Wooddale ChurchFinancial & Decision

Papers 2017 Stub Year

Come, Follow Me

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WOODDALE CHURCH

2016 Annual Meeting | March 17, 2017

I. The meeting was called to order at 6:30 p.m. by Chairman Harlan Kragt, who led the congregation in prayer. Pastor Dale Hummel gave an opening devotional.

II. Ministry Highlights: “A Look at 2016” video was shared, highlighting ministry in 2016.

III. The minutes of the February 29, 2016 Annual Meeting were approved as written.

IV. Ratification of New Members: Harlan Kragt submitted the list of new members as stated in the 2016 Financial and Decision Supplement. The congregation ratified the list of new members as presented.

V. Board of Elders Report: Shelly White presented a report of the Board of Elders on 2016 activities, financials and the move to a school-year based fiscal year.

VI. Financial Reports:

A. Ministry Fund Report: Executive Pastor Rich Kristak presented a report on the 2016 Ministry Fund and the 2017 Ministry Fund proposed budget and the change to a September 1 – August 31 fiscal year. The congregation approved the proposed 2017 Stub Year Ministry Fund budget as stated in the Financial and Decision Supplement.

B. Worldwide Fund Report: Executive Pastor Rich Kristak presented a report on the 2016 Wooddale Worldwide Fund and the proposed 2017 Wooddale Worldwide Fund budget. The congregation approved the proposed 2017 Stub Year Wooddale Worldwide Fund budget as stated in the Financial and Decision Supplement.

VII. Nominating Committee Report: Jim Robinson, Chair of the Nominating Committee, and Harlan Kragt presented a report of the activities of the Nominating Committee:

A. Elder Nominations: The Committee nominated Tim Brands as candidate for elder of Wooddale Church. The congregation elected Brands as elder.

B. Elder Ratification: The Committee nominated Harlan Kragt, Mick Greene, Kevin Wilde and Jim Bast for ratification as elders. The congregation ratified all nominees.

C. Nominating Committee: The Committee nominated Joel Boelke, Dan Engberg, Judy Jones, Helene Herbst, Jill Perkins, Mark Solfelt and Cabot Wohlrabe as members of the 2017 Nominating Committee. All nominees were elected.

VIII. Consolidated Budget Report: Brianna Falk and Tom Correll made a presentation regarding the adoption of a consolidated Ministry and Worldwide fund budget for the 2017-18 fiscal year. Discussion sessions will be held with the congregation in the coming months.

IX. Elder Recognition: Harlan Kragt led a time of appreciation for Elder Todd Brady, who completed 10 years of service on the Board of Elders.

X. Faith Story Video: A faith story video was shared with the congregation.

XI. Pastor’s Comments and Vision for the Future:

Pastor Dale Hummel shared personal comments on how God has worked in Wooddale Church in the past year and vision for the future. Pastor Dale Hummel presented 2017 Goals and objectives for discussion by the congregation.

XII. Closing Prayer: Pastor Vicki Windfeldt led the church in facilitated prayer for the people and ministries of Wooddale Church. Pastor Dale Hummel closed the meeting in prayer.

XIII. Adjournment: The meeting was adjourned at 8:15 p.m.,

Mick Greene, Secretary

2016 Annual Meeting Minutes

2016 Annual Meeting MinutesAction Items

Amy AdamsBob Anderson Joan Anderson Marilyn Cramolini Cathy Darcy Randy Darcy Matthew Eich Nancy Engberg Elena Friske Angela Funderburg Richie Funderburg Helen Hamman Brad Herndon Terry Hipp Ben Humme Sarah Hummel Dayna Kaplan Jeff Koskovich

Jose Martin Zapata Sophie Michelau Zack Moore Ashley Musack Jake Musack Don C. Peterson Ed Plass Kate Plass Martin Pulrang Jeff Quinn Jenna Quinn Denise Rauchman Shuree Rivera Ryan Rueckert Doug Sager Ruth Sager Christy Sirek Jason Sirek

Abby Smith Dan Smith Sally Stewart Jessica Tuenge Amy Wellner Cathy WiseMike Wise Barbara ZellerPaul Zeller

2017 Wooddale ChurchNew Members

WC 17-1: MSC to ratify the list of new members as presented in the 2016 Financial and Decision Supplement.

WC 17-2: MSC to approve the 2017 Stub Year Ministry Fund budget as stated in the Financial and Decision Supplement.

WC 17-3: MSC to approve the proposed 2017 Stub Year Wooddale Worldwide Fund budget as stated in the Financial and Decision Supplement.

WC 17-4: The Nominating Committee nominated Tim Brands as candidate for elder of Wooddale Church. The congregation elected Brands as elder.

WC 17-5: The Nominating Committee nominated Harlan Kragt, Mick Greene, Kevin Wilde and Jim Bast for ratification as elders. All were ratified by vote of the congregation.

WC 17-6: The Nominating Committee nominated Joel Boelke, Dan Engberg, Judy Jones, Helene Herbst, Jill Perkins, Mark Solfelt and Cabot Wohlrabe as members of the 2017 Nominating Committee. All nominees were elected by vote of the congregation.

ASSETSCash and Cash Equivalents $ 2,558,717 $ 4,197,237

Marketable Securities - 30,052

Accounts Receivable 18,668 7,057

Inventory 13,253 17,827

Prepaid Expenses and Other Assets 38,520 32,805

Subtotal 2,629,158 4,284,978

PROPERTY AND EQUIPMENTLand 5,989,898 5,989,898

Land Improvements 3,267,183 3,257,208

Buildings and Improvements 34,369,066 34,327,073

Furniture and Equipment 10,279,145 10,095,131

Total Property and Equipment 53,905,292 53,669,310

Less: Accumulated Depreciation and Amortization (25,484,075) (24,295,162)

Net Property and Equipment 28,421,217 29,374,148

Total Assets $ 31,050,375 $ 33,659,126

LIABILITIES AND NET ASSETSLIABILITIESAccounts Payable $ 89,950 $ 506,151

Line of Credit 542,483 1,447,483

Unearned Revenue - Tuition 101,351 50,361

Asset Retirement Obligation 187,367 175,191

Accrued Expenses 53,613 55,429

Long-Term Debt 2,249,278 2,685,298

Total Liabilities 3,224,042 4,919,913

NET ASSETS Total Net Assets 27,826,333 28,739,213

Total Liabilities and Net Assets $ 31,050,375 $ 33,659,126

Wooddale ChurchBalance Sheet

August 31, 2017 and 2016

2017* 2016

*The 2017 numbers are unaudited. The final audit will be completed in November 2017. If you would like to review the full audited financial statements, contact Rich Kristak, Executive Pastor - Support.

REVENUEContributions - Ministry $ 4,074,201 $ 4,553,871 $ 7,166,771

Contributions - Worldwide 942,653 1,200,000 1,800,000

Contributions - Compassion 181,600 167,000 250,000

Total Revenue $ 5,198,454 $ 5,920,871 $ 9,216,771

OPERATING EXPENSESStaff & Benefits $ 2,760,178 $ 2,899,700 $ 4,586,050

General Facility 469,137 492,000 688,500

Corporate 142,842 121,700 165,000

Design and Communications 114,783 137,300 234,600

Ministry Support 104,029 142,425 192,600

Ministry Teams 320,874 355,025 630,717

Edina Multi-site Campus 256,047 258,010 487,750

Loring Park Multi-site Campus ** - - -

Compassion 133,707 167,000 250,000

Worldwide $ 938,678 $ 1,200,000 $ 1,800,000

Total Operating Expense $ 5,240,275 $ 5,773,160 $ 9,035,217

OTHER BUDGET ITEMSDebt Service $ 276,141 $ 250,400 $ 375,600

Capital Spending - - -

Wooddale Academy (56,717) (79,500) (99,946)

Catering/Facility Income (60,749) (23,189) (94,100)

Other Income & Expense (530) - -

Total Other Budget Items $ 158,145 $ 147,711 $ 181,554

Total Expenditures $ 5,398,420 $ 5,920,871 $ 9,216,771

Surplus (Deficit) $ (199,966) $ - $ -

** Loring Park Funded By Vision ‘22 Near

Wooddale ChurchFY2018 Proposed Budget Summary

20178 Month Stub

Actual

20178 Month Stub

Budget

FY2018Proposed Budget

REVENUE

Contributions - Unrestricted $ 942,653 $ 1,200,000 $ 1,800,000

Total Revenue $ 942,653 $ 1,200,000 $ 1,800,000

EXPENDITURES (see schedules)

Developing Godly Leaders $ 346,179 $ 355,504 $ 544,156

Transforming Communities 368,538 391,577 590,844

Serving the Least of These 84,184 149,700 242,400

#WeAreFor (formerly LOVE IN[DEED]) 28,750 61,750 118,500

Opportunities from God 79,522 188,969 229,600

Ministry Support 31,505 52,500 74,500

Total Expenditures $ 938,678 $ 1,200,000 $ 1,800,000

Net Carryover Spending $ - $ - $ -

Budget Income (Loss) $ 3,974 $ - $ -

Wooddale Worldwide Fund2017 Stub Year Expenses ScheduleFY2018 Proposed Budget Summary

2017Stub Actual

2017Stub Budget

FY2018Proposed

Developing Godly LeadersCamino Global $ 6,800 $ 6,800 $ 10,200

CBMC (Christian Business Men’s Connection) 3,200 3,200 4,800

CONVERGE (3 global partners) 13,000 13,000 19,500

CONVERGE (Bethel University/Seminary) 5,000 5,000 10,000

CONVERGE (National Ministries) 5,000 5,000 10,000

Cru (10 global partners in 2017, 9 in FY2018) 84,232 84,232 117,348

CTEN (formerly OC International partner) 14,400 14,400 21,600

Daystar 10,000 10,000 20,000

DOOR 6,000 6,000 10,200

FaithSearch 2,500 2,500 5,000

Frontiers (2 global partners in 2017) 12,800 12,800 20,400

JSAW 4,000 4,000 6,000

CONVERGE North Central (formerly MIBC) 10,000 10,000 20,000

Mission Training International (formerly Converge partner) 4,000 4,000 6,000

National Association of Evangelicals 7,500 7,500 15,000

Navigators (3 global partners) 22,000 22,000 33,000

New Horizons (2 global partners) 22,000 22,000 33,000

OC International (4 global partners in 2017, 3 in FY2018) 24,872 24,872 37,308

Pioneers 8,000 8,000 12,000

RCE International 4,800 4,800 7,200

ReachGlobal 4,800 4,800 7,200

SEND 17,200 17,200 25,800

Stadium Village Church - - -

TEAM (2 global partners) 33,200 33,200 49,800

Transform MN 5,000 5,000 10,000

United World Mission 8,000 8,000 12,000

Wooddale Church - Bulgaria 675 10,000 10,000

Youth for Christ 7,200 7,200 10,800

Total Developing Godly Leaders $ 346,179 $ 355,504 $ 544,156

Wooddale Worldwide Fund2017 Stub Year Expenses ScheduleFY2018 Proposed Budget Summary

2017Stub Actual

2017Stub Budget

FY2018ProposedOrganization

Transforming CommunitiesCCCC (Conservative Congregational Christian Conf.) $ 2,500 $ 2,500 $ 5,000

Christar - - -

Common Ground 6,672 6,672 10,008

Cru 4,000 4,000 6,000

EPPIC 8,800 8,800 13,200

ESI 6,200 6,200 6,200

Frontiers (2 global partners) 13,600 13,600 20,400

Globeserve 11,000 11,000 16,500

Greater Europe Mission 1,800 1,800 -

Haiti Teen Challenge 2,500 2,500 5,000

Navigators (4 global partners) 28,880 28,880 44,520

Navigators/M:MM (3 global partners) 27,600 27,600 46,400

Pioneers (2 global partners) 24,600 24,600 36,900

Reach Beyond 4,000 4,000 6,000

Servant Partners 8,000 8,000 12,000

Steiger Ministries (2 global partners in 2017, 3 in FY2018) 16,400 16,400 35,600

Thai Thaim 12,000 12,000 12,000

Urban LifeSource - - -

Wooddale Church - Eastern Europe 2,500 2,500 5,000

Wooddale Church - HIV/AIDS - 20,000 30,000

Wooddale Church - India 92,500 95,000 142,500

Wooddale Church - Indonesia 45,333 45,333 68,000

Wooddale Church - Staff Travel 9,461 10,000 15,000

World Evangelical Alliance 2,000 2,000 4,000

World Venture 6,720 6,720 10,080

Wycliffe Bible Translators (3 global partners) 31,472 31,472 40,536

Total Transforming Communities $ 368,538 $ 391,577 $ 590,844

Wooddale Worldwide Fund2017 Stub Year Expenses ScheduleFY2018 Proposed Budget Summary

2017Stub Actual

2017Stub Budget

FY2018ProposedOrganization

Serving the Least of TheseChristian & Missionary Alliance $ 7,200 $ 7,200 $ 10,800

Community Emergency Service* - - -

TreeHouse* - - -

Heshima 4,800 4,800 7,200

JRG Ministries 2,200 2,200 4,400

Metro Young Life 7,500 7,500 15,000

MN Adult & Teen Challenge 5,000 5,000 10,000

Prison Fellowship 1,000 1,000 2,000

PROP* - - -

Questscope 6,250 6,250 12,500

She is Safe 3,200 3,200 4,800

Sunshine Gospel Ministry 2,500 2,500 5,000

Transform MN-New Life Family Services* - - -

United World Mission 2,000 2,000 4,000

Urban Ventures 7,500 7,500 15,000

Wooddale Church - Fighting Sex Trafficking 6,005 13,000 15,000

Wooddale Church - Guatemala 4,836 10,000 20,000

Wooddale Church - Prison Ministry 1,207 1,750 3,500

Wooddale Church - Twin Cities Urban Ministry 14,186 67,000 100,000

Youth Investment Foundation 8,800 8,800 13,200

Total Serving the Least of These $ 84,184 $ 149,700 $ 242,400

#WeAreFor (formerly LOVE IN[DEED])

Arrive Ministries* $ - $ - $ -

Christ for People* - - -

Christian Recovery Counseling* - - -

Meals on Wheels of Eden Prairie* - - -

Minneapolis Recreation Development* - - -

Overcomers* - - -

Transform MN 3,750 3,750 7,500

Wooddale Church - Refugee Resettlement - 2,000 2,000

Wooddale Church - Short Term Ministries-Adult - 3,500 5,000

Wooddale Church - Short Term Ministries-Youth - 2,500 4,000

World Relief International 25,000 50,000 100,000

Total #WeAreFor $ 28,750 $ 61,750 $ 118,500

Wooddale Worldwide Fund2017 Stub Year Expenses ScheduleFY2018 Proposed Budget Summary

2017Stub Actual

2017Stub Budget

FY2018ProposedOrganization

*Denotes organizations paid out of Compassion Fund

Opportunities from GodOpportunities from God $ 79,522 $ 188,969 $ 229,600

Total Opportunities from God $ 79,522 $ 188,969 $ 229,600

Ministry SupportWooddale Church - Administration $ 2,742 $ 4,000 $ 4,000

Wooddale Church - Events 8,016 16,000 25,000

Wooddale Church - Honoraria 1,050 2,500 2,500

Wooddale Church - Missionary Care 1,337 5,000 5,000

Wooddale Church - Promo Materials 1,362 8,000 12,000

Wooddale Church - Staff Travel 16,927 16,000 25,000

Wooddale Church - Training 71 1,000 1,000

Total Ministry Support $ 31,505 $ 52,500 $ 74,500

Carryover SpendingCarryover Spending from Prior Years $ - $ - $ -

Carryover Spending to Future Years - - -

Net Carryover Spending $ - $ - $ -

Total Wooddale Worldwide Budget $ 938,678 $ 1,200,000 $ 1,800,000

Wooddale Worldwide Fund2017 Stub Year Expenses ScheduleFY2018 Proposed Budget Summary

2017Stub Actual

2017Stub Budget

FY2018ProposedOrganization

VERSE

“Come, follow me,”Jesus said, “and I will send you out to fish for people.”Matthew 4: 19

FY2018 CHURCH-WIDE OBJECTIVES

Here

Discipleship Implement Wooddale Disciples Making Disciples Model church-wide

Volunteer Development Implement church-wide process by end of FY’18

Near

Multi-Site Explore and identify a fourthmulti-site opportunity & onboard a Campus Pastor

Micro-Site Explore and identify potentialmicro-site opportunities

Far

Church Planting Work with our Global Partners to plant 1200 new churches and see thousands of new believers trust in Jesus

PRAYER FOCUS

Pray that Wooddale would follow Jesus, be changed by Jesus and pursue His mission with passion.

LookingForward 2018FiscalYear