New Building Report Card, July 2014

Chuckatuck Building Update

Church Building Report Card

July 2014

 

Malcolm shared with us 5 criteria CFR likes to be in healthy shape before going into a fundraising campaign.  We need these statistics to be strong by July in order to go into the campaign this fall.  Here is where we stand as of the end of June.

  • 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 113 people for the month of June.
    • If you take $1,000,000 and divide it by 111 you get $8849 per attendee.
    • Our 6 month avg is 118 making the ratio 8475.00
  • 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
      • June Giving: 18,223 (6028 was given online)
  • 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)
    • Avg for June: 113 (100 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.
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