foursquare church member’s meeting. agenda prayer and opening remarks introduce current church...
TRANSCRIPT
AGENDA• Prayer and opening remarks
• Introduce current church council members and new
nominees
• Ratification vote for new council members
• Review Treasurer’s report followed by Q&A session
• Review other new business
• Announce the results of ratification vote for new council
members
• A word from our pastor
• Prayer and adjourn meeting
CURRENT COUNCIL MEMBERS• Bugs Bunny – President of Warner
Bros and ministry team leader for volunteer church administration
• Daffy Duck – Treasurer & board member for The Pond Homeowner’s Assn.
• Porky Pig – Founder and CEO of the Triconosis Foundation
NEW CHURCH COUNCIL NOMINEES
• Elmer Fudd – Comptroller for the NRA and VBS leader in kid’s ministry
• Scrooge Mc Duck – Chief Financial Officer of Disney Credit Union and member of the greeting team
TREASURER’S REPORT
TREASURER’S REPORT OVERVIEW
•Annual Operating Plan (Summary)
•Summarized Statement of Income and Expenses
•Year-to-Date Budget vs. Actual Activity
•Campus Development Project Expense Summary
•Disposition of Funds Report
•Annual Income and Expense Trend Analysis
•Q&A Session
2005 ANNUAL OPERATING PLAN
Estimated based on prior years
growth statistics
In compliance with Foursquare
Bylaws
Normal monthly spending on
recurring ministry specific needs
Budgeted Operating Income & Expenses - (General) %
Tithes & Offerings 50,000$ 100%
OverheadExtension Tithe 5,000 10%Personnel Expenses 15,000 30%General & Administrative 2,500 5%
Total Overhead Expenses 22,500 45%
Holidays and Events 2,000 4%
Special Projects 4,000 8%
Departmental operating expenses 10,000 20%
Unbudgeted Items 2,000 4%
Total Operating Expenses 40,500 81%
Net increase in assets 9,500$ 19%
Allocate to General Reserve 5,000$ 10%Allocate to Building Fund Reserve 4,500$ 9%
Actual Operating Income & Expenses
Tithes & Offerings 75,000$
OverheadExtension Tithe 7,500 Personnel Expenses 15,000 General & Administrative 6,000
Total Overhead Expenses 28,500
Holidays and Events 15,000
Special Projects 3,000
Departmental operating expenses 13,500
Unbudgeted Items 3,500
Total Operating Expenses 63,500
Net increase in assets 11,500$
Y-T-D Statement of Income & Expenses
YTD OPERATIONS ANALYSIS
Budget vs. Actual Comparison
BUDGET ACTUAL VARIANCE
Tithes & Offerings 50,000$ 75,000$ 25,000$ 50 %Overhead
Extension Tithe 5,000 7,500 2,500 50 %Personnel Expenses 15,000 15,000 - 0 %General & Administrative 2,500 6,000 3,500 140 %
Total Overhead Expenses 22,500 28,500 6,000 27 %
Holidays and Events 2,000 15,000 13,000 650 %
Special Projects 4,000 3,000 (1,000) (25) %
Departmental operating expenses 10,000 13,500 3,500 35 %
Unbudgeted Items 2,000 3,500 1,500 75 %
Total Operating Expenses 40,500 63,500 23,000 57 %
Net increase in assets 9,500$ 11,500$ 2,000$ 21 %
Allocated to General Reserve 5,000$ 6,000$ 1,000$
Allocated to Building Fund Reserve 4,500$ 4,500$ -$
%
TREASURER’S REPORT
CAMPUS PROJECT EXPENSE SUMMARY
Budget Actual Variance% of Budget
Used
% Complete
Phase 2: Office Architectural 9,800$ 10,700$ (900)$ 109% 100%
Phase 3: Kids Wing Upgrades 2,600 2,600 - 100% 100%
Phase 4: Office Construction 316,900 322,800 (5,900) 102% 99%
247,100 255,100 (8,000) 103% 100%
Phase 6: Treasure Island - ConstructionConstruction 400,800 113,600 287,200 28% 33%Exterior Modification 28,000 900 27,100 3% 3%Base Interior Décor 33,000 2,600 30,400 8% 8%A/V systems & lighting 51,000 - 51,000 0% 0%Misc & Contingency 23,300 4,200 19,100 18% n/aTotal 536,100 121,300 414,800 23% 25%
90,000 500 89,500 1% 1%
GRAND TOTAL EXPENSES 1,202,500$ 713,000$ 489,500$ 59% 61%
Project Phase
Phase 5: Temp Youth Center & Campus Master Planning
Phase 7: Childrens Center - Interiors & Furnishings
TREASURER’S REPORT
DISPOSITION OF FUNDS REPORT
Beginning Balance Inflows Outflows
EndingBalance
1/1/2005 9/30/2005
Benevolence Fund $ 0 1,100 700 400$
Building Fund (4,100) 437,300 400,200 33,000
Flow Through Fund 0 75,600 69,100 6,500
Missions Fund 9,000 96,300 93,000 12,300
Miscellaneous Funds 2,600 2,600 2,600 2,600
General Fund 46,400 55,000 45,000 43,500
General Reserve 0 52,300 0 52,300
Building Reserve 0 89,500 0 89,500
Total Fund Balances 53,900$ 240,100$
Fund Balances
TREASURER’S REPORT
Tithes &
Offerings
(in thousands)
ANNUAL INCOME TREND ANALYSIS
$76
$114
$154
$210
'06 '07 '08 '09
TREASURER’S REPORT
$33
$82
$285
$433
'06 '07 '08 '09
Building Fund
(in thousands)
ANNUAL INCOME TREND ANALYSIS TREASURER’S REPORT
Missions Fund
(in thousands)
ANNUAL INCOME TREND ANALYSIS
$35 $33
$96
$49
'06 '07 '08 '09
TREASURER’S REPORT
Overhead
(in thousands)
Variable Expenses
(in thousands)
Bldg. Renovations
(in thousands)
ANNUAL EXPENSE TREND ANALYSIS
$56
$87
$115
$161
'06 '07 '08 '09
$16 $17
$33$36
'06 '07 '08 '09
$24
$90
$172
$384
'06 '07 '08 '09
TREASURER’S REPORT