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Published byBrooke Singleton Modified over 9 years ago
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A Different Way of Looking at Funding District Missions
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Overview Current Method Grant Application MAC Approval/Disapproval of Grant Application Funding begins at first of Fiscal Year Monies Distributed are Not Replaced Renewals for Grants go through MAC
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Overview New Approach Funding Request for Mission Investment Loans Requests Approved/Disapproved by MAC Distributions Can Start Anytime if Funds Available After Six Months, Repayments Start* Review of Fund Distributions by MAC based on Ministry Meeting the Agreement * Repayments for Loans taken July through December start in following January
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Loan Terms 20 Year Payback Zero Interest Repayments – Start After 6 Months * Repayments Coincide with Distributions Ethnic Ministries are 50% Grant / 50% Loan No prepayment penalty * Repayments for Loans taken July through December start in following January
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Other Program Information Campus Ministries Remain Grants Current Grants Should Run Their Course Initial Funding From $600K Budget $600K Budget Included for Foreseeable Future Funds not Distributed are Physically Banked in LCEF Steward Account Annual $ Loaned = Budget + Fund Balance
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Idyllic Model Start 5 Missions Per Year $200,000 Loan Per Mission - $40,000 per year Building to Maintain 25 Missions at any one Time
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The Accountant’s View 12345678 Mission #1 40,000 Mission #2 40,000 Mission #3 40,000 Mission #4 40,000 Mission #5 40,000 Mission #6 40,000 Mission #7 40,000 Mission #8 40,000 Mission #9 40,000 Mission #10 40,000 Mission #11 40,000 Mission #12 40,000 Mission #13 40,000 Mission #14 40,000 Mission #15 40,000 Mission #16 40,000 Mission #17 40,000 Mission #18 40,000 Mission #19 40,000 Mission #20 40,000
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Idyllic Model Annual Shortfall/Surplus
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Idyllic Model Fund Tracking
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Idyllic Model Investment Payment $ ($ Coming Back)
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Texas Experience Model An Attempt to Look at Real Life Based on the Ramp Up of The Texas Experience Cultural Change Took Time to Sink In Adds in the Reduced Payback from Ethnic Ministries Still Banking the Funds not used from year to year Nothing More to It
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Texas Experience Model Annual Shortfall/Surplus
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Texas Experience Model Fund Tracking
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Texas Experience Model Investment Payment $
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