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Free Will Baptist Church of Townsend Financial Overview

Free Will Baptist Church of Townsend Financial Overview. September YTD 2010 . Cash Trend Year Over Year . Summary Income Statement. 2010 Budget Balancing Efforts. Over The Budget Requests. 2011 Financial Overview. What drives our Revenue?. Two major items drive our revenue

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Free Will Baptist Church of Townsend Financial Overview

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  1. Free Will BaptistChurch of TownsendFinancial Overview

  2. September YTD 2010

  3. Cash Trend Year Over Year

  4. Summary Income Statement

  5. 2010 Budget Balancing Efforts

  6. Over The Budget Requests

  7. 2011 Financial Overview

  8. 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

  9. TFWB 5 Year Attendance Trends

  10. Offerings Forecast

  11. Local Economic Trend Impacts

  12. What is the long term outlook

  13. What are the options for 2011 • Lay off a Pastor • Lay off an administrative staff member and/or cut programs • Cut all program funding in half • Fund the shortfall out of savings with some program reductions

  14. What is the Board of Directors recommendations • 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

  15. What are the options for 2012 if the current trends continue • Lay off a Pastor • Taking savings to zero

  16. 2011 Proposed Budget

  17. Staff & Related Expense Healthcare cost continue to climb by 18% Salaries are held flat

  18. Staff Ministries

  19. Home & Foreign Missions

  20. Organizational Missions

  21. Lay Ministries

  22. Facilities Expense

  23. Admin & Other Expenses

  24. Bottom Line Totals

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