Finance Topics


New York State Law: Combatting Workplace Sexual Harassment

Sally Truglia

October 05, 2018

The State of New York has issued additional guidance regarding mandated Sexual Harassment training for all employers in NY. As you learned in my previous email, the law requires all employers to create and publish a Sexual Harassment Policy and Complaint Form, as well as introduce annual employee training. Luckily, the NY Division of Human Rights has updated their initial guidelines and polices so that the templates are available for our use. The main website contains information for the ...


Utility Cost Reviews

Ross Williams

October 03, 2018

Dear Treasurers, Finance Chairs and Pastors, You may remember that we worked with a company called Cost Stewardship, a vetted partner of our denomination's finance agency, to help churches obtain federal refunds of healthcare costs.  Our Conference was the most successful of any in the U.S. with our churches receiving total healthcare refunds of $78,555.  These funds, available for vital ministries, went directly to the churches that engaged Cost Stewardship to perform the service.  That program...


Clergy Housing Allowances

Ross Williams

September 24, 2018

Dear Clergy and Church Finance Leaders: The topic of clergy “Housing Allowances” can be a complicated one, involving very specific rules and confusing terminology.  It is also an area that requires action prior to the processing of payroll each calendar year.  So what follows is a summary based upon the many questions that I receive on this topic. The Basics: 1. Section 107 of the Internal Revenue Code permits a “minister of the gospel” to exclude a “Housing Allowance” from income. This Housing ...


New Mandatory NY State Laws

Sally Truglia

September 17, 2018

NEW YORK MANDATORY TRAINING LAW New York State and New York City have passed new legislation that mandates training and prevention of sexual harassment in all New York workplaces. All New York employers, including churches, are required to implement policies, procedures and training to enforce the new Combating Sexual Harassment Law.   There are several provisions which do not apply to our churches and affiliated organizations.  These include:  state contracts and bidding, mandatory arbitration,...


2019 Budget Inputs

Ross Williams

September 10, 2018

Dear Treasurers and Finance Chairs (copy to pastors), You will most likely be working on your 2019 budgets soon.  To assist you, listed below are some inputs from the Conference: Clergy Healthcare: The church's share of the Uniform Rate for HealthFlex will be $17,208.00.  Since clergy will have six plans to choose from in 2019, the rate for each clergy person will vary based upon which plan they choose.  Clergy will be given an annual "allowance" to spend on health care and in some cases, they ...


Electronic Payment of Benefits

September 07, 2018

Dear Pastors, Finance Chairs and Treasurers,   The GCFA has a partnership with Vanco Payment Solutions to help churches strengthen financial stewardship. The New York Annual Conference Center has decided to take advantage of this service to provide a seamless and stress-free way for churches and pastors to pay their benefit invoices directly online. The link to access the portal is listed below and can be found on the NYAC website under the Finance tab in the Benefits Payments Online ...


Free Church Financial Seminars

Ross Williams

August 17, 2018

Dear Finance and Stewardship (cc: to Pastors), Please see the information below on an important program being led by Ed Ruppmann.  I am very supportive of this program, which has many benefits and no costs to our member churches or parishioners.  To be clear, there is no selling of anything here, either at the meeting or at any other time - just free advice from an experienced financial planner who is committed to his faith and assisting the people and churches of the Conference. If interested, ...


Free Church Financial Seminars

Ross Williams

August 16, 2018

Dear Finance and Stewardship (cc: to Pastors), Please see the information below on an important program being led by Ed Ruppmann.  I am very supportive of this program, which has many benefits and no costs to our member churches or parishioners.  To be clear, there is no selling of anything here, either at the meeting or at any other time - just free advice from an experienced financial planner who is committed to his faith and assisting the people and churches of the Conference. If interested, ...


Moving Expense Payments to Clergy

Sally Truglia

August 14, 2018

Greetings! This is a follow-up to Ross Williams’ May 3, 2018 email entitled “Move Costs are Now Taxable.”  https://www.nyac.com/blogdetail/11323364   I visited the Wespath offices recently and was advised to remind all churches and pastors about the “Tax Cuts and Jobs Act of 2017” enacted in December 2017, which taxes the moving expense payments made to or on behalf of individuals, including clergy.   Moving expenses are now considered “compensation” under US Tax law.  Wespath has created a ...


Clergy Benefits & New Appointments

Sally Truglia

June 21, 2018

Greetings! As we celebrate a very successful Annual Conference and prepare for new appointments, it's time to remind everyone about clergy benefits. Comprehensive Protection Plan: Clergy who serve appointments at 100% are automatically enrolled in CPP, which provides long term disability insurance and death benefits.  Churches are billed 3% of the total compensation for CPP.  Total compensation is defined as salary plus either a) 25% of salary for clergy who are provided a parsonage or b) the ...


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