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Treasurer’s Report

Follow along with Treasurer Jennie Langer's annual report, tracking our progress towards financial health and reliance on both operating and capital funds. Explore our ministries, campus home, and ongoing expenses. Consider alternative forms of giving and join the Finance Committee. Attend our Estate Planning Essentials Lunch & Learn to protect your assets and loved ones.

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Treasurer’s Report

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  1. Treasurer’s Report Jennie Langer – Treasurer Use Your Annual Report to Follow Along

  2. Thank You For The Blessings! • Our Ministries • Our Campus Home We are on a journey to financial health and making progress

  3. Funding Unity North – We Rely on Both! Delivering on Our Mission & Vision Operating Funds Capital Funds Ministry, Music, & Youth Programs & Events Routine Facility Expenses; Utilities; Mortgage Payment; Cleaning; Landscape; Supplies; Facility Staff Community & Outreach; Family Promise; Tithing; Marketing; Interfaith Activities; New Member Development Major Facility Repairs & Improvements; Roofs; Appliances; Foundation; HVAC Systems; Parking; Buildings Mortgage Principle Payoff

  4. Ministry & Campus Operations • Revenues Flat – Operating Contributions Declined • Expenses up 6.5% higher: • - mortgage • - cost of programs/events • Average Monthly Operating Expenses = $87.4k • Average Monthly Operating Revenues = $81.9k (seasonal)

  5. Excellent Expense Management Operating Revenues Diversifying Revenue. Events & Programs have high costs & may be risky. 77% investment in Ministry & Programs

  6. Operating Contributions Dip Lower • Sign Up for Consistent Giving • Capital Campaign is in ADDITION to Operating Funds • Consider Alternative Forms of Giving

  7. Strong Cash Position; Bequests & Capital • 5 Month Emergency Operating Expense Coverage • Operating Loss will deplete “savings” in Board Reserve Funds • Ministries becoming self-sustaining • Capital Campaign is covering facility repairs

  8. Capital Campaign Update

  9. Capital Campaign Expenditures To-Date

  10. Attract More Facility Rentals with Peace Chapel

  11. HVAC Replacement Cont. • 18 units on campus = 197 tons total • 7 units replaced = 117.5 tons have been replaced since 2012 • 11 units remain = 79.5 tons remain • Replacement cost projected = $100,000. • We will replace as they fail Peace Chapel, HVAC Unit, March 2019

  12. Next: Administration Building Deferred maintenance is rapidly deteriorating the building

  13. On the List….

  14. COME MEET YOUR FINANCE COMMITTEE • Jennie Langer – Treasurer • Chris James • Mike Stott • Sylvia Draughn • Ted Worrell Partial Year Volunteers: • Karen Boyer • Tracey Quillan Advisors: • Diane Glynn, Executive Director • Frank Rambo, Senior Accountant • Ray Hughes, BoD Facilities Chair • Adam Daley, Past Treasurer Stop by the table in the back to let us know if you would like to be considered for the 2019 Finance Committee

  15. Estate Planning Essentials Lunch & Learn: • How to Use Wills, Trusts, and Healthcare Directives to Protect Your Assets, Wishes and the People & Community You Love • Registration required - FREE • Sunday, May 5, 2019 1:00 – 3:00 PM, OR • Thursday, May 16, 2019 12:00 – 2:00 PM • SIGN UP AT FINANCE TABLE IN THE BACK

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