Building Report Card: May 2014

Chuckatuck Building Update

Church Building Report Card

June 2014

Malcolm shared with us 5 criteria CFR likes to be in healthy shape before going into a fundraising campaign.   Here is where we stand as of the end of May.

  • 30% of budget to be towards ministry.
    • Status: Unchanged
    • 74% of our 2014 budget goes to administrative costs (rent, insurance, land payment, salaries)
    • 26% is dedicated to ministry
    • Unless we revise the 2014 budget this number is set for the remainder of the year.
  • The long term debt ratio is at $3-5000 per attendee.
    • We averaged 111 people for the month of April.
    • If you take $1,000,000 and divide it by 111 you get $9009 per attendee.
  • Meeting the budget or surpassing the budget in giving.
    • Our Monthly Budget need is: 18,801.17 (225,614 divided by 12)
      • January Giving: $11665
      • February Giving: $19021
      • March Giving: $18132
      • April Giving: $14696 (Close to ½ of this number was given online)
      • May Giving: $13616
  • Trending upward in attendance. (Goal to hit 125 by Easter, 150 by Father’s Day, and 200 this fall)
    • Avg Att January: 114
    • Avg Att February: 113
    • Avg Att March: 124
    • Avg Att for April: 133 (196 for Easter)
    • Avg Attendance for May: 111 (88 in 2013)
  • Debt to loan ratio.
    • We owe approximately $58,000 on the land and the land is assessed by the city at $224,000 giving us an equity of $166,000 .  So this number is strong.
    • We can use the equity in the land as a down payment on the building.

In summary, two of these criteria stand out: The long term debt ration and the giving above the budget need.  Please pray God will bless in these two areas.

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