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y Thanks to John Maakestad
10/28/2010
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TO DO
THE WORK OF
THE CHURCH
UNBINDUS
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So they tookaway the stone, and
Jesus looked upward and said, God,I thankyou for having heard me...
When Jesus had said this, he criedwith a loud voice,
Lazarus, come out!The dead man came out, his handsand feet bound with strips of cloth,
and his face wrapped in a cloth.
Jesus said to them,
Unbind him, and let him go.
John 11: 41-44
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St. Johns Today
y We are bound up in debt
y Programs are suffering
y Outreach is suffering
y Too much time is being spent on budgetmatters
y
Mission of the Church
is on hold
y Benevolence is restricted
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St. Johns Tomorrow
y Stronger
y More mission driven
y Focusedon programs andoutreach
y Meeting budget
y Benevolence could return to pre-debt levels
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How do we make this happen?
Reduce our debtWith a
$800,000debt reduction
24-month Appeal
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Current Situation
y The 2010 Budget needs to meet a $46,000challenge to balance
y We will need a 5% increase in member donationsfor the next year
y This is the annual budget that includes mortgagepayments of:
$85,092 and$78,240
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We Can Change the Mortgage!
With your help this
can be done nextyear!
We canUNBIND St Johns and
get on with the missionof the church.
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HOW?
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Reduce the Debt
By
$800,000With a
24-Month Appeal
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Goal 1
Before July 2011, decrease the principal by
$400,000Before July 2012, decrease principal another
$200,000With gifts to the debt reduction campaign
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Goal 2
Pay off the balance of the mortgage by
December 2012And apply any remaining funds to
second mortgage
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We Could Do Nothing!!!!
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y The mortgage will be retired in 2026
y In the long run -- 16 Years -- Are we fine???NO! We remain BOUND!
y We will pay$78,240each year for a total of
$1,232,280for an $800,000 mortgage
Do Nothing Solution
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Goal 3
Give as soon as possible Mortgage payments have two parts:
Interest Principal
Earlyin the payment cycle more ofthe monthly payment goes to
interest and less to principal. Over time the situation is reversed.
Time Is Money!!!
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Successful Capital Fund Drive
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Debt Reduction Contributions
Every dollar will be used for reduction of principal
All contributions will immediately reduce theprincipal (Sent to Thrivent within 2 weeks)
Mortgage payment could be adjusted in June 2011 toreflect smaller principal
(Sooner if $400,000 received before June!)
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What Can You Do???
A debt-reduction contribution of$10,000willreduce the mortgage payment by about $1,000each year for 16 years
Total Payment Reduction: $16,000
y A debt-reduction contribution of$5,000will
reduce the mortgage payment by about $500each year for 16 years
Total Payment Reduction: $8,000
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Goal 4
Make St. Johns your
TOP PRIORITYFor the next
24 months
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Goal 5
Include St. Johns in your Estate Planning
St. Johns Operating Fund
St. Johns Foundation
Remember St. Johns
in your Will
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Debt DownMission UP
St Johns will beUNBOUND
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To Follow the
Good Shepherd!
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y Thanks to
y John Walters
10/28/2010