That amount will fluctuate with the investment portfolio, he said. The amount of money that will be allotted for each of the three key areas will become clearer in the months ahead, he said. Some initial proposals will be ready when the executive committee meets in June, he said. The approval for setting aside the money came with the board's adoption of a policy for administering its investment reserve funds. The policy designates amounts for several areas, including retiree health benefits, large maintenance costs for Publishing House facilities and a rainy day fund for emergency operating needs.
Net revenue is the agency's bottom-line performance figure.
The agency has 305 employees who belong to racial or ethnic minorities on a staff of 1,100 employees. Twenty-one racial and ethnic minority employees have been chosen for a career advancement program. Voted to help produce a Korean-English hymnal. The project was endorsed by the governing members of the Board of Discipleship at their March 12-14 meeting in Nashville. For general questions about The United Methodist Church, please call InfoServ at 1.800.251.8140.