Presentation Given
Sunday, August 3, 2014
by Terry Denison
Leadership Team Chairman
Mid-Year Financial Report
as of June 30, 2014
Year
Annual
Budget
Weekly
Need
Actual
Giving
2012
$550,000
$10,577
$623,041
2013
$780,000
$15,000
$692,557
$850,565
$16,357
$462,008
Mid-Year
2014
Mid-Year Financial Report
as of June 30, 2014
Other
Year
Giving
Non-Budgeted
2012
$623,041
2013
Mid-Year
2014
Expenses
Black/Red
$23,436
$580,523
$65,954
$692,557
$27,223
$726,146
[$6,366]
$462,008
$48,489
$448,227
$62,270
Income
Mid-Year Financial Report
as of June 30, 2014
--New/Increased Expenses- Mortgage Payment




$8,200/month
Utilities
Insurance
Maintenance
Staff
 Children’s Programs
 Youth Programs
 New Ministries
 Transportation
 Special Projects
Mid-Year Financial Report
as of June 30, 2014
1st Mortgage Loan = $1,500,00
- $ 1,478,838.57 loan balance as of 6/30/14
- at 4.25 %
- Amortized over a 25 year period
- Monthly Payment = $8,200
Mid-Year Financial Report
as of June 30, 2014
2nd Mortgage Loan = $598,035
- $ 371,008 loan balance as of 6/30/14
- at 4.25 %
- 3 year note to be repaid from Bridge the Gap Pledges
- Minimum Monthly Payment = accrued interest
Bridge the Gap
“The Bell Lap”
as of June 30, 2014
Bridge the Gap
“The Bell Lap”
as of June 30, 2014
Pledge Summary
Date of Data
6/30/14 Total Number of Pledges
152
Percent Completed
90%
Total Amount Pledged
$1,085,107
Percent of Funds Received
95%
Giving Against Pledges
$1,028,469
Non-Pledge Giving
Percentage
20%
Non-Pledge Giving
$ 219,331
Total Percent Received
115%
Total Receipts
$1,247,800
Bridge the Gap
“The Bell Lap”
as of June 30, 2014
Pledge Detail
Done & Then
Some
>= 100%
> 90%
Needs to
Catch Up
60-90%
35
Doing Great
< 60%
Never
Started
0%
47
21
Not So Good
Totals
Number of Pledges
Per Category
39
10
Amount Pledged
Per Category
$436,330
$34,235
$281,220 $285,440 $47,882 $1,085,107
Receipts
Per Category
$677,726
$32,004
$224,524
Overage /
Outstanding Receipts
$241,396
($ 2,231) ($56,696) ($191,226) ($47,882) ($298,035)
$94,215
$0
152
$1,028,469