� 1 2015 General Fund BudgetThank you for taking time to review LFA’s proposed 2015 General Fund budget. This is a simplified presentation of a working budget that contains about 150 separate line items. We merge categories here to help you avoid data overload. However, if you wish to see a comprehensive version of the budget – or if you have any questions at all about the information presented here – please call or email the church office (856-696-3444 or churchoffice@lfachurch.org). We will be happy to answer your questions by phone or email.

Increased spending in 2015 in these areas…

will help support our vision in these areas …

5,000 Gospel conversations

1,500 Jesus Followers

500 Household – 8 Milestones

50 Pastorates

5 New Churches

Summer Ministry (18%) X X X X

Celebrate Recovery (5%) X X

Crisis Assistance Fund (12%) X X

Gospel Proclamation Events (9%) X X X

Pastorate Leadership Training (165%) X X X X

Church Planting Apprentice Training (19%) X X X X

Church-Wide Events (17%) X X X X

The Marriage Course & Retreat (17%) X X X

Here at LFA, we don’t set a budget each year just to keep the staff paid, our doors open and the lights on. And, as a non-profit organization, we’re not trying to make a buck. What we are doing is honing our vision and making deliberate decisions so that everything we do supports and advances that vision of being a life-changing presence, impacting South Jersey, one life at a time.

In 2015, nearly 25% of our planned outlay for Ministry Support will focus on Gospel influence. This spending will encompass benevolence and healing outreach (like Crisis Assistance, Counseling, Celebrate

Recovery, Deaconesses and Prayer) and Gospel Proclamation outreach (like Alpha, The Story-Formed Way, Gospel Primer and the Marriage Course & Retreat).

NO SALARY INCREASES ... BUT HEALTHCARE IS STILL FULLY PAID

As was the case in 2014, no employee will receive a cost-of-living increase in 2015. But LFA will cover a 6% increase in our employees’ healthcare insurance, without asking staff to contribute to their premiums.

THANKING GOD FOR PROVISION

If you’re reading this, you’re probably one of the people who keeps an eye on LFA’s weekly giving updates in the bulletin each Sunday. So you know that things aren’t rosy – but we still manage to pay our bills and thank our Heavenly Father for what He does provide.

Since the end of 2012, the Youth/Connections Pastor position has been funded almost entirely by a C&MA Metro District grant award and an anonymous estate trust distribution. For 2015, funding for the position will be covered by another anonymous, private donation. “My God is so big, so strong and so mighty – there’s nothing my God cannot do!” (contd pg 4)

IT’S ALL ABOUT THE VISION

$0

$125,000

$250,000

$375,000

$500,000

Pastors/Staff Ministry Support G&A Savings

201320142015

2013-2015 Budget Comparison

2015 General Fund Budget

Sharon Howard (Children & Family Ministries) has cut back to part-time for 2015, but Jessica LeBlanc (1st-6th Grade Ministries) will pick up some of her duties. With the respective decrease and increase in salaries, we still have a projected savings.

$3,174

LFA has been blessed in many, many ways by Tim Vaughn’s expertise in finance and accounting. In 2015, we’ll use his services strictly on a per-project basis, freeing up more of his personal time and cutting back on some of our administrative costs.

$3,217

Besides answering phones with a pleasant demeanor, our receptionist Daniel Matro is a techno-whiz! He helps now with enough computer hardware, applications and design tasks to allow us to cut back on outside IT technical and design support for 2015. Even with a small salary increase for these additional duties, LFA will see a net savings in technology costs.

$1,100

Charissa Ricketts is a tough bargainer! She negotiated a lower cost for our multi-year copier lease. $1,400

Savings $8,891

REALITY CHECK Like any non-profit organization, LFA is exempt from only a portion of local property taxes: those assessed on any buildings that we use for our non-profit mission and up to 5 acres per building. As

a result of Vineland’s 2012 city-wide property reassessment, LFA's tax burden nearly tripled. It was eventually determined that we were mistakenly assessed for improvements that do not exist on the 15 undeveloped acres at Lincoln Avenue and the error was

corrected. However, our property assessment is still 2.5 times what it was in 2012. But with a recent appraisal in hand and some research of comparable properties, we are planning to file an appeal of that assessment in 2015.

SAVING MONEY WHERE WE CAN Little things add up …

LFA Passion: Pursuing the life-changing presence of Jesus, impacting South Jersey one life at a time

2015 General Fund BudgetLiving Faith Alliance - 2015 Budget Summary

Pastors/Staff 2013 2014 2015 ChangePastors $276,082 $276,082 $276,082 $0Staff $94,042 $92,726 $87,708 -$5,018Health Insurance $75,624 $81,528 $86,436 $4,908

Total Pastors/Staff $445,748 $450,336 $450,226 -$110

Percent of total budget 62.00% 61.16% 60.27% -0.89%

Savings 2013 2014 2015 ChangeVision: Church Planting and Building $0 $2,513 $3,000 $487Contingency $33,034 $6,582 $6,762 $180Building RF Cash Replenishment $16,728 $16,728 $16,728 $0

Total Savings $49,762 $25,823 $26,490 $667Percent of total budget 6.90% 3.85% 3.95% 0.10%

Ministry Support 2013 2014 2015 ChangeChildren $4,400 $3,740 $3,240 -$500Junior and Senior High $5,700 $6,540 $7,290 $750Summer Ministry $12,000 $8,500 $10,000 $1,500Family $4,200 $4,100 $4,200 $100Healing & Restoration $15,240 $16,752 $17,400 $648Worship $20,756 $19,900 $20,400 $500TFL $2,000 $2,000 $2,000 $0Alpha & Pastorates $15,750 $7,250 $9,309 $2,059Missions $8,000 $7,000 $7,000 $0Continuing Education $4,622 $4,622 $4,622 $0Leadership Development $12,960 $12,475 $11,800 -$675All-Church Events $2,400 $3,000 $3,500 $500

Total Ministry Support $108,029 $95,879 $100,761 $4,882Percent of total budget 15.03% 14.31% 13.47% -0.84%

TOTAL EXPENSE BUDGET $783,941 $736,308 $747,000 $10,692.3

G&A 2013 2014 2015 ChangeOffice Expenses $19,556 $17,817 $18,340 $523Professional Support $9,250 $9,300 $9,700 $400Communications/Promotions

$11,000 $6,000 $5,900 -$100

Equipment $18,450 $13,450 $11,050 -$2,400Insurance $7,600 $7,600 $10,500 $2,900Facilities $22,084 $21,885 $22,235 $350Utilities $17,600 $18,740 $19,100 $360Grounds/property taxes $18,300 $16,300 $19,864 $3,564Occupancy/Rent $4,800 $4,800 $5,500 $700District & National $51,762 $48,378 $47,334 -$1,044

Total G&A $180,403 $164,270 $169,523 $5,253Percent of total budget 25.09% 24.52% 22.66% -1.85%

2015 General Fund Budget

2015 Proposed Budget