Cherokee Presbytery Finances Crisis - PowerPoint PPT Presentation

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Cherokee Presbytery Finances Crisis

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Cuts to ministry, including Campus Ministry and its staff. NCD funds ... Eliminate or cut back presbytery staffing. Eliminate or cut back mission / ministry ... – PowerPoint PPT presentation

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Title: Cherokee Presbytery Finances Crisis


1
Cherokee Presbytery Finances Crisis
  • Painting a Portrait

2
Where are we now?
  • Presbytery has current Y-T-D shortfall of 6000
  • We have only 7600 in mortgage reserves
  • There are no other reserve funds.
  • We have no money for Mission Coordinator search
    process.
  • If giving trends to the presbytery continue at
    current rate, it is estimated we will be short
    55,000 to 85,000 by year-end 2008 (includes
    money for search and 20,000 reserves).

3
How did we get here?
  • Declining membership
  • Massive Increase in capital expenditures/debt
  • Decreased contributions to presbytery
  • Years of over-spending presbytery budget
  • National / Global economic realities.
  • Resulting decreased rental income at Cherokee
    Retreat Center
  • Life Cycle of programmatic presbytery on decline

4
Decreased Membership
Only 7 of 41 churches have shown a net increase
since 1998, and 4 of those 7 were organized
during those 10 years.
5
Increased Debt
  • About ½ of all churches in Cherokee Presbytery
    currently have outstanding notes and loans.
  • Our current indebtedness has increased from 1.3
    million in 1998 to over 4.7 million in 2007 --
    an increase of 362!
  • Some churches pay almost 50 of all income to
    debt relief.

6
Decreased Giving to Presbytery
  • Validated giving to Presbytery has dropped from
    about 1,000,000 in 1999 to about 700,000 in
    2007.
  • The presbytery budget just in the last 4 years
    has been cut from over 700,000 to 500,000 in
    2008.
  • The 2009 budget is projected at 410,000, a 42
    reduction in just 5 years.

7
Whos to blame?
8
The Dilemma We Face
  • Projected shortfall of between 55-85,000
  • Presbytery bank loan will severely affect any /
    all churches with PILP (Presbyterian Investment
    Loan Program) loans.
  • No safety net / money for churches that may
    default on loans.
  • Cuts to ministry, including Campus Ministry and
    its staff
  • NCD funds may be at risk

9
Options on the Table
  • Get bank loan in short-term
  • Ask individuals to step up and help
  • Ask churches to pay full pledge, if at all able
  • Eliminate or cut back presbytery staffing
  • Eliminate or cut back mission / ministry
  • Spin off Cherokee Retreat Center and/ or
    minimize funding
  • Open to other suggestions

10
Impact of New Structure/Vision
  • Time may have come for Cherokee Presbytery to be
    reborn / start new life cycle.
  • Candidates under consideration are excited about
    new model for presbytery ministry
  • Hope and expectation is that by not being a
    programmatic presbytery, the budget will be
    considerably streamlined.

11
What Can YOU Do Now?
  • Pray for Gods will, churches, Council
  • Give as you are lead
  • Serve on new CRC Board of Directors
  • Ask who do you know who can help?
  • Suggest what ideas have we not considered?
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