Financial overview of Free Will Baptist Church of Townsend
An overview of the financial status of Free Will Baptist Church of Townsend, including a summary income statement, cash trend year over year, September YTD 2010 figures, and efforts to balance the budget in 2010.
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About Financial overview of Free Will Baptist Church of Townsend
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1. Free Will Baptist Church of Townsend Financial Overview Free Will Baptist Church of Townsend Financial Overview
2. September YTD 2010 September YTD 2010
3. Cash Trend Year Over Year 3
5. 2010 Budget Balancing Efforts 5
7. 2011 Financial Overview 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 2011 13 1. 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 Gods 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 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
