Rounding 1Rounding 1stst … Heading for 2 … Heading for 2ndnd

2013 State of the Church2013 State of the Church

MovingMoving Toward Toward MaturityMaturity

Now that we own it, Now that we own it, when do we movewhen do we move??

1. Cost :: 1. Cost :: $2,025,000$2,025,000Represents purchase of the facility, long-term Represents purchase of the facility, long-term

master master planning, architectural design, and planning, architectural design, and engineering fees, etc. engineering fees, etc.

2. Cash paid by the church (2006 – 2012)Cash paid by the church (2006 – 2012)$925,000 (45%)

We’ve Made It to 1We’ve Made It to 1stst

3. Amount borrowed by the church (2012)Amount borrowed by the church (2012)$1,100,000 (55%)

Cost :: Cost :: $2,250,000$2,250,000Represents complete renovation (in four phases) of 36,000 sq. Represents complete renovation (in four phases) of 36,000 sq.

ft. offt. of

the facility; re-landscaping of parking lot as required by the city.the facility; re-landscaping of parking lot as required by the city.

1. 1. Cash needed for Phase I (CO) :: Cash needed for Phase I (CO) :: $1,200,000$1,200,000Our plan is to …Our plan is to …

a) pay in cash $775,000 (65%) – a) pay in cash $775,000 (65%) – we we havehave $515,000$515,000

b) borrow $425,000 (35%) – b) borrow $425,000 (35%) – we we needneed $685,000 $685,000 1) 1) $450,000 $450,000 in outstanding pledges due in outstanding pledges due

12/1312/132) 2) $235,000 $235,000 then will need to be then will need to be

discovereddiscovered

Getting to 2Getting to 2nd nd

2. Cash needed for Phase II :: 2. Cash needed for Phase II :: $550,000$550,000

Getting to 2Getting to 2ndnd

3. Cash needed for Phase III :: 3. Cash needed for Phase III :: $475,000$475,000

4. Cash needed for Phase IV :: 4. Cash needed for Phase IV :: $225,000$225,000

To Stand on 2To Stand on 2ndnd Base Base

1. Required :: $3,425,000 $3,425,000 Represents the purchase, design, and complete

renovation of 36,000 sq. ft. of the facility and total re-landscaping of the parking lot as required by the city.

2. What we plan to pay in cash :: 2. What we plan to pay in cash :: $1,900,000 $1,900,000 (55%)(55%)

3. What we plan to borrow :: 3. What we plan to borrow :: $1,525,000 $1,525,000 (45%)(45%)

“Let us not become weary in doing good,for at the proper time at the proper time we will reap a harvest

if we do not give updo not give up..” Galatians 6:9

Resolve #1: PatiencePatience

““The One who calls you The One who calls you (He) is faithful(He) is faithful,,and and He will do itHe will do it.”.”

II Thes. 5:24II Thes. 5:24

Resolve #2: PrayerPrayer

“Seek first His kingdom and His first His kingdom and His righteousnessrighteousness, and all these things will be

added to you.”Matthew 6:33

Resolve #3: PersistencePersistence

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