Agenda
December 8, 2024, 3 PM
Congregational Business Meeting
- Call to Order
- Devotional and Opening Prayer
- Docket Preview
- Ministry Wins: Numbers & Stories
- Vision for 2025 & Beyond
- Explanation and Vote for Elders for 2025
- Explanation and Vote for Deacons for 2025
- Explanation and Vote for 2025 Budget
- Ministry Reports
- Adjournment and Closing Prayer
2025 Budget Information
A church budget is an opportunity to creatively imagine how God is going to work in the next year to expand his mission through the faithfulness of his people, financially.
2025 Budget: Income v. Expenses
Income:
- Giving: $3,109,558.78
- Non-Giving: $120,000.00
- Total: $3,229,558.78
Expenses:
- Compensation: $1,634,642.69
- Operational & Ministry: $1,594,916.09
- Total Expenses: $3,229,558.78
How does the proposed budget move us forward?
- Staff: Our proposed budget places a great emphasis on taking care of our staff by providing raises, development, and further resourcing for ministry effectiveness so that the people of our church are fully supported, seen, and empowered for ministry.
- Savings: This budget includes $150,000 in savings for facilities-related maintenance as well as future strategic initiatives. Instead of relying on a surplus to help us accomplish financial goals, we're proactively planning to save in line with our philosophy of financial stewardship.
- Spaces: Our proposed budget will help us give facelifts to common spaces, classrooms, and children's ministry.
What about our cash reserves?
At the beginning of November we had $854,688.40 in reserves. Due to ministry needs and events, spending ebbs and flows throughout the year. We will continue to emphasize giving, putting specific goals in front of the congregation. A strong fourth quarter and end of year will set us up for a strong start to 2025.
Short Term & Longer-Term Savings Goals:
- Build our emergency savings to $800,000 (3 months' expenses).
- Build our checking to $200,000 to cover the ebb and flow of month-to-month operations.
- Intentionally save to pay off the $1.9 million mortgage and pad our facilities contingency fund.
- Save for strategic facilities and ministry initiatives.
**Below is a Google slides presentation that contains similar 2025 budget content that will be used during the annual meeting. Unfortunately, it's not visible on all devices but we will publish it again on our website after the meeting.**