June 21 Building Update 081
“By The Numbers”
Wanted to jump-on today and give everyone a detailed “By The Numbers” update on where we stand with giving and how that relates to the building project’s financial goals & timeline. As you know, AR has taken aim at breaking ground on the new facility & campus by the end of this year.
To accomplish the “shovel in the ground” which is currently scheduled on the build timeline for December 4th, AR needs to achieve THREE key giving goals in 2022. These goals are twofold: 1) raise additional funds for construction related expenses which are being self-financed by the church and 2) fulfill necessary financial criteria for the construction loan required by the local lending institution
The THREE giving goals AND THE “STATUS” OF HOW WE ARE DOING WITH EACH (as of June 20th) is as follows:
- GOAL: BY THE END OF SUMMER, RAISE AN ADDITIONAL $150K FOR THE BUILDING FUND TO PAY CIVIL ENGINNEERING COSTS AND SOUND DESIGN FOR THE NEW FACILITY
STATUS: AR has currently raised $76,662.22 or 51.1% of goal
- GOAL: BY THE END OF THE 2022, MEET OR EXCEED LAST YEAR’S TOTAL CONTRIBUTIONS OF $749,771
STATUS: AR has Total YTD contributions of $384,294 or 51.3% of goal
- GOAL: CONTINUE TO BUILD FINANCIAL RESERVES REQUIRED BY THE LENDING INSTITUTION FOR APPROVAL OF THE CONSTRUCTION LOAN
STATUS: AR Staff & Leadership Team are currently in the process of planning the Fall Giving Campaign to fulfill anticipated lending requirements (more from Pastor Jenn and James about this soon)
As you see from the above, AR is making steady progress toward its 2022 building related financial goals but still there is important work to do! SO, we will need a Summer Surge in Building Fund contributions to meet our $150K goal. Can we reach this amount between now and the end of summer??? You bet we can!!!
AND, as far as making comparable (Comp) for 2022, can we exceed last year’s giving total of $749,771 in contributions??? Yes, absolutely!!! In fact, I will make a prediction that this year Ashley Ridge will not only exceed the giving number from 2021 but will even exceed the 2020 record breaking amount of $811,475.
God continues to do amazing things at Ashley Ridge Church! Just week before last, I saw Pastor Jenn running up and down the stage during worship resupplying rocks which were quickly disappearing due to the large number of new owners.
We can be confident that God has a plan for Ashley Ridge Church and that HIS plan is good and better than we could ever imagine!
“Though an army besiege me, my heart will not fear; though war break out against me, even then I will be confident.” -Psalm 27:3
Monthly Financial Report. The MTD giving numbers as of June 20th are also provided for your information below:
$8,016.34 Building Fund + $36,789.98 General Fund = $44,806.32 TOTAL
If you would like to make a contribution to the Building Fund for construction costs or the General Fund for operating expenses, you can do so here.
AR Building Project Leader