“Stewardship Is The Christian Response To God’s Blessing” Denville Community Church, UM “Here we GROW…again” January 9, 2005

Priorities 1.Retire Outstanding Debt 2.Fund Construction of New Education/ Office/Multi-purpose Wing 3.Fund Building of Replacement Garage and Community Thrift Shop

Total Cost of Ownership Initial Capital Expense + Ongoing Operational Costs Based on preliminary conceptual drawings and site plan work Capital: Pre Construction (e.g., outstanding mortgage, survey(s), plans, architectural fees, legal fees, permits, etc.) Construction (renovation and new) Contingency Ongoing Operations: Utilities Insurance Maintenance (Grounds and Building) Janitorial Primary Focus Today

Total Cost of Ownership – Capital Component 1,2 Pre Construction$334,825 Construction$1,986,400 Contingency$345,060 1 Estimates only 2 Does not include incremental cost of ongoing operations Total Capital Requirement$2,666,285 Pre-Payments -- 12/31/04 ( $ 20,825) Remaining Capital Requirement$2,645,460

Comprehensive Capital Campaign Strategy Capital Campaign Contributions Wills and Endowments Grants/Gifts in Kind Accumulated Interest Accumulated Interest Expense Total Estimated Contributions: $695,185 $231,725 $250,000 $31,668 ($ 40,490) $1,168,088

Pre Construction$334,825 Construction$1,986,400 Contingency$345,060 Total Capital Requirement$2,666,285 Pre-Payments -- 9/16/04($ 20,825) Remaining Capital Requirement$2,645,460 Contributions: Capital Campaign$695,185 Wills and Endowments$231,725 Grants/Gifts in Kind$250,000 Accumulated Interest$31,668 Accumulated Interest Expense ($ 40,490) Total Contributions$1,168,088 Capital Debt Balance$1,477,372 Interest Expense$766,868 Total Cost of New Debt Retirement$2,244,240 1 Estimates only 2 Does not include incremental cost of ongoing operations Total Cost of Ownership – Capital Component 1,2

Pre Construction$334,825 Construction$1,986,400 Contingency$345,060 Total Capital Requirement$2,666,285 Pre-Payments -- 9/16/04($ 20,825) Remaining Capital Requirement$2,645,460 Contributions: Capital Campaign$695,185 Wills and Endowments$231,725 Grants/Gifts in Kind$250,000 Accumulated Interest$31,668 Accumulated Interest Expense ($ 40,490) Total Contributions$1,168,088 Capital Debt Balance$1,477,372 Interest Expense$766,868 Total Cost of New Debt Retirement$2,244,240 1 Estimates only 2 Does not include incremental cost of ongoing operations Total Cost of Ownership – Capital Component 1,2 Total Capital Cost Project (Total Capital + Interest Expense) $ 3,433,153

Assumptions Based on current conceptual drawings and site plan work Entire project is completed in 18-months Capital campaign coupled with Wills and Endowments yield 2x annual budget Goals for Grants and Gifts –in-Kind are actualized Third party assistance secured for Capital Campaign, Wills and Endowments Capital campaign commitments are realized in three years Interest rate of 6.0% Fifteen year note

Pre Construction$334,825 Construction$1,986,400 Contingency$345,060 Total Capital Requirement$2,666,285 Pre-Payments -- 9/16/04($ 20,825) Remaining Capital Requirement$2,645,460 Contributions: Capital Campaign Wills and Endowments Grants/Gifts in Kind$250,000 Accumulated Interest$31,665 Accumulated Interest Expense ($ 40,490) Total Contributions Capital Debt Balance$945,460 Interest Expense$490,580 Total Cost of New Debt Retirement$1,436,040 1 Estimates only 2 Does not include incremental cost of ongoing operations Total Cost of Ownership – Capital Component 1,2 WHAT IF ? Total Capital Cost Project (Total Capital + Interest Expense) $ 3,156,865

Pre Construction$334,825 Construction$1,986,400 Contingency$345,060 Total Capital Requirement$2,666,285 Pre-Payments -- 9/16/04($ 20,825) Remaining Capital Requirement$2,645,460 Contributions: Capital Campaign$964,365 Wills and Endowments$494,460 Grants/Gifts in Kind$250,000 Accumulated Interest$31,665 Accumulated Interest Expense ($ 40,490) Total Contributions$1,700,000 Capital Debt Balance$945,460 Interest Expense$490,580 Total Cost of New Debt Retirement$1,436,040 1 Estimates only 2 Does not include incremental cost of ongoing operations Total Cost of Ownership – Capital Component 1,2 WHAT IF ? Total Capital Cost Project (Total Capital + Interest Expense) $ 3,156,865

Continued Faithful Stewardship Can Make This An Achievable Initiative If We Continue To… Faithful Stewardship “Move to Higher Ground”