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Free Will Baptist Church of Townsend Financial Overview.

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Presentation on theme: "Free Will Baptist Church of Townsend Financial Overview."— Presentation transcript:

1 Free Will Baptist Church of Townsend Financial Overview

2 September YTD 2010

3 Cash Trend Year Over Year 3

4 Summary Income Statement 4

5 2010 Budget Balancing Efforts 5

6 Over The Budget Requests 6

7 2011 Financial Overview

8 What drives our Revenue? Two major items drive our revenue – Sunday Attendance – Giving per Attendee We measure how we are doing based on these two indicators We also take into consideration economic forecasts for the State of Delaware that will affect these indicators and trends 8

9 TFWB 5 Year Attendance Trends 9

10 Offerings Forecast 10

11 Local Economic Trend Impacts 11

12 What is the long term outlook 12

13 What are the options for Lay off a Pastor 2.Lay off an administrative staff member and/or cut programs 3.Cut all program funding in half 4.Fund the shortfall out of savings with some program reductions

14 What is the Board of Directors recommendations 14 4)Fund the shortfall out of savings with some program reductions Giving us the church the best opportunity to grow out of its current situation Realizing that God has blessed us with the store house of money to be used in such a time as this Allows for us to see God’s hand at work and perform a miracle

15 What are the options for 2012 if the current trends continue 15 1.Lay off a Pastor 2.Taking savings to zero

16 2011 Proposed Budget

17 Staff & Related Expense 17 1.Healthcare cost continue to climb by 18% 2.Salaries are held flat

18 Staff Ministries 18

19 Home & Foreign Missions 19

20 Organizational Missions 20

21 Lay Ministries 21

22 Facilities Expense 22

23 Admin & Other Expenses 23

24 Bottom Line Totals 24


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