2014 Chuckatuck Building Update

Chuckatuck Building Update

Church Building Report Card

January 2015 (Final numbers for 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
      • 84% of our 2015 budget goes to administrative costs (rent, insurance, land payment, salaries)
      • 16% is dedicated to ministry
      • Unless we revise the 2015 budget this number is set for the remainder of the year.
    • The long term debt ratio is at $3-5000 per attendee.
      • We averaged 112 people for the month of January.
      • If you take $2,000,000 and divide it by 112 you get $17,857 per attendee.
  • Note: For 2014 we averaged 112 giving us a debt ratio of $17,857.
    • Meeting the budget or surpassing the budget in giving.
      • Our Monthly Budget need is for 2014: 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
      • September Giving: 18914
      • October Giving: n/a
      • November Giving: 15984
      • December: n/a
  • 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)
    • Avg for September: 112 (99 in 2013)
    • Avg for October: 104 (106 in 2013)
    • Avg for November: 97 (100 in 2013)
    • Avg for December: 112 (120 in 2013)
    • For the year we averaged 112 (104 in 2013)
  • Debt to loan ratio.
    • We owe approximately $54,000 on the land and the land was independently assessed at $340,000 giving us an equity of $286,000 .  So this number is strong.
    • We can use the equity in the land as a down payment on the building.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s