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DRAFT Presentation MaterialsFor CBI board discussion with congregation : 

DRAFT Presentation MaterialsFor CBI board discussion with congregation October, 2009 Version 1.0

Potential questions(please insert your additions; we will need to work on the anscwers) : 

2 Potential questions(please insert your additions; we will need to work on the anscwers) Why didn’t we know this before? As the market has improved (slightly), shouldn’t the situation improve (i.e., use more of the interest to cover the shortfall)? Why don’t we merge? How much are just building expenses at CBI? What’s the cost savings if we mothballed and moved to CSH? Others….

Family Meeting to Discuss the State of the Temple : 

Family Meeting to Discuss the State of the Temple October, 2009 Maybe we should insert a quote or something here that sets the stage for helping?? Mimi – thoughts??

Why are we here tonight? : 

4 Why are we here tonight? Share with you CBI’s current financial situation Describe how we got here What alternatives have we considered (actions already taken) Our recommendation Finally, seek your feedback on what is most important to you

Our situation : 

5 Our situation We are short of cash to pay ongoing expenses Our current deficit is running ~$40,000k We are aggressively cutting all non-essential expenses Have identified cost reductions totaling $7,000 But, this is not sufficient to maintain all the current services In order to continue with our full-service temple, we need the help of the congregation to adopt the new dues structure The board is unanimous in this approach The board, in total, (15 members) has already increased dues by $7,000 If the congregation can not support the new dues structure, we will need to make significant changes to the services CBI can provide on an ongoing basis Before any action is taken, we need to seek your feedback on what CBI services are important to you

How we got here : 

6 How we got here Our annual expenses have consistently exceeded our annual income This is not new news Since 2001… Expenses up ~21% Income up only ~6% In the past, we have balanced the budget by: Borrowing from the Building and Hample funds Those funds are now depleted The economic recession has reduced our investment portfolio by almost 40% Up 21% Up 6% 2001 2009 2001 2009 Our $40,000 deficit

Actions Taken (Reduce Expenses) : 

7 Actions Taken (Reduce Expenses) We have reduced the following expenses: Building (cleaning, maintenance) Ritual (non-holiday music) Meals (linens, kitchen staff) Miscellaneous office (print, supplies) This is a significant move BUT only addresses ~15% of our deficit gap Need Marjorie to ensure this is correct

Actions Taken (Increase Income via New Dues Structure) : 

8 Actions Taken (Increase Income via New Dues Structure) Increasing income is the only way to close our deficit gap Interest income - market driven Fundraisers ~$9k/year Realistic increase is less than 50% (~$4k) Requires increased participation by the congregation A new dues structure becomes the necessary approach to close the deficit Please verify

In order to maintain the full complement of services at CBI, the Board of Directors has approved the new dues structure : 

9 In order to maintain the full complement of services at CBI, the Board of Directors has approved the new dues structure The board has voted unanimously that: We maintain the temple structure as it is today We move forward on our cost reduction items We implement the new dues structure We respectfully ask that the congregation support the new dues structure This ensures we maintain our current level of service offerings If the congregation decides to not support, we will proceed with structural changes that fit within our annual income.

In closing…. : 

10 In closing…. We need each family to do the following: Think through what you have heard tonight Make your own personal decision on the dues structure (confidential) Complete the card we provided this evening and mail it back to John Goldman Please respond by November 13th If we have not received your response, a board member will follow-up with you. We will report back to you our direction (based on member feedback) in early December.

Slide 11: 

11 Thank you Questions?

Slide 12: 

12 Our Mission   We will provide a nurturing environment for worship and prayer, for education, and for community ties and family life within the ideals of Reform Judaism. Our Vision   We want to be a congregation where each individual can comfortably express his/her faithand spiritually grow in both traditional and innovative ways which will inspire an experience of connection to one another, Torah and God.  Further, we want to be a congregation where we can set moral and ethical examples for one another.  We want to create meaningful experiences for our children that will encourage them to choose a deep and long-lasting Jewish identity

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