Aerial

AerialAerial

Front Front

South-west South-west corner & corner & Capilano RdCapilano Rd

Middle of parking Middle of parking lot lot (approx. 30 stalls)(approx. 30 stalls)

North-east North-east cornercorner

BasementBasement

SanctuarySanctuary

Baptism Baptism TankTank

財政預算分析財政預算分析 Budget Analysis 2006 2007 2008 2009

  教牧行政同工 $ 164,000.00 $ 168,900.00 $ 172,584.00 $ 181,074.00

  教會行政 $ 58,100.00 $ 66,210.00 $ 69,810.00 $ 82,120.00

  國語事工 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 4,500.00

  英語事工 $ 2,600.00 $ 3,600.00 $ 4,000.00 $ 6,700.00

  兒童事工 $ 3,500.00 $ 2,000.00 $ 2,000.00 $ 2,000.00

  事工部門 $ 7,980.00 $ 9,550.00 $ 9,150.00 $ 10,600.00

團契 / 小組 ( 約書亞團 )

$ 650.00 $ 800.00 $ 800.00 $ 400.00

其他支出 $ 2,870.00 $ 2,900.00 $ 2,900.00 $ 2,900.00

  總 計 $ 244,700.00 $ 258,960.00 $ 266,244.00 $ 290,294.00

    $4,700 / Week $4,980 / Week $5,120 / Week $5,582 / Week

  增加   $ 14,260.00 $ 7,284.00 $ 24,050.00

  增加 %   5.80% 2.80% 9.00%

  實際收入 $ 195,842.00 $ 217,344.00 $ 216,363.00 $ 215,722.00  

 實際支出 ( 約佔預算

88%) $ 211,553.00 $ 228,075.00 $ 238,917.00 $ 255,458.00  

  Deficit ( 不敷 ) $ (15,711.00) $ (10,731.00) $ (22,554.00) $ (39,736.00)  

  植堂委會資助 $ 25,000.00 $ 20,400.00 $ 20,400.00 -

  Balance 結餘 $ 9,289.00 $ 9,669.00 $ 2,154.00 $ (39,736.00)?  

估計

Deficit 2006 – 2009 ( 不敷 ) (if BOCE is excluded)

2006 $15,711.002007 $10,731.002008 $22,554.00Sub-total $48,996.00

2009 $39,736.00 ?Total $88,732.00 ?

Development Funds 建堂基金建堂基金

2005 2006 2007 2008

結餘 $177,012 $204,984 $252,544 $281,214

Balance

增長 15.8% 23.2% 11.3% Growth

銀 行 戶 口 結 存Bank Account Balance

GIC Accounts as at FEB 3, 2009

Product Amount

一年活定期 $126,863.33

一年定期 $ 73,324.01

一年定期 $ 84,484.44

(CIBC) $284,671.78

三個月定期 - 建堂基金(TD Bank) $281,214.97

Total $565,886.75

Less $ 25,819.81 Mission Funds

Less $ 29,531.00 Mandarin Church Funds

$510,535.94

Cash in hand as at 12/31/2008 ： $41,324.92

Comparison

Name Lot Size Assessm’t

NSBCMBC 7,000’ $1.05M

Bridge Community Church 33,000’ $1.06M

Canon Heights Church 25,000’ $1.23M

Mortgage Payment Calculation

Loan Amount   $ 750,000 $ 750,000 $ 750,000 $ 750,000

Interest Rate   5.00% 5.50% 6.00% 6.50%

Monthly Payment (25 yr)   $ 4,362 $ 4,577 $ 4,798 $ 5,023

Total payment (Note 1)   $ 5,000 $ 5,200 $ 5,400 $ 5,700

Loan Amount   $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000

Interest Rate   5.00% 5.50% 6.00% 6.50%

Monthly Payment (25 yr)   $ 5,816 $ 6,103 $ 6,398 $ 6,694

Total payment (Note 1)   $ 6,500 $ 6,800 $ 7,000 $ 7,300

Loan Amount   $ 1,500,000 $ 1,500,000 $ 1,500,000 $ 1,500,000

Interest Rate   5.00% 5.50% 6.00% 6.50%

Monthly Payment (25 yr)   $ 8,724 $ 9,155 $ 9,597 $ 10,047

Total payment (Note 1)   $ 9,400 $ 9,800 $ 10,200 $ 10,700

Loan Amount   $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000

Interest Rate   5.00% 5.50% 6.00% 6.50%

Monthly Payment (25 yr)   $ 11,632 $ 12,207 $ 12,796 $ 13,396

Total payment (Note 1)   $ 12,300 $ 12,900 $ 13,400 $ 14,000

Note 1:- Total Payment = Monthly Payment + gas , electricity & misc. expenses approx. $600/month (but rounded up for easier reading)

Current Monthly Expenses include rentals on Community Church + office + misc. expenses = $5,700 (this is one of the best positions where we pay the same every month)

Estimated Budget OverviewScenario 1 (if $2,800,000)

Purchase Price $2,800,000

Renovation & Misc. Cost $ 300,000

$3,100,000

Development Fund $ 280,000

Finance from MB $ 750,000

Pledge from congregation $2,070,000

$3,100,000

Estimated Budget Overview Scenario 2 (if $2,400,000)

Purchase Price $2,400,000

Renovation & Misc. Cost $ 300,000

$2,700,000

Development Fund $ 280,000

Finance from MB $ 750,000

Pledge from congregation $1,670,000

$2,700,000

Estimated Budget Overview Scenario 3 (if $2,000,000)

Purchase Price $2,000,000

Renovation & Misc. Cost $ 300,000

$2,300,000

Development Fund $ 280,000

Finance from MB $ 750,000

Pledge from congregation $1,270,000

$2,300,000

Remarks

- There are likely 2 tenants leasing for the coming year (subject to further negotiation)

Pray…..