Deacon Financial Update
March 2025
Here are a few highlights:
- Total giving is 25% higher ($286k) and expenses are 17% higher ($172k) on a year-to-date basis vs prior year.
- Our cash balance is $728K in the general (operating) fund and $933K across all funds.
- Our loan balance (for the land and building) is $208K.
Looking forward there are a few things to point out:
As you are aware, CBC receives no outside support. 100% comes from the people that call CBC their church home. Thanks for your time and attention. For any questions, please email Mitch.Wohlgemuth@crossroadsbible.org.
The Deacon Board
- Thanks to some sizeable gifts in Nov & Dec we are in a favorable position vs our plan.
- Roof leaks present the biggest facility challenge. Leaks are hard to find and expensive to fix. Still exploring options to address in the best, but also cost effective manner. We do not qualify for an insurance claim.
- While the irrigation system works, when we turn it on and put some pressure in the lines, the 25+ year old pvc breaks at the weakest points. Still exploring options here as well.
- Recently replaced with LED lighting in the restrooms, kitchen and staff areas.
- Working to clear the treed area to the west side of the circle. Will be bringing in some mulch to make a nice place to picnic in the shade. Now have a massive burn pile when the Double Oak FD can come supervise.
- The mowing crews started April 1. If you are interested in volunteering one Saturday morning per month through October, please text Mitch Wohlgemuth at 972-841-1892 to join a team.
- Continue to look at responsible ways to make improvements to our facilities and worship experience.
As you are aware, CBC receives no outside support. 100% comes from the people that call CBC their church home. Thanks for your time and attention. For any questions, please email Mitch.Wohlgemuth@crossroadsbible.org.
The Deacon Board