FINANCIAL UPDATEPEACHTREE ROAD UNITED METHODIST CHURCH | JUNE 2017

5 GOALS FOR THE FUTURE

• As stewards of the church’s resources, we want to create a church budget that is both strategic in fulfilling our mission of “making disciples of Jesus Christ for the transformation of the world” and sustainable

• We want to be transparent in communicating the causes we support and the partnerships in the community that we value

• We want to encourage a broader understanding of and support for the church budget, so all ministries of Peachtree Road may flourish

• We want to clearly communicate the impact of our church through the ministries of worship, congregational care and development, outreach, and witness in the community

• We want to address possible donor fatigue among our members by reducing the number of special offerings throughout the year

FROM BILL BRITTSENIOR MINISTER

I am indebted to a number of persons on our staff and Finance Committee for their good work in pulling together this update on the finances of Peachtree Road. I hope you will find the information helpful as well as a source of pride as you catch a glimpse of all the wonderful ways our church is impacting our community and the world for Christ.

We live in a world that is fast-changing, and one of the challenges for the church in our time is to develop ministries that are both strategic and sustainable. I am grateful for the outstanding leadership of our church (lay and staff) who have envisioned a new day at Peachtree Road. Our Finance Committee has outlined five important goals to guide their work for the future (see below).

With these goals in mind, our Finance Committee has identified a way forward for 2017 that funds our budget (outreach as well as program ministries) through the pledges of our congregation, fewer special offerings, and special gifts. In addition, we have identified a road map toward becoming debt-free by the end of 2018.

Going forward, you will learn about a new campaign in the fall entitled “All the Good, All the Ways.” It is envisioned as a comprehensive stewardship campaign that will fully fund and develop our ministry goals for the coming year and beyond. It will not so much be a financial campaign as it will be a year-round emphasis on what it means to be a Christian steward. We look forward to sharing details about that campaign in the near future. In the meantime, please read the material in the enclosed pages and prayerfully consider your role in the ministry of Peachtree Road in the days to come.

Grace and peace, Bill Britt, Senior Minister

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Dear Friends,

As the church staff and lay persons work on a sustainable strategy for the life of our church, new ideas present themselves each day. In this time of growth and change, we have the opportunity to step back and review our actions while looking ahead to a new purpose.

To keep everyone abreast of where we are, we offer a brief fiscal summary below. More information will be provided in the days ahead, but should you have any questions or concerns, please contact us at churchbudget@prumc.org. Thank you.

FROM RAYMOND REYNOLDSCHIEF OPERATIONS OFFICER

The church has been operating at an average annual deficit of $179,000 over the past 9 years. Each year the deficits were covered by various surplus funds so the amounts did not accrue. During those years, the reasons and methods of giving changed significantly. Designated giving has grown exponentially. As a result, the number of “asks” during Sunday services has sharply increased. As singular initiatives grew stronger, our strategy for overall church growth and giving weakened.To keep worship reverent, and to keep giving opportunities accessible yet balanced, a new concept for funding our programs, operations and outreach has been conceived.

HOW WE ARRIVED BUDGETING | GIVING TRENDS

WHERE WE ARE NOW THE CHURCH BUDGET

At the March 20, 2017 Administrative Board meeting, the decision to create a separate budget for the Outreach and Mission ministries of our church was approved for the term of one year.This motion was presented by the church Finance Committee after considering several different options to achieve a balanced church budget for this year.By separating the Outreach and Missions goals from the church budget, those programs became eligible to receive grants and other matching gifts, and the remaining budget items were funded for 2017.

AN OPPORTUNITY DEBT REDUCTION

As of May 2017, the church has approximately $7 million in debt. A $2 million matching gift challenge to relieve church debt was issued in the fall of 2016. During the first quarter of 2017, a number of contributions have come in and we are well on our way to meeting this challenge by the end date of December 31, 2017. We have a great opportunity to retire the debt in 2018. If the 2017 challenge is a success, the initiating donor has offered to repeat the challenge in the upcoming year.

WHERE WE ARE GOING ALL THE GOOD, ALL THE WAYS

This fall we will introduce a thoughtful approach to funding our ministries as we launch All the Good, All the Ways - a stewardship movement that will follow the seasons of our church. In November, we will conduct a comprehensive campaign to support all ministries and operations of our church. Our fall campaign will culminate on Harvest Sunday, November 19 and provide an early estimate for our 2018 budget. To supplement the annual campaign we will offer additional contribution opportunities during worship on no more than 8 Sundays. These supplemental campaigns will take the place of the many individual asks and will create excitement around the missions of the church. Quarterly updates will show what we have accomplished in ministry, and what we can look forward to in the days ahead.

ALL THE GOOD, ALL THE WAYSANNUAL CHURCH BUDGET CAMPAIGN

NOVEMBER 5 - 19, 2017

While we are excited to embark on an improved approach to ministry, programming and giving, we want to begin this journey thoughtfully and well-prepared. We will use the remaining months of 2017 to reach our current Outreach goals through special designated offerings and special fundraising events like a new golf tournament and the annual Missions Market.

In assessing the special offerings (outreach, music & flowers) that occur during worship, the determination was made to significantly reduce the requests. We have reduced the “asks” in worship from 36 (in 2016) to 8 (in 2017).

2017 TRANSITION YEAR

UPCOMING OPPORTUNITIES toSUPPORT OUTREACH & MISSIONS

We have many ways to support Local Outreach and Global Missions. If we contribute the same amounts we have traditionally given toward the following opportunities, the Outreach budget will be fully funded in 2017.

Jun 25 Local Outreach Offering

July 22 UMW Taste of Summer Event

Sep-Dec Dogwood Shop Open Event

Oct 9 Golf Tournament for Westside Event

Oct 29 Turkey Drive Offering

Nov 12 Missions Market Event

Dec 2-6 Christmas Kindness Event

Dec 3 Christmas Kindness Offering

Dec 24 Water Filters for Kenya Offering

OUTREACH GOAL!

$500,000

$875,000

$750,000

$625,000

$375,000

$250,000

$125,000

$442,402 as of May

$1,053,833by December

In November, we will launch All the Good, All the Ways as a comprehensive effort to fund the PRUMC church budget for 2018. Throughout 2018, we will have concentrated opportunities to further supplement the ministries and work of Peachtree Road. 33

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2017 BUDGET$6,870,000

MINISTRIES

WELCOMEEvangelism $27,434Communications $96,550

WORSHIPTraditional Worship $12,396Adult Music $150,333Youth + Children’s Music $46,830Worship Bulletins $69,000Audio/Visual $131,550New Traditions $63,300

CONNECTChildren & Families $72,200Nursery $70,310Youth $70,206Young Adult $9,661Adult $18,943Men $8,000Food Services $12,132

CAREPrayer $5,200Pastoral Care $2,500

SERVECreation Care $1,000Every Member in Ministry $12,000

LEARNAdult Education $20,130

$899,675

OPERATIONS + ADMINISTRATION

STAFF PARISH

Staff Salaries $2,411,264Clergy Salaries $467,249Employee Taxes & Benefits $905,890

ADMINISTRATIONIT service, computers, audit, etc. $485,778

PROPERTY MANAGEMENTNot including Harp Center $1,205,329

APPORTIONMENTS2.6% General / 5.8% NGC $494,815

$3,784,403

$2,185,922

EMPLOYEES 30 Full time, 8 Part time Staff4 Full time, 3 Part time Clergy

PROPERTY377,000 square feet open 356 days per year. Buildings, contents and property valued at $90 million. Utilities run $572,000 annually.

HARP CENTER2017 costs will come from the Imagine campaign. 2018 costs will come from the church budget and are projected to be between $150,000 - $200,000.

NEW TRADITIONSContemporary worship will pause during the summer and return with changes in the fall of 2017.

PRESCHOOL, SPORTS & RECREATIONThe Preschool and Sports, Recreation & Life Enrichment are self-funded and operated. They each make contributions toward the church operating budget.

If you have questions about your 2017 pledge, or the 2017 budget, please contact us by emailing churchbudget@prumc.org.

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For 2017, the Outreach and Missions budgets were separated from the church budget for the term of one year with the goal of $1,053,833. As of May 2017, grants and gifts in the amount of $442,402 have been applied, and the amount remaining to reach our total goal is $611,431.

In 2016, 6% of the overall church budget was allocated to Outreach. The majority of Outreach funding was, and is, raised through special offerings, events and initiatives. See page 3 for 2017 details.

2017 OUTREACH$1,053,833

GLOBAL MISSIONS

Compassion Giving Christmas Eve Water Filters* $250,000Sponsor-a-Child $95,000

Mission Operations Annual Mission Trips to Georgia, Kenya, Nicaragua Projects $30,000 In Country Costs $65,000 Domestic Costs $5,000 Support $25,000

In Country Partner Support Georgia Personnel $13,000 Kenya Personnel $23,000 Admin/Comm/Other $11,000

$517,000

LOCAL OUTREACH

Multi-Beneficiary Programs Christmas Kindness* $140,000 Great Day of Service $40,000

Aging Adults Hopeworks $6,000Wesley Woods Capital Campaign $13,333Wesley Woods Mother’s Day* $25,000

Children Feed My Lambs $12,000Genesis Shelter $5,000Hollis School / Westside Story $30,000Murphy-Harpst* $25,000Police Athletic League $6,000Be a Champ Camp Scholarship $15,000

HIV / AIDSJerusalem House $7,000

Homeless & Working PoorAtlanta Mission $5,000City of Refuge $8,000Habitat for Humanity* $58,000PRUMC Homeless Ministry $35,000

HungerAction Ministries $24,500(Feed the Hungry, Women’s Kitchen, Transitional Housing)Agape $6,000BCM $28,000Turkey Drive* $10,000

RecoveryTrinity Community Ministries $18,000

WomenBeLoved $4,000Women’s Resource Center $5,000

Young MenMountain Top Boys Home $10,000

OtherGa Tech Wesley Foundation $1,000

* Indicates special offering. See page 3 for details.

$536,833

2016 GLOBAL MISSIONS75% of Global Missions funding was raised through special offerings, events and initiatives. 25% was provided within the church budget.

25%fromchurch budget

75%from specialofferings, events& initiatives

2016 LOCAL OUTREACH56% of Local Outreach funding was raised through special offerings, events and initiatives. 44% was provided within the church budget.

56%from specialofferings, events& initiatives

44%fromchurchbudget

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3180 peachtree rd, ne | atlanta, ga 30305

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FINANCIAL UPDATE

This update is designed to provide an overview of the 2017 church budget of Peachtree Road United Methodist Church. While this offers considerable information, it does not cover all aspects of church finance.

If you have questions, would like more information, or would like to provide feedback, please contact churchbudget@prumc.org and a staff member will respond within 48 business hours. Your thoughts and ideas make things happen—please continue to share them!

Thank you for sharing your faith in Christ, hope for the future, and love for others through the ministry of Peachtree Road!

PresortedFirst Class

U S PostageP A I D

Atlanta, GAPermit No 503