GF Budget Proposal

Financial figures for 2024 are ‘as of’ November 3, 2024, unless noted ottherrwiise.. Financialfiguresfor2025areavnaleusetsim‘asteof’roNmov2e0m2b4e,r‘a3s,o2f0’2N4ovember3,2024

*The endowment began the year 2024 with $503,673.33. On January 6 we transferred the approved $35,100.00 to an reserve account within the Endowment fund. This account provided a higher interest than our interest bearing checking account. The reserve also made the funds accessible on a 24 hour request as needed. The timing of this transfer cost our Endowment fund fewer shares than times when the market was down. This momentarily dropped our Quasi Endowment to $470,076.68 but since that time, the market has been kind and we are now almost to our balance from eleven months ago before the withdrawal was made.

**The final donations and expenditures balances have over a month remaining in 2024.

Expenditures and Proposal Notes:
Contract Workers Increase: The only large change in the 2025 budget proposal is the increase in the Contract Workers line item. In the past this has been used for Music Leaders, Guest Speakers, and our Social Media Director. We are proposing an increase to include possible workers that can enhance our ministry to college students as well as any other unexpected worker needs.
P/L (Properties and Liabilities): In 2024 we did have an increase in our premium which was countered by a reduction in our properties coverage, meaning that our actual premium ended up being under expectations by $700.00. The increase for this year is due to the expectation of a premium increase this May.

Budget Spending Proposal

Line Item	23 Budget	23 Actual	24 Budget	24 Actual	25 Draft
Impact	11,236.59	12,513.23	12,436.59	10,938.83	12,436.59
Students	150.00	0	150.00	130.38	150.00
Children	150.00	0	150.00	0	150.00
P. Ed/Travel	2,000.00	2,082.00	3,000.00	2,460.83	3,000.00
P. Salary	26,000.15	25,939.32	28,500.15	24,552.25	27,500.00
P. Housing	30,800.00	30,688.00	33,300.00	29,137.25	33,300.00
P. SEA	4,690.00	4,671.50	4,690.00	4,288.46	4,690.00
Contract	9,000.00	10,614.95	9,000.00	6,409.74	20,000.00
P. Ins/Retire	19,891.00	19,001.78	21,091.00	17,434.91	21,091.00
Rent	13,200.00	12,255.75	10,800.00	9,000.00	10,800.00
Office/Propt	6,690.00	4,919.52	5,500.00	5,063.00	5,500.00
P/L Ins.	2,740.00	3,689.25	2,972.00	1,605.00	2,500.00
Marketing	3,000.00	2,981.44	3,000.00	1,505.11	3,000.00
Total	129,547.74	129,558.58	134,589.74	112,589.74	144,117.59

Budget Funding

Bylaws Amendment
4.3.7 Lay Leadership Council Makeup and Appointment

The one year minimum membership requirement on proposed new leadership candidates shall be waved for Jesus Believers who have exhibited an agreement to the core leadership principals of a positive, loyal, servant, and coaching spirit. Who, also, have lived out the basic covenant of membership, regular attendance, regular giving, support of Grace Fellowship mission, for at least two years

Budget And Bylaws Ammendment Affirmation Vote

We will vote to affirm the proposed budget, and the Bylaws Amendments following our Advent Luncheon on Sunday, December 8.