SHEPHERDS’ PRESENTATION
June 8, 2008

We don’t have to look very far today to see the myriad of economic problems facing our community and nation. From rising gas and food prices, to falling home values, to state and city budget deficits, the effects of a struggling economy are felt by everyone at some level. On the national, state and local levels, the current financial issues are wide-ranging and severe to many Americans.

Unfortunately, the Central church of Christ is not immune to these troubling economic problems. For the past several years, the church and our largest outreach and ministry, Sierra Christian School, have also been negatively impacted by the current financial situations described earlier. This morning, we want to inform you of our current financial condition and of our plans and hopes for getting financially stronger as soon as possible.

First, let’s talk about our financial problems. We are currently in a deficit spending situation. In other words, we are spending more than we are bringing in. This has been brought about by several issues which we will attempt to briefly describe to you now.

Number one, the Central Church of Christ has not met budget in terms of the proposed annual expenditures and contributions for several years. Over time, that has caused us to spend whatever savings and operating and facility reserves we had managed to accumulate to meet annual budgets going back several years when John Wright was still here. Sadly, our attendance has declined for several years and contribution has also declined proportionately while many expenses have gone higher. Consequently, we entered our most recent budget with no reserve and some carry-over debts.

Number two, several years ago, Sierra Christian School had a very difficult year. Decreased enrollment forced them to use their pre-registration funds for the upcoming school year to financially close out their current year. The school then continued to do so, out of necessity each subsequent year until the end of the 2006-2007 year. To become ACSI accredited, they had to stop that policy. The only way to do so was to not reimburse the church rent, utilities, and other agreed upon costs. Consequently, the church has had to absorb these costs into its own budget and carry that debt in our own 2007 and 2008 budgets.

Number three, Sierra Christian is not immune to the current financial problems we described earlier. So, after several good enrollment years this current 2007-2008 school year has had a significant drop in attendance to about 80% of projected enrollment. Due to lack of tuition income, the school has again been unable to reimburse the church for any utilities or janitorial expenses, requiring the church to absorb these costs for a second time.

Number four, a Sierra Christian School staff decision was made to create a “Director of Development” or fund-raiser position in their 2007-2008 budget. Unfortunately, this employee was unable to raise intended new financial resources and the contract was terminated before its completion to save further financial losses. However, losses were incurred that further hindered the school from meeting its budget obligations to the church, thus perpetuating the indebtedness the church was already bearing.

Number five, for several years, after spending all our reserves, we have been paying many of our bills by the “robbing Peter to pay Paul” theory. As financial resources have dwindled, we have been forced to use our credit cards to pay regular operating expenses. This has led to the cards occasionally being “maxed” out as well as making high interest payments which we all know can be quite costly. Obviously we would rather not have this spending practice for our day-in, day-out expenditures.

Number six, the church’s own current income is down in three categories. First, we had a 2007 weekly budget of $5,300.00 while weekly contribution averaged $4,800.00. Our current 2008 budget is $5,800.00 while our average weekly contribution is $5,100.00. Second, much of the pledged extra-budgetary giving for our Youth Minister fund has stopped once we hired a Youth Minister. Third, approximately 75% of our office remodel pledges have stopped while the loan payments will continue for 3.5 more years.

With this lengthy list of historical and current financial problems, Central is running “in the red” every month. We are currently approximately $18,000.00 in debt as of May 13th. Randy, Alan, Jess and our office staff have done a good job managing current spending and minimizing our potential indebtedness.

Now, let’s turn our thoughts and attention to solutions for a long-standing but now very critical set of financial problems.
Number one, in our current administrative structure of being shepherd-led and pastor-driven, most of our finances are budgeted and spent through the church office by staff.
That structure was instituted to free the shepherds from day-to-day administrative duties. In light of our financial situation, we plan to again be more hands-on in the budgeting process and in spending policies. We simply want to share more responsibility and accountability in these difficult financial times.

Number two, our current servant-leader in charge of finances is, unfortunately, moving. We will miss the Blanton family. As we appoint a new servant-leader, we probably will also appoint a new committee and ask them to be more hands-on in oversight of our budgeting and expenditures for the same reasons as the shepherds will be. As we continue to deal with limited resources and try to be frugal and wise in our spending, we feel additional input will be helpful.

Number three, we intend to see that the use of credit cards to pay bills stops as soon as possible. We intend for church credit cards to again be used for their original purposes only.

You have probably realized that none of the first three solutions mentioned will help us get out of debt. Hopefully, they at least will prevent us from going further into debt. Now, let’s consider some practical and hard answers at becoming more financially stable again.

Number four, Sierra Christian School can and should remain a “front-line” ministry of the Central Church of Christ while not incurring additional debt for the church. We intend for Sierra Christian to again be reimbursing the church for utilities, janitorial salary and supplies in their 2008-2009 school year. In addition, they will pay Alan’s full salary as he is currently spending the majority of his time as their principal. This will provide additional and currently unbudgeted income into the church’s 2008 budget. Sierra Christian will be asked to reimburse the church for past expenses as they are able to afford to repay them. They will remain a front-line ministry by using the church facility rent-free and falling under our liability as a ministry of the church.

Number five, we will revisit the issues of committed pledges for our Youth Minister and Office Remodel funds. We will ask those who made these pledges to re-commit to fulfilling them as soon as possible. We actually expected contribution to the Youth Minister fund to increase with Jess and Deb’s arrival. We had anticipated those directly affected would be desirous of giving more so the youth program budget could increase once we had a youth minister to oversee the program.

Number six, our current rate of giving needs to increase, despite these difficult financial times. Admittedly we have some very generous givers. Some of you, particularly retirees on fixed or limited incomes, give much more than the scriptural yardstick of “tithing”. We also have shut-ins who tithe on a regular basis even though unable to attend services. Your giving is a blessing to the church and to you. We thank all of you who actually tithe or more.

Unfortunately, the majority of Central members do not tithe. While we, your shepherds, admittedly to not know all of you on a deep personal level, we know you collectively. As we spent hours formulating our 2008 Strategic Plan and Budget presentation, we actually “guesstimated” the approximate incomes of Central’s wage-earners. We then reduced that approximation by about 10% to be extra-conservative. We then added up the totals of those we knew tithed and then those who probably didn’t. If everyone at Central tithed by our conservative estimates, we probably would be over-budget in our giving by nearly $100,000 annually. If everyone not tithing gave only approximately 6%, we would possibly be $50,000 over budget. And, we would have no current debt while looking for ways to expand our outreach and ministry programs.

In recent months, we have heard a very interesting variety of reasons or excuses why different ones of you are currently uninvolved in our ministries and not giving as you know you should or at all. To this predicament, we your shepherds, ask two questions. First, there is much to be involved with: within Central, within our community, within our Church of Christ fellowship, and globally. Why aren’t all of you involved in some of our ministries already? If none of these outreaches utilize your talents, come with new ideas and we’ll develop them. Every Central member should be involved in ministry and service as God has blessed us (I Cor. 12:4-7). Second, our giving is not to further the agenda of the shepherds or Randy or Alan or Jess. It’s to further the agenda of God here in Stockton. We are just trying as your leaders to facilitate Central’s talents and resources financially. Our giving is to serve and honor God. Consequently anyone’s lack of giving isn’t making a statement to us, but to God. As we read Malachi 3:8-10, not tithing is actually robbing God, not Central. Understanding our current economic environment in 2008, we simply asked you to bring your giving up to 6% at this moment. How and when you can really tithe is up to you. But, realistically, what is there to not desire to support financially in the ministries we listed above? Regardless of the style of songs we sing or the way we administer our daily operations, can you not support digging a well in Cambodia or sending a child to Bible camp? There is much to support in our strategic plan so why does anyone keep robbing God? If we decide we shouldn’t, then we would not need this presentation ever again.

In conclusion, we have some serious financial issues. We will tighten our belts, make better decisions and watch spending more closely in the future. We will be as accountable as you desire. We, the shepherds, will be more proactive in oversight as long as necessary. But, we must ask you to conscientiously and prayerfully do your part both in involvement and in honoring God financially. Together we can solve these current problems and move on to serve God better. As Jesus said in Matt. 22, the two greatest commands are honoring God and serving others. Let’s do that individually and collectively every day.