2021 Proposed Budget

Services

10:00 AM On-site and Streaming Worship Services

by: Larry Evans

01/21/2021

0

FBC Cloudcroft

Proposed Budget 2021

What a year 2020 has been!  Obviously we had to make a multitude of adjustments with COVID.  No one could have predicted what would lie in store for FBC Cloudcroft much less budget for it.  We quickly added new ways to give online and began to invest in the technology needed to livestream and do ministry online.  As many churches have experienced during the pandemic, along with a drop in attendance came a drop in giving.  

We entered the year with a budget of $202,000.00, but quickly realized that we would have to make major adjustments as giving began to fall.  At the end of March it was decided that spending should be curtailed as much as possible spending only what was necessary.   As a result, expenses for the year were reduced by over $16,000 bringing it to $185,542.77 all without reducing any current ministries and beginning several new ones.  Unfortunately, regular giving was only $172,967.46.  Thankfully, we were able to obtain the Payroll Protection Plan forgivable loan for $13,675.73 and we receoved year-end offerings of $9,000.  We ended the year $1,126.26 to the positive!

Thank you for your financial support of FBC Cloudcroft!  

As we enter a new year, God is giving us new opportunities for ministry.   I am excited about what God has in store for FBC Cloudcroft this year and am so glad that you are able to be a part of it.  This year we have restructured the budget to reflect anticipated expenses and have formatted a simplified report that we can distribute regularly so everyone knows exactly where we are financially.  Our plan is to send this financial report to you quarterly along with your contribution statment to date.  This will not only allow you to know where FBC Cloudcroft is financially, but will also allow you to check to make sure we have your contributions recorded accurately along the way.

Thank your for your continued support of FBC Cloudcroft!

You may notice the format for the 2021 Proposed Budget is somewhat simplified.  This is to make it easier to understand while restructuring it for ministry in this new season.  Of note, the Proposed Budget is $2,000 less than 2020.  We have tried to budget for ministry without adding to what was already a strained budget from last year.  As far as personnel, we tried to keep all pay the same as last year.  The one area we had to adjust is the hourly rate for janitorial care from $10/hour to $10.50 per hour to comply with the new minimum wage law. 

If you would like to see a more detailed version of the budget or have any other questions, you may contact the church office.  

The budget vote will be Sunday, January 31st just after the 10am worship service.

 

Projected Income

$200,000


Budget

$200,000




% of Budget

Administration

$7,100

4%

Advertising

$1,300

1%

Facilities

$25,048

13%

Fellowship

$2,300

1%

Ministry

$8,100

4%

Missions

$31,703

16%

Worship

$11,700

6%

Personnel

$100,245

50%

Technology

$11,009

6%

Miscellaneous

$1,495

1%




Total

$200,000

100%

 

FBC Cloudcroft

Proposed Budget 2021

What a year 2020 has been!  Obviously we had to make a multitude of adjustments with COVID.  No one could have predicted what would lie in store for FBC Cloudcroft much less budget for it.  We quickly added new ways to give online and began to invest in the technology needed to livestream and do ministry online.  As many churches have experienced during the pandemic, along with a drop in attendance came a drop in giving.  

We entered the year with a budget of $202,000.00, but quickly realized that we would have to make major adjustments as giving began to fall.  At the end of March it was decided that spending should be curtailed as much as possible spending only what was necessary.   As a result, expenses for the year were reduced by over $16,000 bringing it to $185,542.77 all without reducing any current ministries and beginning several new ones.  Unfortunately, regular giving was only $172,967.46.  Thankfully, we were able to obtain the Payroll Protection Plan forgivable loan for $13,675.73 and we receoved year-end offerings of $9,000.  We ended the year $1,126.26 to the positive!

Thank you for your financial support of FBC Cloudcroft!  

As we enter a new year, God is giving us new opportunities for ministry.   I am excited about what God has in store for FBC Cloudcroft this year and am so glad that you are able to be a part of it.  This year we have restructured the budget to reflect anticipated expenses and have formatted a simplified report that we can distribute regularly so everyone knows exactly where we are financially.  Our plan is to send this financial report to you quarterly along with your contribution statment to date.  This will not only allow you to know where FBC Cloudcroft is financially, but will also allow you to check to make sure we have your contributions recorded accurately along the way.

Thank your for your continued support of FBC Cloudcroft!

You may notice the format for the 2021 Proposed Budget is somewhat simplified.  This is to make it easier to understand while restructuring it for ministry in this new season.  Of note, the Proposed Budget is $2,000 less than 2020.  We have tried to budget for ministry without adding to what was already a strained budget from last year.  As far as personnel, we tried to keep all pay the same as last year.  The one area we had to adjust is the hourly rate for janitorial care from $10/hour to $10.50 per hour to comply with the new minimum wage law. 

If you would like to see a more detailed version of the budget or have any other questions, you may contact the church office.  

The budget vote will be Sunday, January 31st just after the 10am worship service.

 

Projected Income

$200,000


Budget

$200,000




% of Budget

Administration

$7,100

4%

Advertising

$1,300

1%

Facilities

$25,048

13%

Fellowship

$2,300

1%

Ministry

$8,100

4%

Missions

$31,703

16%

Worship

$11,700

6%

Personnel

$100,245

50%

Technology

$11,009

6%

Miscellaneous

$1,495

1%




Total

$200,000

100%

 

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