Finance Topics


Church Insurance

Ross Williams

October 18, 2018

Dear Trustees, Treasurers, Finance Chairs and Pastors: It is very important that churches carry adequate Property & Casualty insurance on their buildings, vehicles and operations.  This is because one uninsured incident can result in significant financial costs and potentially, the closure of a church's doors.  Being adequately insured is probably the single-most important action a church can take to protect it's assets, it's people and it's ministry from unforeseen events. When it comes to ...


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...


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,...


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 ...


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 ...


Apportionment Remit Address

Diana Moore

May 30, 2018

Dear Pastor, Finance Chair, and Treasurer: This communication is to inform you of a change to our lockbox location. Our vendor has announced plans to close its Staten Island, NY (Uniondale) facility in June 2018. Effective immediately, if you previously used our lockbox to remit payment for Apportionments, Benevolences, and Special Appeals, please discontinue using our current lockbox address and remit payments directly to the new PO Box address below. New York Annual Conference Lockbox 9458 ...


Preliminary 2019 Apportionments

Diana Moore

May 22, 2018

Dear Pastors, Treasurers, and Finance Chairs, We have posted preliminary 2019 apportionments to the Conference website at https://www.nyac.com/apportionments. The apportionments were calculated based upon the 2017 data that was submitted via your statistical tables and the 2019 preliminary budget. Final 2019 apportionments will be recalculated using the final approved budget at Annual Conference.  We ask that you review the apportionments for accuracy. If there is an anticipated change in your ...


Move Costs Are Now Taxable

Ross Williams

May 03, 2018

Dear Pastors, Treasurers and Finance Chairs, We are entering the season when many churches are preparing to receive newly-appointed pastors, and those pastors are contemplating one of the least popular parts of our itinerant system: packing up and moving.  This is also the season during which clergy retire. Recent changes to federal tax laws have not helped with the pain of moving and in fact have added a bit more of a bite. Those clergy who are moving in 2018 should have church-paid moving ...


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