Agenda
December 3, 2023, 4 pm
Congregational Business Meeting
- Call to Order
- Devotional and Opening Prayer
- Docket Preview
- Explanation and Vote for Elders for 2024
- Explanation and Vote for 2024 Budget
- Updates about Employment Searches—Student Ministry Director and Lead Pastor Searches
- Presentation of the Church Assessment Tool Survey Results
- Adjournment and Closing Prayer
2024 Budget Information
A church budget is an opportunity to creatively imagine how God is going to work in the next year to expand his mission through the faithfulness of his people, financially. It's a tool to help us plan the next year.
How does the proposed budget move us forward (especially during a year in which we are hiring a new lead pastor)?
- Our proposed budget will help us take greater care of our facilities, supporting the many ministries and people who utilize our building.
- This budget strengthens our adult ministries.
- This budget further helps us place the right people in the right roles (multiple employment searches are happening in 2024 including lead pastor, student ministry director, and community ministries director).
- The 2024 budget includes some unique one-time expenses related to the search for a lead pastor.
- This budget primes our ministries for continued growth and success - especially family ministries, assimilation, and hospitality.
What about our cash reserves?
At the end of October we have about $500,000.00 in reserves. Due to ministry needs and events, spending ebbs and flows throughout the year. We will continue to emphasize giving, putting specific goals in front of the congregation. A strong fourth quarter and end of year will set us up for a strong start to 2024. Additionally, the Finance Team will be actively monitoring and evaluating income v. expenses and implement a Plan B budget, if necessary.
Short Term & Longer-Term Savings Goals:
- Build our emergency savings to $780,000 (3 months expenses).
- Intentionally save to pay off the $2.1 million mortgage.
- Save for strategic facilities and ministry initiatives.
2024 Budget: Income v. Expenses
Income:
- Giving: $3,093,511.60
- Non-Giving: $179,782.87
- Total: $3,273,294.47
Expenses:
- Compensation: $1,824,725.36
- Operational & Ministry Expenses: $1,448,569.11
- Total Expenses: $3,273,294.47
**Below is a Google slides presentation that contains similar 2024 budget content that will be used during the annual meeting. Unfortunately, it's not visible on all devices but we will publish it again on our website after the meeting.**