Dear Noland Road Family,
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Proposed 2010-2011 Noland Road Baptist Church Ministry Budget. The Finance Committee and staff continue to be mindful of the economy and began the budgeting process with hopes of "holding the line" on budget requests in the various ministry areas. The resulting proposed budget attained that goal and reflects a small overall decrease as compared to last year. Many areas remained the same, but there are minor fluctuations in some areas, the most significant being as follows:
The Personnel Committee submitted a total personnel budget $31,685.00 less than last year (line item 58). The proposed personnel budget reflects the following staffing changes: Francis O'Donnell was called as our new Pastor, Associate Pastor Robert Ernsting will move from part-time to full-time (his part-time position will not be filled), and Beth Whorton will work eight (8) more hours per week as Women's Ministry Coordinator. Other salaries will be increased 4%. The Finance Committee supports the Personnel Committee recommendations.
Although the Finance Committee would like to include our entire mortgage payment in the budget ($108,000.00 per year), we recognize that is not feasible at this time. However, the Finance Committee does recommend that we increase the budget allocation for debt retirement (line item 5714) from $48,000.00 to $58,000.00. Without including the entire mortgage payment in the budget, we must continue to rely on designated giving above tithes for debt retirement. During the budget year now ending, designated gifts have covered the mortgage payment and the budget contributions were applied almost entirely towards principal, accelerating the amortization of our debt. By including additional funds in the budget for debt retirement, we hope to hasten the day when Noland Road Baptist Church will be debt free.
Two of our educational ministries have requested a budget increase: Special Connections (line item 5234) and preschool (line item 541). The Finance Committee supports both of these budget increase requests for these very important programs.
The Finance Committee believes there is a renewed sense of excitement at Noland Road Baptist Church as we work to "Transform Lives Through Christ." Accordingly, we pray that recommending a budget that is lower than last year will not damper that excitement. Staff has assured the Finance Committee that the proposed budget will adequately support the ministry programs and we prayerfully encourage your continued, faithful tithing.
After prayerful consideration, the Finance Committee recommends the proposed budget and believes God will provide for it. The proposed budget will be discussed at a special called business meeting on March 17, 2010, at 6:30 p.m. Please note that regular Wednesday Adult & AWANA programming will be on "spring break" that evening and, as a result, we will be able to devote as much time as required to answer any questions that you may have. The special called business meeting will be left open so that the budget can be voted on (without discussion) during the three regular morning worship services on Sunday, March 21, 2010.
Sincerely
Joseph S. Gall, Finance Committee Chairman
836-5050 (work) 373-8385 (home) 935-3027 (cell)
Clay Reeder
Clay Reeder, Financial Administrator
478-3601 (home) 804-4817 (cell)
