LEXINGTON, Ky. (KT) - The agencies, institutions and mission board staff of the Kentucky Baptist Convention will receive a financial boost after a vote from the KBC’s Mission Board on Monday, the day before the group’s annual meeting at Immanuel Baptist Church.
The funds were connected to the University of the Cumberlands, which asked to be released from their covenant agreement with the Kentucky Baptist Convention at their 2018 Annual Meeting in Pikeville.
The convention budget allocated 8.75% of the annual budget funds to the university. The percentage equaled $1,054,600.
Two decisions were made following recommendations from the convention’s business and finance committee. The first disbursement deals with the funds that were allocated in the 2018-2019 budget for the University of the Cumberlands. The second decision reallocates those funds for the agencies, institutions, and the mission board in 2020-2021 KBC budget.
Wes Fowler, chair of the Business and Finance Committee and senior pastor of First Baptist Church Mayfield, said the committee waited until a new executive director-treasurer was in place before moving forward with the decision. Todd Gray became the executive director-treasurer on Aug. 1.
It was Gray’s recommendation that the committee ask each of the convention’s agencies and institutions to submit requests for the funds, according to Fowler. “We then created sub-committees who prayed and talked through the requests before making recommendations to the full committee,” he said. Those recommendations were then approved unanimously by the mission board.
The mission board approved the allocation $1,054,600 in the following manner:
- Clear Creek Baptist Bible College, $165,050
- Crossings, $196,000
- Kentucky Baptist Foundation, $100,000
- Oneida Baptist Institute, $195,000
- Sunrise Children’s Services, $196,050
- Woman’s Missionary Union, $51,500
- KBC Mission Board, $151,000
The group also allocated the disbursement of the funds in the 2020-2021 budget:
- Clear Creek Baptist Bible College, 6.3% (+1.42%)
- Crossings, 3.49% (+0.75%)
- Kentucky Baptist Foundation, 2.45% (+0.50%)
- Oneida Baptist Institute, 4.80% (+1.41%)
- Sunrise Children’s Services, 3.91% (+1.42%)
- Woman’s Missionary Union, 4.41% (+0.75%)
- KBC Mission Board, 74.60% (+2.50%)
Fowler said the committee tried to provide as much of the requested funding for every entity. “The committee was able to meet the request of Oneida, and we even exceeded the amount requested by WMU.”
Charles Frazier, senior pastor of Zion’s Cause Baptist Church in Benton and a member of the Business and Finance Committee, chaired one of the sub-committees. “We believe this was a fair process that will benefit all of our agencies and institutions,” he said.
Fowler echoed the sentiments and said the decision reflects the mission board’s gratefulness for the work of the agencies and institutions. “We were thankful to be able to help each organization in the work God has given them to do,” said Fowler.
The Kentucky Baptist Convention is the state’s largest protestant denomination comprised of 2,350 church across the commonwealth.