Transcript Tri-City Baptist Church “She hath done what she could…” - Mark 14:8a

Tri-City Baptist
Church
“She hath done what she could…”
- Mark 14:8a
Exalt, Edify, Evangelize
Overview
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Purpose – Our vision statement says that
our purpose is “. . .assisting our members
and other fundamental churches in
fulfilling the great commission.”
 Why moving? We are not able to grow
and expand the vision that God has for
us on this property; God has
miraculously provided a new location
where this vision can be accomplished.
 Why meeting? To provide updates to
everyone regarding the relocation
Exalt, Edify, Evangelize
status.
Overview (Continued)
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Process – Sell current property to buy and develop
new property
 Identify current sale status
 Review current ministry asset
 Review current cost estimate and increase
 Understand members’ roles and responsibilities
with move
 Review buying and borrowing options
Payoff – Fulfill the strategic implications of the
mission statement (exalt, edify, evangelize)
 Cost savings
 Ministry enlargement
 Witnessing opportunities
Vision and Mission Statement
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Vision (Why We Exist) – “. . .Assisting
our members and other fundamental
churches in fulfilling the great
commission.”
Mission (What We Will Do) - Exalt the
Triune God, Edify believers, and
Evangelize the world.
Exalt, Edify, Evangelize
Relocation Fulfills our Vision
and Mission
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We are unable to expand this vision and
mission on this property.
God has miraculously provided a new location
where this vision can be accomplished.
Exalt, Edify, Evangelize
Home Visits
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Home visits
 Purpose – to inform and elicit questions and
comments in a comfortable environment.
 Status – nearly every family in the church
has been contacted by a deacon team or
the pastors to discuss and answer
questions concerning the relocation.
Issues of Home visits
 Many will be addressed today.
Participation and spirit has been wonderful!
Exalt, Edify, Evangelize
Current Sale Status
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A large local charter school is extremely
interested in purchasing and being
compatible owners with a church.
Two churches are currently in
negotiation.
Exalt, Edify, Evangelize
Current Ministry Assets
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Church
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$6.6 million (equity)
$275,000 (cash)
College
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$350,000 (equity)
$130,000 (stocks)
$375,000 (cash)
Total - $6.875 million
Total - $855,000
Ministry Total - $7,730,000
All above numbers represent estimated figures.
Exalt, Edify, Evangelize
Current Cost Estimate
and Increase
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Church
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$2.1 million (land)
$6.4 million (church building)*
$1.2 million (infrastructure cost)
$200,000 (maintenance
building)*
$253,000 (impact fees and
widening of road)
College
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$1.2 million (dorm)*
$1.9 million (academic
building)*
Total - $3.1 million
Total - $10.2 million
Ministry Total - $13.3 million
All above numbers represent estimated figures.
*Based on 15% “gifts in-kind.”
Exalt, Edify, Evangelize
Increased Cost
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Unanticipated Costs - $1,653,000*
(see breakdown below)
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Dorm in first phase ($1.2 million)
Impact and road fees ($253,000)**
Maintenance building ($200,000)
*Additional $1,653,00 from original cost quoted in 1/03.
**Still in negotiations.
Exalt, Edify, Evangelize
Each Member’s Part
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Examples of types of gifts:
Pray and fast specifically
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8 gifts @ $100,000 = $800,000
Give consistently
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6 gifts @ $ 75,000 = $450,000
Limit luxuries to avoid
 13 gifts @ $ 50,000 = $650,000
debt
 21 gifts @ $ 25,000 = $625,000
Involve entire family in
 50 gifts @ $ 10,000 = $500,000
sacrifice
 50 gifts @ $ 5,000 = $250,000
Identify friends/family
 50 gifts @ $ 1,500 = $ 75,000
interested in helping
Total = $3,350,000*
Be willing to volunteer on
What could God enable you to give?
work days
“…With men this is impossible; but with God all things are possible.” Matthew 19:26b
*Both the college and the mission board are
responsible to raise a portion of this need.
Exalt, Edify, Evangelize
Buying and Borrowing Options
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Status
 On December 8th, we will become the proud
owners of 14 acres in Chandler.
 Cost is approximately $2.1 million and we have
already paid $75,000 in down payment.
 Last year, we voted to purchase this land and
incur debt if we were not able to raise the full
$2 million in one year.
 In our contract with Lines family, they agreed
that we could hold the land for one year with a
$75,000 down payment and incur no interest
during 2003.
Exalt, Edify, Evangelize
Buying and Borrowing Options
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Two Borrowing Options for the Land
 Option 1 – Pay the Lines family - At the end
of the year, pay 8% interest-only for
2004, 9% interest-only for 2005, and 10%
interest-only for 2006.
 Option 2 – Bank of America has offered us
a $3 million line of credit at a one-year
fixed rate of 4%. Depending upon the
offerings over the next few weeks, we will
likely be borrowing $1 million to $1.3
million. This means our interest payment on
rapidly appreciating land will be about
Cost Savings at New Location
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Maintenance
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$70,000/yr – (We currently spend approximately
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Savings - $1,346.15/wk
College Gift Matching
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$90,000/yr)
$30,000/yr
$576.92/wk
Total – 1,923.07/wk
Exalt, Edify, Evangelize
Additional Revenue Stream
Dorm – 10 additional dorm students
creates a $100,000 increase in college
cash flow.
 Financial goal for college – removal from
its subsidy by TBC.
 Even accounting for an increase in a
staff member and upkeep expenses for
new students, TBC could lower its
financial commitment to IBC by
$52,000/yr or $1,000/wk.
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Long-term, Strategic Costs
$13,300,000 (Totally completed property cost*)
$ 7,730,000 (Current cash and equity position of TBC ministries)
$ 5,570,000 - Needed
$3,350,000 (Building fund over next 3 years)
$2,220,000 (Long-term borrowing total)
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Bank of America Option
Borrowing $2,000,000 at 6% for 20 years
Total - $3,332.24/wk
$2,923.07 (Cost savings and
conservative new revenue)
$ 407.17/wk (Need additional for weekly
budget)
* Some of these dollars can be saved by not finishing every room in every building.
Return on Investment
TCA Graduates
IBC Graduates
Todd Sullivan
Mike Redick
Both TCA & IBC
Graduates
Richard Lampron
Mike Mestler
Mike & Elma Sproul
Chad Hayhurst
Solomon Raju
Dave & Heather Smith
Paul Brown
Shawn Clapp
Rob & Sandy Krause
Nathan & Tiffani Sproul
Jana Conn
Joel Tetreau
Michael Borton
Jason Wermager
Bethany Woods
Troy Hathaway
Nathan Mestler
Tanya Delo
Mona Hathaway
Steve Davies
Scott Olson
Becky Warf
Mike Dutton
Brian & Becky Anderson
Jay Power
Chip & Rhonda Van
Emmerick
Bob Edington
Debbie Dutton
Tiffany Power
Matt Mostrom
Carrie Davies
Tricia Wells
Sheri Hathaway
Dan Warf
Exalt, Edify, Evangelize
Witnessing Opportunities
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Maricopa County grows by 100,000 new moves every
year.
130 homes are finished every day in Maricopa County.
The inhabited parts of Maricopa County are larger than
seven Eastern states, including Massachusetts.
The population of Maricopa County is larger than 21
states, including Kansas.
Gilbert and Chandler are the number one and number
four,
respectively
fastest
growing
cities in America
“Attempt
great things
for God,
expect great
things than
from 100,000.
God.” – William Carey
larger
Exalt, Edify, Evangelize
Leader’s Challenge
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I Chronicles 29: 1–9
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Furthermore David the king said unto all the congregation,
Solomon my son, whom alone God hath chosen, is yet young and
tender, and the work is great: for the palace is not for man, but
for the Lord God.
Now I have prepared with all my might for the house of my God
the gold for things to be made of gold, and the silver for things
of silver, and the brass for things of brass, the iron for things
of iron, and wood for things of wood; onyx stones, and stones to
be set, glistering stones, and of divers colours, and all manner
of precious stones, and marble stones in abundance.
Moreover, because I have set my affection to the house of my
God, I have of mine own proper good, of gold and silver, which I
have given to the house of my God, over and above all that I
have prepared for the holy house, Even three thousand talents
of gold, of the gold of Ophir, and seven thousand talents of
refined silver, to overlay the walls of the houses withal:
Leader’s Challenge
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I Chronicles 29: 1–9 (Continued)
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The gold for things of gold, and the silver for things of silver,
and for all manner of work to be made by the hands of
artificers. And who then is willing to consecrate his service this
day unto the Lord?
Then the chief of the fathers and princes of the tribes of
Israel, and the captains of thousands and of hundreds, with the
rulers of the king’s work, offered willingly,
And gave for the service of the house of God of gold five
thousand talents and ten thousand drams, and of silver ten
thousand talents, and of brass eighteen thousand talents, and
one hundred thousand talents of iron.
And they with whom precious stones were found gave them to
the treasure of the house of the Lord,by the hand of Jehiel
the Gershonite.
Then the people rejoiced for that they offered willingly,
because with perfect heart they offered willingly to the Lord:
and David the king also rejoiced with great joy.
Tri-City Baptist
Church
“She hath done what she could…”
- Mark 14:8a
Exalt, Edify, Evangelize