The General Assembly Mission Council (GAMC) of the Presbyterian Church (U.S.A.) has approved revised General Assembly Mission Budgets for 2011 and 2012 that incorporate new spending authorized by the recent 219th General Assembly.

In addition, the revised 2012 budget includes a $154,601 contingency for a possible dues increase by the church’s Board of Pensions for pension and health care coverage.

The revised budgets total $82,567,881 for 2011 — up from $82,097,234 that was approved by the Assembly — and $81,091,773 for 2012, up from $80,550,613.

The financial cost of actions adopted by the 219th General Assembly total $295,861 for 2011 and $207,683 for 2012.

Other revisions resulted from implementation of a cost allocation system designed to more accurately reflect the total costs of all GAMC programs and the organizational realignment of three GAMC offices — the Advisory Committee on Social Witness Policy, Cultural Proficiency and Human Resources.

The revisions will be covered by an additional $176,153 in 2011 and $286,831 from the Presbyterian Mission Program Fund (PMPF) — the GAMC’s contingency reserve. Total use of PMPF will now be $1,315,141 in 2011 and $1,884,590 in 2012.

The PMPF was bolstered by the recent sale of the former Mary Holmes College property in West Point, Miss. The PC(USA)-owned historically racial ethnic school struggled financially for several years before it closed in 2004. The property was sold in May to a Mississippi mental health and retardation agency for $1.75 million.

Of the proceeds, $1.22 million reimbursed the GAMC, including PMPF, for expenses the church incurred during the final years of the college’s operation as well as during subsequent bankruptcy proceedings.

The remaining sale proceeds — $531,782 — will be used by the GAMC’s Mary Holmes College Committee to provide further assistance to PC(USA) racial ethnic schools and students.