Hey New Lifer’s,
We need to share an important financial update:
We had to “break the glass” - For the very first time, we’ve had to tap into our church’s “back up” reserves. These reserves are the equivalent of our “In Case of Emergency: Break Glass” savings. This is obviously not good!
A quick review - If you’ve been following our financial updates, you know that we have been facing an ongoing monthly shortfall in giving. Previously we were able to cover these shortages by a combination of budget cuts and tapping existing funds. But at this point there are few cuts to make, and we do not have the cash to cover the ongoing shortfalls.
Two Options - Right now, we are falling short by an average of $500 dollars per week. That means we need to do one of two things, 1) Increase our giving $500 a week, or 2) Make further cuts in ministry. But at this point, further cuts would result in dramatic staff cuts and/or a change of facility. Neither of those is good.
Our Hope - Our hope is to see the giving go up. $500 is a significant amount, but it’s a shortfall we can overcome. To put things in perspective, for a church of 100, $500 a week averages out to $5 per person. This seems like a hurdle we can overcome.
In Closing - If we can get enough people thinking and praying about this, we can see a turn around. Thanks for taking time to read this update, and please pray for our financial situation.
Video Update - For more information, check out this 4-minute financial update by Mike Hannah.
We need to share an important financial update:
We had to “break the glass” - For the very first time, we’ve had to tap into our church’s “back up” reserves. These reserves are the equivalent of our “In Case of Emergency: Break Glass” savings. This is obviously not good!
A quick review - If you’ve been following our financial updates, you know that we have been facing an ongoing monthly shortfall in giving. Previously we were able to cover these shortages by a combination of budget cuts and tapping existing funds. But at this point there are few cuts to make, and we do not have the cash to cover the ongoing shortfalls.
Two Options - Right now, we are falling short by an average of $500 dollars per week. That means we need to do one of two things, 1) Increase our giving $500 a week, or 2) Make further cuts in ministry. But at this point, further cuts would result in dramatic staff cuts and/or a change of facility. Neither of those is good.
Our Hope - Our hope is to see the giving go up. $500 is a significant amount, but it’s a shortfall we can overcome. To put things in perspective, for a church of 100, $500 a week averages out to $5 per person. This seems like a hurdle we can overcome.
In Closing - If we can get enough people thinking and praying about this, we can see a turn around. Thanks for taking time to read this update, and please pray for our financial situation.
Video Update - For more information, check out this 4-minute financial update by Mike Hannah.
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