Download presentation
Presentation is loading. Please wait.
1
Partnership Gathering
June 15, 2017
2
TOTAL LIABILITIES AND EQUITY
Balance Sheet March 31, 2017 ASSETS BALANCES CURRENT ASSETS $875,921 FIXED ASSETS $6,814676 TOTAL ASSETS $7,690,597 LIABILITIES CURRENT LIABILITIES $13,107 LONG TERM LIABILITIES $4,596,847 TOTAL LIABILITIES $4,690,954 EQUITY NET FIXED ASSETS $3,080,643 TOTAL EQUITY TOTAL LIABILITIES AND EQUITY
3
Net Income over Expense
Income Statement March 31, 2017 Revenue Balances % to Total Expenses General Operating Tithe Giving $418,645 Christmas Eve Offering $69,050 Other Income $26,808 Total Revenue $514,503 Expenses Salaries and Benefits $276,504 54.0% Ministries $59,897 11.7% Missions $41,186 8.0% Interest on Loans $40,485 7.9% Apportionments $40,126 7.8% Property and Maintenance $37,135 7.3% Electricity $10,005 2.0% Professional Fees $5,785 1.1% Other Expenses $6,704 1.3% Total Expenses $512,042 100.0% Net Income over Expense $2,461
4
Growth Key Metrics Comparison
January thru March Weekly Average for 2017 Mar YTD Metrics 2015 2016 2017 % Growth Total Attendance Weekly Avg 1223 1,321 1,450 10% Online Attendance Weekly Avg 54 78 144 85% Children Attendance Weekly Avg 159 162 167 3% CR Missionary Weekly Avg 71 75 80 7% Youth Wed's Attendance Weekly Avg * 93 126 155 23% * Jan and Feb 2017 the Weekly Avg
5
Measuring Church Health: Staffing Staff vs Average Weekend Attendance
Other Key Metrics Actual Target Quick Weekly Cash Liquidity (as of 3/31/17) Ratio Coverage 2.60 8 weeks Debt to Income Ratio Actual Est 2017 Current Mortgage Debt/Operating Income 15.8% 15% to 20% Measuring Church Health: Staffing FTE Staff as of 10/31/2015 Staff vs Average Weekend Attendance Average - Target Attendance to Full Time Equivalent (FTE) Staff 21.5 67.4 86.1 $ Salaries / $ Income Target Range Year-end Salaries comparison to income % 54% 50% to 60%
6
NEXT PROJECTION CASH FLOW
as of 3/31/17 Cash Received Estimated TOTAL Actual 12 Mths 5 Mths Amount Comment 2015 2016 2017 2018 NEXT Analysis Total Received Received (Non-Pledge) 73,212 40,148 22,702 10,362 26,000 21,000 109,850 Pledged(Tot $969,066) Due 85% 969,066 305,094 205,171 41,446 190,000 120,803 821,068 is $821,068 930,918 Pledges plus Non-Pledge 345,242 227,873 51,808 216,000 141,803 Cash Paid FOUR BUCKETS Expansion of Sanctuary 400,000 5,825 194,175 200,000 Office Building and Salaries 100,000 Missions 30,000 Mortgage Supplement (Funding) 385,918 56,807 162,524 42,000 166,587 Steve Stroope 15,000 Total 171,807 168,349 390,762 Build our reserve back up NET CASH FLOW 173,435 59,524 9,808 -174,762 -58,197 Accumulation Net Cash Flow 232,959 242,767 Principal payment estimated to be $14K a month.
Similar presentations
