March 30, 2014 Congregational Meeting

1. March 30, 2014 Congregational Meeting

2. Faithful at 50 Ad Hoc Finance Team • Faithful at 50 Ad Hoc Finance Team – came out of Stewardship Team. Composed of Danny Burton, Ryan Jones, Kerry Richmond, Dan Cash, Kip and Lianne Wright. • Worked with the Church Council to establish guidelines and the Council determined the priorities

3. The Vision • A church body that is debt-free and is able to maintain and improve the facility through moneys set aside going forward. • Several existing projects are funded and addressed. • The facility is equipped and ready to serve the community as we honor the work of those who have gone before.

4. Five Specific Emphases • Debt-retirement - $50,000 from 1997 and 2009 building projects • Outreach – 10% of all monies above debt pay down • Front “Bridge” Entrance - $30,000 Approach to front entrance, walkway, and retaining wall • Landscaping – $70,000 Renew and replace 50 year old trees and bushes and refresh look within an overall landscaping plan • Pianos - $25,000 Replace pianos in the sanctuary and choir loft that have outlived their useful lives.

5. Debt Retirement • Two loans (one from 1997 and one from 2009) totaling approximately $50,000 • Monthly debt service of $3200 to retire the debt on a five year amortization. • We could repurpose the monthly building fund giving to building a capital fund for future building needs and other ministry.

6. Outreach • 10% of all giving above debt retirement for ministries like: • “Sweet Potatoes” concert to be held June 29th • MCLE neighborhood survey • “Heritage Day” - celebrating our roots

7. Front Approach Crumbling Concrete Exposed Rebar Loose Light Fixtures

8. Front Approach Sloping Sidewalk Sand sliding down to lower wall

9. Front Approach Plan • Replace bridge surface • Refurbish hand rails • Attach light fixtures • Build retaining walls and new sidewalk • Re-slope hill and replace landscaping • Rebuild steps to lower door • Cost $31,000

10. Landscaping Over 50 Years • The spruces have lost all their lower branches. • The walnuts are scarred and near the end of life. • The maples and other trees have physical damage and disease. • Several beech have died over the past few years. • The crab apples along the parking lot have become tangled, bare trees

11. Landscaping Twisted Limbs Walnut Damage Trees to be removed

12. Landscaping Estimate • Removal of old trees • New Trees and Shrubs • Tree trimming, raise canopy • Sprinkler System • Sidewalk, signage, grading • Contingencies • $20,000 • $15,000 • $15,000 • $ 6,000 • $10,000 • $ 5,000 • $71,000

13. Pianos • Grand Piano • Purchased new in 1965 • Tuned twice per year, but recently has not been reliable • Has water damage from leakage • Currently worth $2500 on trade • Key action wear is advanced

14. Pianos • Choir Loft Piano • Donated new in 1978 • Tuned twice per year, but recently has not been reliable • Currently worth $500 on trade • Key action wear is advanced

15. Pianos • New Grand $20,400 net trade • New Choir Loft piano $ 3,850 net trade • Plus delivery $ 295 • Total $24,545

16. How Can You Be A Part? • Pray for our church and our One Day Giving Challenge • Determine your financial participation • Celebrate with us all that God has done, is doing and will do through First Baptist Church!! Second Meeting – April 27th to discuss Giving Options