2015 Congregational Mid-Year Meeting Welcome!. Agenda Call to OrderChair Steve Figgins Opening...

2015 Congregational Mid-Year Meeting

Welcome!

Agenda

Call to Order Chair Steve Figgins

Opening Prayer Pastor Mark Krieger

Approval of Agenda Chair Steve Figgins

Approval of Annual Meeting Minutes - December 8, 2014

New Members Vote Pastor Mark Krieger

Financial Update Treasurer Brenda Kiely

Facilities Master Plan Update Elder Doug Smith

Closing Prayer, Adjournment Chair Steve Figgins

New Members

George JaasmaMarge Jaasma

Nadine MathewsJoe Muratore

Sandra MuratoreMary NavarreteRobert SantiagoRosa SantiagoJordan Seaman

Carol SwopeJess Swope

2015 Mid-Year Financial SummaryMCC General Fund Giving Trends and 2015 Position

2012 2013 2014 2015$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$978,000 $996,000 $996,000 $986,000$948,000 $970,000$920,000

$412,000

$954,000$872,000 $864,000

$346,000

Annual Budget Actual Giving Actual Expenses

YTD YTD

YTD YTD

Momentum Project Update Mid-Year Congregational Meeting

June 7, 2015

Momentum Project Update

Master Plan Committee:

Rita Hearne Scott Worthington Darrell Champion Gary Blom Van Switzer Pastor Mark Krieger

Doug Smith Ed Martin Steve Figgins Tom Cosentino Kris Helton


Master Plan Background / Timeline:

2010 – Master Plan Development Committee FindingsNeed more teaching space – classrooms & sanctuaryNeed more functional gathering spacesNeed better lighting, stage, & backstage storageNeed to preserve the grassy quad areaDesire for a prayer room / bride roomHire a professional firm to create the Master Plan Design



Spring 2012 – Building God’s Way creates Master Plan Fall 2012 – Master Plan discussions in Connections Dec 2012 – Congregational vote to move forward Dec 2012 – Master Plan Committee Formed

Incorporate Feedback into the Master Plan Assemble Preliminary Cost Estimates Investigate Financing & Fundraising Options Develop an Implementation Strategy

Dec 2013 – Congregation votes 89% to proceed with the full 2- Phased Master Plan as designed



Aug 2014 – City of Modesto Board of Zoning grants approval for our Master Plan concept

Nov 2014 – Momentum Banquet held at Big Valley Church with 3 year pledges totaling $1.4MM

Feb 2015 – Phase 1A plan created to aligned with our Momentum pledges and our ability to finance

Feb 2015 – Campus Walk conducted with a group of MCC folks to create a list of R&M items for the campus

May 2015 – Engage local design-build contractors to determine our partner for the Phase 1A project

Building D(Remodel BR’s, Paint, Carpet, Mold, Etc.)

Building C(Remodel BR’s, HVAC, Repairs,

Etc)

Phase 22-Story Youth Bldg

Phase 2Building D

Rotate & Remodel Sanctuary

2- Story Classroom

Building

Phase 1A Phase 2 No Change

FrontParking

LotUpgrades3rd Space

Phase 1B


Frequently Asked Questions Why include the Sanctuary and 3rd Space in Phase 1A rather than

buildings B or C? How much will the Phase 1A project cost? How will we pay for it? Will our remodeled Sanctuary retain a true “Sanctuary” feel? What about the repair needs of our other buildings? When could we see construction getting started? Where will we hold services during the Sanctuary remodel? Will the new 3rd space women’s bathroom really be bigger than

the men’s bathroom? YES !! (35% bigger – 8 vs 6)


Financial Update – Scott Worthington


National Covenant Properties:Consult, guide and finance church building projects.Master Plan Committee has on-going discussions with

Rollie Persson, Vice President, RE Services - National Covenant Properties.

NCP has evaluation models that look at attendance trends, giving trends, mission’s giving and trended financial statements.MCC has restructured financial accounting and reporting

to comply with GAAP for Non-Profits.


National Covenant Properties: “Rule of Thumb” guidance from NCP.

Like to see pledges of 1.5x annual budget.For MCC this equals $1.3MM x 1.5 = $1.95MM; our

pledges totaled $1.4MMLike to see 20% of project cost in the bank as cash.Multi Phase projects should start with the biggest

impact on attendance which will aid in reaching the most people for Christ

Building God’s Way Dan Cook’s presentation on church construction and attendance trends: Millenial’s impact


Phase 1A Preliminary Cost Estimate and Giving-to-Date: $2.5MM Cost Estimate 20% of $2.5MM = $.500MM NCP Rule of Thumb Momentum Master Plan giving as of 5/27/15 = $.526MM

NCP considers us in “good shape” and has initiated the loan application process.

Based on our pledges, attendance and giving patterns NCP said we could afford a project of $2.5 - $3.0MM. We are targeting the lower end of that range.

4.5% Adjustable, no index, NCP Board decision, adjustment history under review

Master Plan Committee is also evaluating local lending options. We will secure the lowest rates possible and work to pay off the loan as fast as possible.


Future loan payments will be part of MCC Annual General Fund Budget

Size of which will depend on total down payment and borrowed amount.

Faithful and continued giving will enable the largest down payment possible.

Also, once construction begins we will need to add the debt service to our annual budget.

Giving will need to come in two forms.Complete the $1.4MM pledge totals. Increase on-going giving to service the loan.


Master Plan Development Update – Van Switzer


Master Plan Development Sub-Committee:

Darrell Champion Tom Cosentino Kris Helton Doug Smith Van Switzer


Project Delivery Method – Design/Build Request for Statement of Qualifications

Pre-Proposal Conf./Job Walk: May 29, 2015 Responses Due: June 12, 2015 Interviews: June 18, 22,23, 2015 Selection/Contract: July 21, 2015


Contractors Invited to Submit Proposals Huff Construction Company, Modesto Simile Construction Company, Modesto Dellabarca Design and Build, Manteca ** Woodland Construction Company, Salida

What About Building God’s Way (BGW)?


Contract Approach – 3 Phases Preliminary Design Approved Design Plan – Final Design Docs.

Cost Plus Fixed Fee/Guaranteed Maximum Price Construction

Time Table Start Preliminary Design – Aug/Sept Start Construction – Mid 2016?


Project Budget: $2.5 Million

$2,000,000 – Phase 1A Construction : Construction, Contingency, Design-Build Fees, General Conditions

$375,000 – Other Project Costs: Special Inspections, Materials Testing, Furnishings,

Sound/Media/Acoustics/Lighting, Building Permit/Plan Check Fees, Utility Connection Fees, Owner Contingency for Unforeseen Items

$125,000 – Upgrades to Existing Facilities


Comments from Pastor Mark

Thank You!!

Questions?

2015 Congregational Mid-Year Meeting Welcome!. Agenda Call to OrderChair Steve Figgins Opening...

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