Finances  / Financial Information & Resources That Your Church Needs

 

Links & Resources

Treasurer Responsibilities

Year-end Deadlines & Information
 

FMCUSA Annual Report

Due annually in January of each year; complete your report here: http://fmcusa.org/login 


Maintaining the Churchs Non-for-Profit Status


Pastors vs Employee vs Subcontractor
 

The IRS mileage rate for business use has been lowered to 57.50 cents for 2020.  The church BOA may elect any amount up to the IRS rate.  Anything over the IRS rate would be taxable to the receipient. For additional information, click here:

IRS Mileage

 

Wabash Conference and FMCUSA Obligations and Forms
Church obligations to the Conference office are due MONTHLY by the 10th of the month following the report. Please note: if funds are limited, partial payments are expected. The reports are due even if the church doesn't have funds to send.

Wabash Ministries Budget Share - remains at  8% for 2020.

Equal Plan Participation (E.P.P.) aka FMCUSA Home Ministry

What is EPP & How is it Calculated?Church obligations are as follows: 2019 & 2020 EPP Obligations

Life, Long Term Disability and AD&D Insurance 
All full-time pastors are to participate in these plans. The current premium is $32 per month, and is paid by the church to the conference on the remittance form in advance of the coverage.

 

2019 Wabash Remittance forms:

(The 2020 forms will be issued mid-January in plenty of time for the January 2020 report (due February 10)

 

2019 Wabash Remittance Form - Excel version with Instructions
  
2019 Wabash Remittance Form - pdf for those without ExcelRemittance Instructions for pdf

Free Methodist World Missions 

Local Church Commitments are to be entered for World Missions each year. Missionaries cannot go into the field until their missions goal is met, so please let the World Missions Department know what your church’s commitment for the year is. For the form Click here or go to http://fmcusa.org/fmmissions/partner-in-ministry-through-commitments/.

World Missions funds are to be sent directly to Free Methodist World Missions. (This does NOT apply to FMCUSA Home Ministry Obligations/EPP that are to be sent to the Wabash Conference office.)  For additional information, click here:  Missions Connect

Pension 

Updated salary information is needed from each church anytime there is a change in pastor's salary.  The pension rate is currently 13.5%.  Funds are to sent to FMCUSA HR via ACH. There is an additional fee if not paid by ACH. For more information see:

Pastoral Salaries & Benefits


Wabash Conference Check Request Forms & Other Information

Check Request Form - pdf (Manual form for printing)
Check Request Form - Excel(Excel format for typing)
Committee Travel Expense Report (Excel format for typing)
 


For additional forms & information, please see the following: