Rounding 1 st … Heading for 2 nd 2013 State of the Church.
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Transcript of Rounding 1 st … Heading for 2 nd 2013 State of the Church.
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Rounding 1Rounding 1stst … Heading for 2 … Heading for 2ndnd
2013 State of the Church2013 State of the Church
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MovingMoving Toward Toward MaturityMaturity
Now that we own it, Now that we own it, when do we movewhen do we move??
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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%)
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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
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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
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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%)
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“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
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““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
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“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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www.mosaicchurch.net/who-we-are