Transcript Free Will Baptist Church of Townsend Proposed 2010 Budget

Free Will Baptist
Church of Townsend
Financial Overview
September YTD 2010
Cash Trend Year Over Year
A) CATEGORY SUMMARY
Type
Sept 10
Dec 09
Change
General
$81,445
$54,657
$26,788
Cash Reserve
$61,002
$61,002
$0
Designated
$23,451
$33,751
($10,300)
$249,846
$337,194
($87,348)
$415,744
$486,604
($70,860)
Sept 10
Dec 09
Change
$15,020
$15,020
$0
Building Fund
TOTAL CASH & EQUITIES
B) BOARD DESIGNATED DETAIL
# Designated Fund
1
NEW CHURCH
2
FINANCIAL COUNSELING
$500
$500
$0
3
FLAGS
$619
$793
($174)
4
BENEVOLENCE
$2,437
$8,414
($5,977)
5
MISSIONS TRIP
$20
$759
($739)
6
OPERATION CHRISTMAS CHILD
$2,455
$565
7
SAMARITANS PURSE (Animals)
$40
$640
($600)
8
MUSIC
$960
$960
$0
9
EDUCATION
$0
$1,700
($1,700)
$0
$3,000
($3,000)
$1,400
$1,400
$0
$23,451
$33,751
($10,300)
10 NATIONAL CONFERENCE
11 ROOF
TOTAL CASH & EQUITIES
$1,889
3
Summary Income Statement
Current
Month
MTD
Variance
Year to
Date
YTD
Variance
Left to
Spend
2010
Plan
REVENUES
T ithes & Offerings
Other Designated Giving
48,577
21,329
11,670
21,329
397,037
127,480
21,841
127,480
511,137
0
Total Revenues
69,906
32,999
524,517
149,321
511,137
225,925
1,126
70,850
296,775
EXPENSES
T otal Compensation
Missions
23,420
(97)
5,902
1,528
56,953
14,329
3,139
60,092
Staff Ministry
10,463
8,780
50,194
32,845
(17,101)
33,093
Lay Ministry
1,914
1,460
16,469
11,014
4,156
20,625
12,377
10,240
66,664
43,859
(12,945)
53,718
Facilities
5,203
1,987
60,591
31,661
15,293
75,885
Administrative
Accounting & Audit Services
1,529
1,631
840
0
19,361
14,678
13,159
0
(3,306)
8,892
16,055
23,570
T otal Other
8,363
2,827
94,630
44,819
20,879
115,510
50,061
14,498
444,172
104,134
81,923
526,095
19,844
18,501
80,345
45,187
(81,923)
(14,958)
Gain/Loss of Bus
Depreciation
0
5,187
0
482
(4,799)
46,152
(4,799)
3,810
4,799
10,304
0
56,456
Accounting Adjustments
5,187
482
41,354
(988)
15,103
56,456
14,657
18,019
38,991
(97,026)
(71,414)
T otal Ministries Programs
Total Cash Expenses
Cash Net Income
Total Net Income
46,175
4
2010 Budget Balancing Efforts
Expense Line Items
2010 Plan
Funding Requests
Staff Education
Hosting Expense
Special Speaker
Sunday/Wednesday Night Service
Church Fellowships
Deacon's Outreach
Fire Alarm
Missions Trip
Gas
Lavatory Cleaning Supplies
Trash Removal
Copy Right
Overages
1,425
750
750
500
909
949
1,200
0
8,597
1,600
1,416
485
18,581
231
590
314
629
1,000
197
525
1,269
500
500
171
138
6,064
Children's Ministry
Youth Group
Camp
National Convention
Music
Tape & CD Ministry
Vacation Bible School
Offsets
11,440
8,759
2,200
4,725
5,239
1,410
4,546
38,319
(511)
(375)
(2,200)
(1,597)
(524)
(141)
(1,246)
(6,593)
Net Position
(529)
5
Over The Budget Requests
Expense Line Items
Bus Maintenance
Upward
Subtotal OTB Requests
2010
Plan
Funding
Requests
1,800
0
Comments
3,128 Unforeseen mechanical issues and signage for bus
3,600 Over 100 kids evolved with the majority non attendees
6,728
6
2011 Financial Overview
What drives our Revenue?
• Two major items drive our revenue
– Sunday Attendance
– Giving per Attendee
• We measure how we are doing based on
these two indicators
• We also take into consideration economic
forecasts for the State of Delaware that will
affect these indicators and trends
8
TFWB 5 Year Attendance Trends
Average
% change
2007
510
5.0%
2008
522
2.4%
2009
484
(7.2%)
2010
462
(4.5%)
2011
458
(1.0%)
Average Attendance
530
510
490
470
450
2007
2008
2009
2010
2011
9
Offerings Forecast
2007
1.9%
5.0%
(3.5%)
Giving Growth %
Attendance Growth %
Giving per Adult %
2008
2.1%
2.4%
(4.0%)
2009
(10.8%)
(7.2%)
(7.4%)
2010
(9.7%)
(4.5%)
(5.4%)
2011
(2.8%)
(1.0%)
(1.8%)
2012
(0.6%)
1.0%
(1.6%)
TFWB Offerings
$650,000
$634,501
$630,000
$621,179
$610,000
$590,000
$565,763
$570,000
$550,000
$530,000
$511,000
$510,000
$496,776
$493,956
2011
2012
$490,000
$470,000
$450,000
2007
2008
2009
2010
10
Local Economic Trend Impacts
DE Employment vs Giving Trend
Giving Chg %
Employment Chg%
3.6%
1.5%
0.1%
(3.5%)
(0.5%)
(0.6%)
(1.2%)
(2.7%)
(4.0%)
(4.6%)
(5.4%)
(7.4%)
2007
2008
2009
2010
2011
2012
11
What is the long term outlook
Area
2010
Changes to 2010
2011
2012
511,000
1
Revenues
Revenue change
496,776
($14,224)
493,956
($2,819)
2
Missions Change
51,113
(1,464)
(283)
3
Benefits Insurance Increases
59,473
10,570
12,608
4
Salary & Housing
231,152
0
5,779
5
Facilities, Admin, Accounting
115,510
3,000
1,000
6
Programs
50,924
(5,330)
0
Total Change
508,172
6,776
19,103
21,000
42,923
Amount Funded from Savings
12
What are the options for 2011
1. Lay off a Pastor
2. Lay off an administrative staff member and/or cut
programs
3. Cut all program funding in half
4. Fund the shortfall out of savings with some program
reductions
13
What is the Board of Directors
recommendations
4) Fund the shortfall out of savings with some program
reductions
Giving us the church the best opportunity to grow out of its
current situation
Realizing that God has blessed us with the store house of
money to be used in such a time as this
Allows for us to see God’s hand at work and perform a miracle
14
What are the options for 2012 if the
current trends continue
1. Lay off a Pastor
2. Taking savings to zero
15
2011 Proposed Budget
Staff & Related Expense
1. Healthcare cost continue to climb by 18%
2. Salaries are held flat
17
Staff Ministries
STAFF MINISTRIES
Camp
Children's Ministry (includes Upward)
Counseling Education
Hosting Expense
Marriage & Family Therapy
Special Speaker
Sunday / Wednesday Night Service
Sunday School
Teen Ministry
TOTAL STAFF MINISTRIES
$2,200
$10,800
$1,300
$750
$3,394
$750
$500
$4,000
$8,000
$31,694
$1,200
$11,166
$1,224
$706
$3,195
$706
$471
$3,765
$7,530
$29,962
($1,000)
$366
($76)
($44)
($199)
($44)
($29)
($235)
($470)
($1,732)
(45.5%)
3.4%
(5.9%)
(5.9%)
(5.9%)
(5.9%)
(5.9%)
(5.9%)
(5.9%)
(5.5%)
18
Home & Foreign Missions
MISSIONS
Foreign Missionaries (10 year commitment)
Anthony Edgemon (2015)
Jeff Turnbough (2011)
Matthew & Brooke Turnbough (2020)
Indigenous Missionaries
Operation Christmas Child
Wycliffe Bible Translators
New Missions Haiti
Subtotal Foreign
$2,000
$2,000
$2,000
$2,400
$2,000
$494
$2,000
$12,894
$2,000
$0
$2,000
$2,400
$3,500
$1,000
$2,000
$12,900
$0
($2,000)
$0
$0
$1,500
$506
$0
$6
Home Missionaries (3 year commitment)
Alan Hall - York (2012)
Bill Reynolds (2013)
Brian Williams (2012)
Dana Booth (2013)
Jay Merritt (2011)
Nate Merritt (2013)
John Holland -EE Missionary (2013)
New Church Seed Money
Rachael Atwood -Campus Crusade (2012)
Tommy Jones - Pittsburg (2012)
Subtotal Home
$2,000
$2,000
$2,000
$2,000
$2,000
$0
$900
$1,200
$2,000
$2,000
$16,100
$2,000
$1,000
$2,000
$1,000
$0
$2,000
$1,000
$1,200
$2,000
$1,000
$13,200
$0
($1,000)
$0
($1,000)
($2,000)
$2,000
$100
$0
$0
($1,000)
($2,900)
0.0%
(100.0%)
0.0%
0.0%
75.0%
102.4%
0.0%
0.0%
0.0%
(50.0%)
0.0%
(50.0%)
(100.0%)
100.0%
11.1%
0.0%
0.0%
(50.0%)
(18.0%)
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Organizational Missions
Organizational Missions (review yearly)
Benevolence
Amazing Grace Ministries
Door of Hope
NFWB Foreign Missions
NFWB Home Missions
Inter Varsity
Liberty Baptist Fellowship
Mid Atlantic Conference
Townsend Fire Company
Youth for Christ
Subtotal Organizational
$6,794
$1,083
$1,083
$3,244
$3,244
$232
$1,008
$1,443
$215
$3,773
$22,119
$7,000
$1,000
$1,000
$4,400
$4,400
$0
$1,200
$1,200
$200
$3,200
$23,600
$206
($83)
($83)
$1,156
$1,156
($232)
$192
($243)
($15)
($573)
$1,481
3.0%
(7.7%)
(7.7%)
35.6%
35.6%
(100.0%)
19.0%
(16.8%)
(7.0%)
(15.2%)
6.7%
TOTAL MISSIONS
$51,113
$49,700
($1,413)
(2.8%)
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Lay Ministries
LAY MINISTRY PROGRAMS
Church Fellowships
College & Career Ministries
Deacon's Outreach
Decorating Committee
Faith Evangelism / EE Training
Ladies Ministries
Men's Ministries
Music
Tape & CD Ministry
Vacation Bible School
Visitor Ministry (reception & welcome package)
TOTAL LAY MINISTRY PROGRAMS
$909
$318
$949
$682
$500
$3,140
$649
$5,239
$1,410
$4,546
$823
$19,165
$1,606
$299
$893
$645
$471
$2,956
$1,242
$1,800
$1,327
$3,046
$775
$15,060
$697
($19)
($56)
($37)
($29)
($184)
$593
($3,439)
($83)
($1,500)
($48)
($4,105)
76.6%
(5.9%)
(5.9%)
(5.4%)
(5.9%)
(5.9%)
91.4%
(65.6%)
(5.9%)
(33.0%)
(5.9%)
(21.4%)
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Facilities Expense
FACILITIES
Building Maintenance
Church Insurance
Custodian
Electric
Fire Alarm
Gas
Grounds
Kitchen Supplies
Lavatory Cleaning Supplies
Parking Lot Lease
Phone / Internet
Trash Removal
TOTAL FACILITIES
$9,700
$9,514
$15,538
$15,500
$1,200
$8,597
$5,500
$1,200
$1,600
$3,000
$3,120
$1,416
$75,885
$9,700
$9,514
$15,538
$15,500
$1,200
$8,597
$5,500
$1,200
$1,600
$3,000
$3,020
$2,216
$76,585
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
($100)
$800
$700
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
(3.2%)
56.5%
0.9%
22
Admin & Other Expenses
ADMINISTRATIVE
Advertisement
Bulletins
Bus Maintenance
Copier Lease/Supplies/Main
Copy Right
Newsletters
Office Supplies/Improvements
TOTAL ADMINISTRATIVE
$1,500
$500
$800
$8,270
$485
$200
$4,300
$16,055
$1,500
$500
$3,724
$8,270
$485
$200
$2,300
$16,979
$0
$0
$2,924
$0
$0
$0
($2,000)
$924
0.0%
0.0%
365.5%
0.0%
0.0%
0.0%
(46.5%)
5.8%
Accounting & Audit Services
Financial Services
$23,570
$23,570
$26,570
$26,570
$3,000
$3,000
12.7%
12.7%
23
Bottom Line Totals
Cash Sub-Total
Depreciation
Gain/Loss on Disposal of Asset
Accounting Adjustments
TOTAL EXPENSES
Tithes & Offerings
Cash Net Income
$509,832
$517,775
$7,944
1.6%
$56,456
$0
$56,456
$56,456
$0
$56,456
$0
$0
$0
0.0%
0.0%
0.0%
$566,288
$574,231
$7,944
1.4%
$511,000
$1,168
$496,776
($21,000)
24