Financial Information
After much discussion, prayer, and outside counsel, the elders have
established a 60/20/20 benchmark for breaking ground.
Each number represents a percentage of the total cost of this project.
The first number, 60, is the percent of the total cost
we must have in cash—money in the bank. The second
number, 20, represents the additional percentage we need
to have in pledges. The third number, 20, represents
the maximum amount the elders are willing to borrow, if
necessary. God willing this final 20% will be received
during the process of building the gym, eliminating any
need to borrow. All are encouraged to pray toward this
end.
|
|
| Building |
$1,500,000 |
|
On-Site Needs |
$300,000 |
| |
Parking Lot |
|
| |
Enhance Entrance |
|
| Off-Site Needs |
$200,000 |
| |
Special Missions Projects* |
|
| |
1. Refurbish Grace Church
of Artashat, Armenia |
($2,500) |
| |
2. Support Pastor's Conference
in Armenia |
($1,500) |
| Total |
$2,000,000** |
*Numbers in parenthesis indicate a break down of the
line items within each main category.
**This is a rounded total with generous estimates for
each facet of the project. The intent is to ensure
that the total cost will not
increase during the life of the project.
|
