The Improved Financial Relationship Model (IFRM)
The goal of the IFRM (Improved Financial Relationship Model) is to ensure financial stability and improve the financial relationship between parishes and central ministries. To this effort, the Implementation Team’s mission is to work closely with each of the parishes to assist them in defining and calculating base revenue, guide them in budget planning and cash flow analysis, and consult on financial challenges unique to each parish.
If you are interested in learning more about the new model or would like information to present to a finance council or parish council, please refer to the documents on the left of this page. The discussion guide and supporting guidebook and FAQs provide an excellent overview of IFRM. In addition, the video presentation found below is taken from one of our 2012 regional meetings.
Our team in Parish Financial Services is happy to answer any questions you may have. Contact information is found at the bottom left of this page. Please note that each region has been assigned its own dedicated representative who can answer specific questions related to your parish’s Base Revenue calculation. We look forward to implementing the final phase of this successful new relationship.