Building Report Card for August 2014

Chuckatuck Building Update

Church Building Report Card

August 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 order to go into the campaign.  Here is where we stand as of the end of July.

    • 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 104 people for the month of July.
      • If you take $2,000,000 and divide it by 103 you get $19,231 per attendee.  

 

  • Note: For the first 6 months we averaged 118 giving us a debt ratio of $16,950.

 

    • 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)
        • Note: For the first 6 months we brought in $95,353 ($17,254 below budget)
        • July Giving: $10.906 (Online: 4870)
        • August Giving: 20372

 

 

 

 

    • Trending upward in attendance.
      • 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)
      • Avg for July: 104 (97 in 2013)
      • Avg for August: 104 (97 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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