2024/2025 PROPOSED BUDGET

This document is the proposed 2024/2025 operational budget, which is to be voted on by the voting members by August 4, 2024. If you need to vote absentee, you may do so any time by coming to the front office between July 21, when this proposal has been distributed, and the voting deadline of August 4. If you wish to receive an expansive Budget Memorandum, please contact the church office and a printed or electronic version may be provided to you.

PROJECTED CHURCH INCOME

SUMMARY OF EXPENSES

If you would like to review the expanded church budget memo click HERE or contact the church office for a physical copy. 

Footnotes

  1. This year we are planning to demolish one of our rental properties which is decreasing overall rental income.

  2. This year our expenses are exceeding our projected income due to the removal of one rental property and the planned expansion of our parking lot. This cost will be paid for by current surplus savings. 

  3. Children’s Ministry expenses were slightly decreased to match their actual spending needs.

  4. Women’s ministry was slightly decreased to match their actual spending needs. In addition, the marriage conference was spent out of this budget line last year, but in the next fiscal year, it has its own budget line so the Women’s Ministry budget was reduced accordingly.

  5. A small amount of extra funds are being invested in corporate worship to improve and maintain the lighting, sound, and video technology in our worship center.

  6. The church always saves surplus funds and currently holds them in several investment accounts which are generating income for us. This fiscal year, we are going to put these savings into our expense planning to ensure that we set aside those funds to pay for future expansion or unforeseen costs.

  7. The Fellowship of Christian Athletes is a new local community outreach para-church organization we are partnering with in the coming fiscal year. Our pastors are partnering with this organization to minister the gospel and disciple students inside our local public schools.

  8. Our International Missions financial distributions are changing significantly. We are increasing overall contributions by 30% and spreading those funds out to multiple new missions organizations. See the detailed missions explanations in the expanded memorandum for more information.

  9. Our staff costs are increasing slightly due to a 4% cost of living increase for all staff members, and because our Student Ministry Director, Nathan O’Brien, is being promoted to the position of Student Pastor. See note #33 in the detailed budget memorandum for more information.

  10. We are increasing rental property expenses this year to meet the increased costs of repairs and upkeep due to inflation and normal wear and tear.