HTLC 2011 Budget Planning

2011 Budget Planning : 

2011 Budget Planning December 14, 2010 | Version 12 1

HTLC Mission Statement : 

To be a nurturing community where Jesus Christ transforms people’s spiritual lives and empowers them to make a difference. Bottom Line We want HTLC to be a place where God changes peoples lives. HTLC Mission Statement Objective 1: To define & implement a clear and simple plan of assimilation/connection/enculturation from first awareness to active participation Objective 2: To grow a comprehensive children’s ministry which meets the needs of preschool through 6th grade children Objective 3: To grow a comprehensive youth ministry which meets the needs of Junior & Senior High youth Objective 4: To define & implement a process for adult spiritual formation and transformation Objective 5: To develop hands-on Local & Global Service Opportunities 2

Earthly Limits & God’s Infinite Gifts : 

While HTLC is a place where God changes peoples lives, we still have earthly limits to work within: Time People Money However, being in God’s house these mustard seeds can explode in ways that are not bound by these parameters. God asks us for faith to make this gifts boundless, limitless, and timeless. Earthly Limits & God’s Infinite Gifts 3

The Journey : 

This material provides the education that has taken the council nine months to understand. We are asking you to come along on this journey, because we (as a congregation) need to make some difficult decisions about our future. We need to understand, pray, and move forward together. The Journey 4

Desired Outcomes : 

1. Seek a Common Understanding Understand our church financials Understand some of our fiscal history Understand where we stand today 2. Define our 2011 budget objective and the challenge ahead. 3. Strategize on 2011 alternatives 4. Work as a congregation on how to move forward Desired Outcomes 5

Seeking Common Understanding : 

Seek First to Understand, then to be Understood Proverbs 4:7 Seeking Common Understanding 6

Current Assets : 

Current Assets Total = $980,924* * As of 10/31/2010 7

Intrinsic Value : 

Provided 3 community dinners Established a Lay Care Ministry Received 20 new members Started a Youth Ministry Taught Sunday School all summer Baptized 4 children Celebrated 12 First Communions Planted the retention basin Enjoyed the first Rally Day Picnic Blessed a patio full of pets Voted to create a new Multi-Purpose Room Worked at the Food Pantry Celebrated the Season of Creation Won the 4th of July trophy   Enjoys musical gifts of children and youth in worship Teaches the faith to 19 Confirmation students Started a partnership with Appalachian Ministry Streams Sunday worship over the internet Started new Spiritual Formation and Family Groups Donated all-time high Rummage Sale proceeds Enjoyed inaugural Youth Dinner and Game Night Increased giving to the work of the local and national church Joined the LSTC Ministry in Context program Kept almost all the congregation’s ministries and traditions and held expenses under budget Intrinsic Value 8 Let our light shine!

HTLC Historic Financials : 

HTLC Historic Financials * Projected 9

2010 HTLC Forecast*/Actuals : 

2010 HTLC Forecast*/Actuals Operating Budget = 277,774 + Designated Funds = 43,266 ----------------------------- Total = $321,040 * Projected last two months of 2010 to get entire picture 10

HTLC vs. Average : 

Holy Trinity Average Church Spending HTLC vs. Average 11

Outstanding Debt : 

Outstanding Debt 12 Total = $186,415

Balanced Budget : 

We need to pass a balanced budget: We cannot afford to increase our line of credit (currently $54K, capped at $75K) We need to be able to prove to the bank we are financially viable for the future We need to secure a loan for the 2011 Fire Alarm System ($55K) We need to be responsible stewards Balanced Budget 13

Pledges to Date : 

Amount Pledge As of December 2, $225,130 has been pledged. Additional Contributions In past years, about 25% more comes in as additional revenue. For 2010, this was actually 15% -- most likely due to the economic downturn. For 2011, we are assuming a 15% additional contributions above the pledged amount for budgeting purposes. Pledges to Date 14

Budget Changes for Next Year : 

$250K Revenue $209K Pledges $31K Other (Additional Contributions, Holidays, Petra, Building Use, etc.) $277 K Expenses(See prior slide) $258.5 Revenue $225K Pledges $33.5K Other (Additional Contributions, Holidays, Building Use, etc.) $287 K Operating Expenses($6K Salary Increases,+$1.5K Utility Increases,+$1.2K Office,+2.5K Building- $1.5K Ministry Expenses) 2010 Actuals 2011 Budget ?!? Budget Changes for Next Year 15

Spectrum of Change : 

Increase Contributions by 10% ($287k) Full Transparency to Congregation, Increased Membership, Increased Contributions 10% (or $7.00/wk/pledge) Middle Ground: Increased Contributions & Reduced Spending No Nursery ($2,300) No Taizé ($800) Reduced Landscaping ($0 - $3,950) Snow Removal ($0 - $5,940) No Bulletins ($550) No Kitchen Supplies ($720) No Salary Increases ($6,000) Salary Reductions Other ? Staffing Layoffs Spectrum of Change Decrease Spending By 10% (258.5K) 16

Next Steps : 

Town Halls using this material on: Sunday, December 5, at 10:30 AM Tuesday, December 7, at 7:00 PM Hold second Town Hall on Sunday, January 9, at 10:30 AM to share results of data collection. 115% of pledges received as of January 15th determines our revenue budget for 2011. Finance Committee and Congregational Council will meet on January 18th to determine balanced budget for 2011 using the congregational responses from data cards and the contributions pledged. Sunday, January 30th , hold the Congregational meeting for final vote on 2011 budget and new proposed fire alarm system. Next Steps 17 During these meetings we are dispersing and collecting data cards from congregation (See next slide.).

Data Card Collection : 

1. Based on this information, how severe do you feel our financial situation is? a) We will always be in debt b) We can achieve a balanced budget this year, and begin a journey to eliminate our debt within 5 years c) In five years, Holy Trinity will grow three fold in contributions taken in and contributions given out 2. Based on this information, what are you most likely do? a) Increase current pledge by 20%, b) Increase current pledge by 15%, c) Increase current pledge by 10%, d) Increase current pledge by 5% e) Start contributing f) No change in current pledge amount 3. What would you be willing to sacrifice in order to reduce our spending? 4. What should we make sure not to change, i.e., what is essential for you at HTLC? 5. Aside from money, what ways would you be willing to contribute so we could reduce spending? (e.g., mowing lawn, nursery duty, provide kitchen supplies) Your General Comments: Data Card Collection 18