Chairman, Finance Committee
February 2020
We had a good year in 2019. We reached our budgeted giving goals and spent less than we had budgeted, resulting in a small surplus. Giving was up 9.4% over the previous calendar year. Thank God for your support of our church and our efforts to reach souls locally and globally for Christ. I also thank the Pastor and staff for their restraint in spending. Below is a brief summary of Income and Expenses for the last year.
| General Fund Income | 2019 | % of Budgeted Amount |
| Giving | 505,351.32 | 100.1% |
| Other income | 92,267.09 | 105.6% |
| Total Income | $597,618.41 | 100.9% |
| General Fund Expenses | ||
| Payroll Expenses | $340,024.66 | 99.9% |
| Additional Personnel Expenses | $ 76,122.59 | 88.6% |
| Board Expenses | $ 2,526.91 | 84.2% |
| Connections | $ 3,303.91 | 98.6% |
| Outreach | $ 8,852.49 | 82.7% |
| Worship | $ 7,219.53 | 81.1% |
| Property | $ 27,593.13 | 78.6% |
| Discipleship | $ 2,815.05 | 35.2% |
| Finance | $ 25,215.42 | 105.8% |
| Office | $ 4,684.29 | 139.8% |
| Operations | $ 35,378.85 | 99.7% |
| Missions Contributions | $ 36,794.62 | 106.5% |
| Total General Fund Expenses | $570,531.45 | 96.3% |
Since we’re a non-profit, the surplus will largely be rolled into the Building Maintenance/ Campus Improvement funds. As we did last year, we took from that budget area to balance the budget for 2020.
Our Mission Giving is summarized below. In 2019, we gave approximately 7% of General Fund giving to Missions. In 2020, we raised that to 8%. As you can see below, most missions came in under their goals, except where missions received designated gifts because some of you were touched by the needs of a specific mission.
| Missions We Support | 2019 | % of Goal |
| New Church Plant Fund | $3,311.51 | 75% |
| NAGA (Hope Home) | $12,759.81 | 323% |
| Korean Church, Pastor Paul & Susi | $2,575.62 | 75% |
| CityTeam Women Ministry (San Jose) | $2,357.67 | 80% |
| Redwood Glen Camp | $2,722.67 | 92% |
| Mission Discretionary Funds | $1,839.73 | 75% |
| Rainbow Acres | $1,939.73 | 79% |
| National Ministries (ABHMS) | $2,575.62 | 75% |
| GHS Regional | $2,575.62 | 75% |
| Mark & Alise Juanes | $2,860.67 | 97% |
| Lauran Bethell | $2,482.67 | 84% |
| Mylinda Baits | $2,407.67 | 81% |
| Kyle & Katrina Williams (Congo) | $2,282.67 | 77% |
| Melanie Baggao | $2,657.67 | 90% |
| ABSW Operating Budget | $1,839.73 | 75% |
| International Ministries | $1,854.73 | 75% |
| Special Offerings | ||
| America For Christ | $1,462.00 | 66% |
| One Great Hour of Sharing | $2,521.00 | 84% |
| World Mission Offering | $80.00 | 2% |
| Retired Ministers & Missionaries | $1,145.00 | 115% |
| Total Mission Giving | $54,251.75 | 92% |
We missed the World Mission Offering goal last year. But in the “Missions We Support” section, we achieved 99.4% of our giving goal, partially through designated giving to individual missions. The average of the missions with less than 90% support was 77% of the goal. Raising our level of General Fund mission support to 8% should help mitigate that.
Again, thank you for your generosity and unfailing support of the church in its mission – to be a source of real love for real people, flowing through us from our real God.
Jim Garvey
Chairman, Finance Committee