NASHVILLE — The Southern Baptist Convention’s (SBC) Executive Committee approved a 2009–2010 Cooperative Program (CP) Allocation Budget of $204,385,592 for recommendation to the SBC during its June 23–24 annual meeting in Louisville, Ky.
The proposed budget maintains current allocations to the convention’s ministries, including 50 percent of receipts to the International Mission Board and 22.79 percent to the North American Mission Board. The convention’s six seminaries will receive 21.92 percent. According to the seminary enrollment formula, Southern Seminary would receive 4.96 percent; Southwestern Seminary, 4.84 percent; New Orleans Seminary, 4.39 percent; Southeastern Seminary, 4.04 percent; Golden Gate Seminary, 1.80 percent; and Midwestern Seminary, 1.90 percent. (Cumulative numbers may not match the sum of individual seminary percentages due to rounding.)
The Ethics & Religious Liberty Commission would continue to receive 1.65 percent of the budget, while the Southern Baptist Historical Library and Archives would receive .24 percent.
The SBC operating budget, encompassing the SBC annual meeting costs, the work of the convention between annual meetings and the Executive Committee, would receive 3.40 percent of the CP budget.
There will be no change in current staff salary structure for Executive Committee employees for the 2009–2010 fiscal year.
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