To steward God's gifts, fulfill financial commitments, and plan for what God has next!
In 2021, our church's finance goals were to save at least $45,000 to offset our typical operating expenses for a duration of time and then to focus on paying off our debt.
Historically, the church has begun the year with minimal funds. However, last year we were able to pursue an SBA forgivable loan of $25,700. This has helped us meet our financial goals and allowed us to focus on our debt. In February 2022, after one week of raising funds, we were able to eliminate the remainder of debt the church still had without spending any of our operating funds!
Currently, the church is debt free!
Our checking account has a balance of $101,462.78. We have $56,421.83 in designated accounts and $45,040.95 in operating funds! The designated funds are funds that are given to specific areas of the church's ministry and therefore cannot be spent on any other expense outside the designated ministry that it was given for. Here is the current list of designated funds:
Historically, the church has begun the year with minimal funds. However, last year we were able to pursue an SBA forgivable loan of $25,700. This has helped us meet our financial goals and allowed us to focus on our debt. In February 2022, after one week of raising funds, we were able to eliminate the remainder of debt the church still had without spending any of our operating funds!
Currently, the church is debt free!
Our checking account has a balance of $101,462.78. We have $56,421.83 in designated accounts and $45,040.95 in operating funds! The designated funds are funds that are given to specific areas of the church's ministry and therefore cannot be spent on any other expense outside the designated ministry that it was given for. Here is the current list of designated funds:
CHOIR |
$1,724.63 |
HAND BELL CHOIR |
$298.46 |
MISSIONS/SOCIAL CONCERNS |
$3,239.12 |
MEMORIALS |
$0.00 |
FACILITY RENT |
$100.00 |
CHILDREN |
$3,151.09 |
YOUTH |
$5,820.06 |
VBS |
$148.48 |
FOOD PANTRY |
$1,240.55 |
MISC. IN/OUT |
$4,308.72 |
FLOWERS |
$835.78 |
NURSERY |
$2,666.80 |
HOSPITAL BAGS |
$405.48 |
EVANGELISM |
$652.29 |
FISH FRY |
$3,000.00 |
GANDY BACKPACKS |
$5,252.41 |
CALEB'S CLIMB |
$23,577.96 |
We have one investment with the Methodist Foundation of Arkansas. The Cameron Scholarship fund was invested in 1997. The book balance is currently $15,554.79 and the market value is $32,864.66. It is held in trust by our church's Trustees. This last year we withdrew $950 and awarded it to Adam Taylor who is attending Southern Arkansas University.
We're asking every household in our church to pray, budget, and consider what to give as a onetime gift to replenish our Endowment Fund. This fund can be used for anything the church may need in the future and works as a savings account for the church. Recently the Endowment has been earning approximately 11% in quarterly returns. Since we used the funds that were originally invested in the Endowment to pay off our loan, we have strategized a plan to begin making monthly payments back into the fund and as soon as possible replenish this fund to where we were projected to be year to date. This will require us to bring in approximately $21.500.
We also want to encourage every household to enroll in automatic recurring giving online!
This has been a blessing to the financial wellbeing of the church! Prior to 2021 the all time total in online donations was $100,000. However, since the start of 2021 online giving has brought in over $98,000.00!
We're asking every household in our church to pray, budget, and consider what to give as a onetime gift to replenish our Endowment Fund. This fund can be used for anything the church may need in the future and works as a savings account for the church. Recently the Endowment has been earning approximately 11% in quarterly returns. Since we used the funds that were originally invested in the Endowment to pay off our loan, we have strategized a plan to begin making monthly payments back into the fund and as soon as possible replenish this fund to where we were projected to be year to date. This will require us to bring in approximately $21.500.
We also want to encourage every household to enroll in automatic recurring giving online!
This has been a blessing to the financial wellbeing of the church! Prior to 2021 the all time total in online donations was $100,000. However, since the start of 2021 online giving has brought in over $98,000.00!