Family Meeting Notes – Finances

Family Meeting Notes – Finances

Introduction  (John) 

Elder Update

  • Michael Coursey: Overview and Staff Thank You  
  • Bruce Thede: PPP Loan Information  

Budget Update (John) 

Giving Update 

MARCH GIVING REPORT: MINISTRY FUND

March Budget: $170,000

March Actual Giving: $169,586.73

Difference: -$413.27 (-.002%)

APRIL GIVING REPORT: MINISTRY FUND 

April Budget: $150,000

April Actual Giving: $187,612.71

Difference: +$37,612.71 (+25.07%)

2020 JANUARY-APRIL BUDGET REPORT: MINISTRY FUND

2020 January-April Budget: $600,000

2020 January-March Actual Giving: $670,037.35 ($572,027.67 Jan-April 2019)

Difference: +70,037.35 (+11.67%)

Expense Update

January-April  

Actual Expenses Budgeted Expenses Over/Under Budget 
General Expenses* $608,809.33$656,691.00$47,481.67 Under 

*This does not include designated expenses

Budget Notes 

  • Building up our depleted reserves continues to be a priority, along with deferred maintenance expenses. 
  • We also hope to increase our production budget to continue to grow our ministry footprint for our new online platform. We are praying and saving for an additional $75,000-$100,000 for cameras, lighting, and sound equipment as we prepare for the return of live audiences.  

Missions 

  • We have not cut any funding to any of our missionaries. 
  • We have made up the difference if individual giving dropped for any of our missionaries. 
  • We have given two one-time gifts to a pastor in India and an orphanage in Mexicalli, Mexico    

Worship Pastor Search 

  • We hope to have someone in place before the fall of 2020.
  • This position is already in the 2020 budget. 
  • We have been looking for someone who is competent in worship/music and production/creative arts. 

Facility Update (John)

  • Painting and Lighting 
  • Projectors 
  • Flooring