Foursquare ChurchMember’s Meeting

AGENDA• Prayer and opening remarks

• Introduce current church council members and new

nominees

• Ratification vote for new council members

• Review Treasurer’s report followed by Q&A session

• Review other new business

• Announce the results of ratification vote for new council

members

• A word from our pastor

• Prayer and adjourn meeting

CURRENT COUNCIL MEMBERS• Bugs Bunny – President of Warner

Bros and ministry team leader for volunteer church administration

• Daffy Duck – Treasurer & board member for The Pond Homeowner’s Assn.

• Porky Pig – Founder and CEO of the Triconosis Foundation

NEW CHURCH COUNCIL NOMINEES

• Elmer Fudd – Comptroller for the NRA and VBS leader in kid’s ministry

• Scrooge Mc Duck – Chief Financial Officer of Disney Credit Union and member of the greeting team

TREASURER’S REPORT

--Fiscal Year 20XX

TREASURER’S REPORT

TREASURER’S REPORT OVERVIEW

•Annual Operating Plan (Summary)

•Summarized Statement of Income and Expenses

•Year-to-Date Budget vs. Actual Activity

•Campus Development Project Expense Summary

•Disposition of Funds Report

•Annual Income and Expense Trend Analysis

•Q&A Session

2005 ANNUAL OPERATING PLAN

Estimated based on prior years

growth statistics

In compliance with Foursquare

Bylaws

Normal monthly spending on

recurring ministry specific needs

Budgeted Operating Income & Expenses - (General) %

Tithes & Offerings 50,000$ 100%

OverheadExtension Tithe 5,000 10%Personnel Expenses 15,000 30%General & Administrative 2,500 5%

Total Overhead Expenses 22,500 45%

Holidays and Events 2,000 4%

Special Projects 4,000 8%

Departmental operating expenses 10,000 20%

Unbudgeted Items 2,000 4%

Total Operating Expenses 40,500 81%

Net increase in assets 9,500$ 19%

Allocate to General Reserve 5,000$ 10%Allocate to Building Fund Reserve 4,500$ 9%

Actual Operating Income & Expenses

Tithes & Offerings 75,000$

OverheadExtension Tithe 7,500 Personnel Expenses 15,000 General & Administrative 6,000

Total Overhead Expenses 28,500

Holidays and Events 15,000

Special Projects 3,000

Departmental operating expenses 13,500

Unbudgeted Items 3,500

Total Operating Expenses 63,500

Net increase in assets 11,500$

Y-T-D Statement of Income & Expenses

YTD OPERATIONS ANALYSIS

Budget vs. Actual Comparison

BUDGET ACTUAL VARIANCE

Tithes & Offerings 50,000$ 75,000$ 25,000$ 50 %Overhead

Extension Tithe 5,000 7,500 2,500 50 %Personnel Expenses 15,000 15,000 - 0 %General & Administrative 2,500 6,000 3,500 140 %

Total Overhead Expenses 22,500 28,500 6,000 27 %

Holidays and Events 2,000 15,000 13,000 650 %

Special Projects 4,000 3,000 (1,000) (25) %

Departmental operating expenses 10,000 13,500 3,500 35 %

Unbudgeted Items 2,000 3,500 1,500 75 %

Total Operating Expenses 40,500 63,500 23,000 57 %

Net increase in assets 9,500$ 11,500$ 2,000$ 21 %

Allocated to General Reserve 5,000$ 6,000$ 1,000$

Allocated to Building Fund Reserve 4,500$ 4,500$ -$

%

TREASURER’S REPORT

CAMPUS PROJECT EXPENSE SUMMARY

Budget Actual Variance% of Budget

Used

% Complete

Phase 2: Office Architectural 9,800$ 10,700$ (900)$ 109% 100%

Phase 3: Kids Wing Upgrades 2,600 2,600 - 100% 100%

Phase 4: Office Construction 316,900 322,800 (5,900) 102% 99%

247,100 255,100 (8,000) 103% 100%

Phase 6: Treasure Island - ConstructionConstruction 400,800 113,600 287,200 28% 33%Exterior Modification 28,000 900 27,100 3% 3%Base Interior Décor 33,000 2,600 30,400 8% 8%A/V systems & lighting 51,000 - 51,000 0% 0%Misc & Contingency 23,300 4,200 19,100 18% n/aTotal 536,100 121,300 414,800 23% 25%

90,000 500 89,500 1% 1%

GRAND TOTAL EXPENSES 1,202,500$ 713,000$ 489,500$ 59% 61%

Project Phase

Phase 5: Temp Youth Center & Campus Master Planning

Phase 7: Childrens Center - Interiors & Furnishings

TREASURER’S REPORT

DISPOSITION OF FUNDS REPORT

Beginning Balance Inflows Outflows

EndingBalance

1/1/2005 9/30/2005

Benevolence Fund $ 0 1,100 700 400$

Building Fund (4,100) 437,300 400,200 33,000

Flow Through Fund 0 75,600 69,100 6,500

Missions Fund 9,000 96,300 93,000 12,300

Miscellaneous Funds 2,600 2,600 2,600 2,600

General Fund 46,400 55,000 45,000 43,500

General Reserve 0 52,300 0 52,300

Building Reserve 0 89,500 0 89,500

Total Fund Balances 53,900$ 240,100$

Fund Balances

TREASURER’S REPORT

Tithes &

Offerings

(in thousands)

ANNUAL INCOME TREND ANALYSIS

$76

$114

$154

$210

'06 '07 '08 '09

TREASURER’S REPORT

$33

$82

$285

$433

'06 '07 '08 '09

Building Fund

(in thousands)

ANNUAL INCOME TREND ANALYSIS TREASURER’S REPORT

Missions Fund

(in thousands)

ANNUAL INCOME TREND ANALYSIS

$35 $33

$96

$49

'06 '07 '08 '09

TREASURER’S REPORT

Overhead

(in thousands)

Variable Expenses

(in thousands)

Bldg. Renovations

(in thousands)

ANNUAL EXPENSE TREND ANALYSIS

$56

$87

$115

$161

'06 '07 '08 '09

$16 $17

$33$36

'06 '07 '08 '09

$24

$90

$172

$384

'06 '07 '08 '09

TREASURER’S REPORT

QUESTION & ANSWERSESSION