METHODIST CHURCH NIGERIA - Online Study Bible

Where:
D03 is the Diocesan Code
C3 is the Circuit Code, as Circuit No. 3 in the Diocese
LC4 is the Local Church Code, as Church No. 4 in the Circuit
S indicates that the payment is for Seed of Faith
Need to fund Conference Headquarters adequately
Conference Headquarters requires adequate funds for the following:
Day to day running of Conference Headquarters as a corporate entity in
Nigeria, with responsibilities nationally and internationally on behalf of
the Church.
Payment of emoluments of the staff of Conference Headquarters
Running of Conference Theological Institutes and other Conference
establishments including payment of their emoluments.
Support for educational advancement of the clergy.
Payment of Pension to retired Ministers as well as Widows’ Allowances.
There is constitutional requirement for 20% budget provision for
Evangelism and Discipleship, 5% for Welfare and 2% for Youth.
Organizing Conferences, Conference Connexional Council and
Committees of Conference meetings where far-reaching decisions are
taken.
Sustenance of Wesley University of Science of Technology, Ondo
(WUSTO)
Interactions with Ecumenical Bodies and other allied activities.
Sources of Conference funds
Background Information
Prior to year 2000, Conference was funded through the payment of varied
sums of assessment levied on each of the Dioceses throughout the
Conference Area for the running of Conference Headquarters on yearly basis.
During the era regrettably, most Dioceses were often in default which posed
serious challenge to the work of Conference as a result of insufficiency of
funds. It then became imperative that another mode of Conference funding
had to be introduced to replace levies of assessment on Dioceses.
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