year. The application period will open in May, when more details will be available.
NEW GRANT - Dental services and hearing aids of Retiree Medical Grants - which will be available through the Assistance Program. Retirees, spouses and surviving spouses may each receive, once every three years, a need-based grant of up to $2,500 to help them pay for dental services and or hearing aids. The new grant will take effect July 1. Eligibility details and applications will be available in May.
Fixed limits on death, disability benefits to increase - Effective January 1, 2020, action by the Board of Directors will result in increases to the minimum amount payable under the salary continuation benefit (from $9,000 to $10,000), and to the maximum lump-sum death benefit basis and the maximum disability benefits basis (from $100,000 to $110,000). Learn more.
Members receiving disability benefits to see increase - 2 percent increase for members receiving disability benefits as of December 31, 2018. The increase, effective July 1, 2019, is intended to prevent the erosion of disability benefits through inflation. Learn more.
For more information visit http://www.pensions.org
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Mileage
2019 standard mileage rates are: 58 cents per mile for business miles driven, 20 cents per mile driven for for medical or moving purposes and 14 cents per mile driven in service of charitable organizations. MILEAGE FORM 2019 PEVA For more information, visit www.irs.gov
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Moving Expenses
No Longer Tax Free
Mid councils, churches, and ministers should be mindful of this change in tax treatment for moving expenses as terms of call are being negotiated for new pastoral relationships that involve a qualifying move. CLICK HERE TO LEARN MORE
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BOP - Summary of Changes for 2019
The PC(USA) BOARD OF PENSIONS summarized the 2019 Benefits Coverage for members beginning in 2019.
CLICK HERE to read the entire 2019 PPO overview
CLICK HERE to read the entire 2019 HDHP/HSA overview
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Unified Mission Giving Undesignated
Support the Ministries of PEVA, SYNOD of the MID-ATLANTIC & PCUSA
Annually member churches develop their budget for supporting the Presbytery through their pledges to PEVA for Unified Mission Giving Undesignated which supports the Presbytery’s annual operating budget that funds the Presbytery’s on-going, day-to-day ministries. Many churches also, concurrently, develop their plan for giving designated ministries. Other churches plan their giving to designated ministries at another time in the church’s calendar. Whichever, the case the summaries provided here may be useful in your designated giving decisions.
Retention for Church Records
PEVA recommend retention list:
Keep everything 7 years except the following which must be kept permanently.
Deeds, mortgages, bills of sales for major purchases
(if property is unsold)
Audit /Financial Statements, Property appraisals / Assessments, Insurance Claims of injury/ damage, Chart of accounts, Cash books, Legal Papers, Session & Congregational Minutes, Tax returns/ Payroll Tax Returns, Student Records, Church Rolls & Registries, and Church History.
Minutes-permanent, Annual reports-permanent, Reports-permanent, Bylaws/charters-permanent, Incorporation records-permanent, Annual budgets-permanent, Annual audits-permanent, Financial ledgers of final entry-permanent, Subject correspondence-permanent,
Manuals/handbooks-permanent, Newspapers/newsletters-permanent, Brochures/promotional material (1 copy)-permanent, Photographs-permanent, Property records-20 years after sale, Wills, bequests-permanent, Legal/judicial cases-permanent, Loan agreements-satisfaction + 20 years, Contracts-active + 3 years, Personnel records/employee records-employment, FICA / W2 records-7 years
Accounts payable invoices-3 years, Accounts payable-7 years, Accounts receivable records-3 years
Bank deposit slips-3 years, Bank statements-7 years, Canceled checks-7 years, Cash receipt records-3 years, Data for updating mailing lists-1 year, Mailing lists-active, Periodic financial statements-2 years
Expense reports-7 years, General/routine correspondence(acknowledgments, requests, travel arrangements, etc.)-3 years, Invitations-1 year, Petty cash records-7 years, Receipts of purchases-7 years, Meeting notices-1 year, Travel plans/arrangements-1 year, and Resource files active.
If you are uncertain how long to keep records, consult your auditor, accountant, legal advisor, or contact the staff of the Society. Some retention requirements vary from state to state. The Presbyterian Historical Society is the national archives of the Presbyterian Church (U.S.A.) and its primary historical research center. Their mission is to collect, preserve, and share the story of the American Presbyterian experience with Presbyterians, the scholarly community, and the general public.
BOP - Pastors Dues Calculator
An online dues calculator is extremely helpful in estimating monthly and annual Board of Pensions dues. Employers, mid councils, and members can now calculate monthly and annual dues for those in Pastor’s Participation Plan. Dues are based on the percentage of annual effective salary and minimums and maximums for the selected year, unless otherwise noted. Visit pensions.org to give the Pastor’s Participation Dues Calculator a try!
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Designated Giving
Support the Ministries of PEVA, SYNOD of the MID-ATLANTIC & PCUSA
Designated giving represents that financial support and out-reach “over and above” Unified Mission Giving. The support our member churches provide to the special “designated giving” supports many special ministries and out-reach to extend the glorification of God and our Lord Jesus Christ. “Designated Giving” support 5 principal categories:
There are many advantages to providing your “Designated Giving” through PEVA. This method allows your church to write just one check with their remittance document to cover their Unified Mission Giving (pledge, Code 1000) and “designate” any number of additional giving on the same remittance. When PEVA receives your remittance, the indicated amount is recorded to the appropriate remittance code indicated on your remittance form. PEVA is able to consolidate all contributions to the same “designated” recipient and send a single check to that recipient.
Per Capita 2019
PEVA must pay Per Capita for every member of every church regardless of the amount pledged and remitted to the presbytery by that church. Per Capita supports the administration and ministry of Synod and PCUSA.
PCUSA 2019 Per Capita set at $8.95 per member
Synod 2019 Per Capita set at $0.85 per member
It is important to know that, in addition to an annual per capita payment to GA, there is also one for the Synod. They must be paid and are paid from the Unified Mission Giving (Operating Budget) of PEVA. This money is used for the operating budgets of GA and Synod. Other designated giving to higher church funds are sent over and above this.
As a connectional church body, the support of the “larger Presbyterian Church” is critical to undergird the many, far reaching ministries for which collective funding is vital.
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