2024 BUDGET &
VOTING TOPICS

2024 MINISTRY BUDGETS

$1,500,000          

  • Staff Compensation & Benefits: $833,550 (55%)

  • Administration: $136,500 (9%)

  • Facilities: $165,000 (11%)

  • Mortgage: $160,000 (11%)

  • Worship: $28,950 (2%)

  • Adult Ministries: $30,500 (2%)

  • Kids Ministry: $23,500 (1.5%)

  • Student Ministry: $22,000 (1.5%)

  • Opportunity Expenses: $100,000 (7%)

2024-2025 TOTAL INCOME:

Our commitments and expected giving over the next two years: $6,300,000

2024-2025 TOTAL EXPENSES:

New Construction: $3,000,000

Missions for two Years: $300,000

General Budget: $3,000,000

  • Operating Expenses for 2024: $1,500,000

  • Operating Expenses for 2025: $1,500,000

FULL BREAKDOWN OF 2024 BUDGET

We are living out our two-year mission adventure called Gaining Ground.  Over the next two years we are Gaining Ground for God and for Generations as we build out a new auditorium, lobby, coffeehouse, and children’s spaces. 

WHAT

Compass will be negotiating a loan up to $4,000,000 to build a new auditorium, lobby, coffeehouse, and kids classrooms on our vacant five acres of land. 

APPROVAL TO INCREASE COMPASS BORROWING

WHY

To reach the West Valley and beyond. God has called Compass to be on mission with Him to provide a community space where people will find their way to God.

WHO

The Chairman of the Elder Board and Treasurer are authorized to execute any and all documents needed to complete this transaction.

LOAN SUMMARY

Loan Amount: Up to $4,000,000 if needed

Interest Rate: Negotiating the best rate