2011 Faith-based Budget
ACF is a faith-based budgeting church. We plan our ministry vision and budget our resources based on what we believe God is calling us to do, not just on what we think we can accomplish on our own (see Mathew 14:16-21). This budgeting practice is uncommon and, if not completely understood, is confusing. This budgeting practice is yet another unique characteristic of ACF. Most churches (and certainly not the business world) do not use this approach to budgeting.
Faith-based Budgeting works like this: The ACF Overseers, Board and staff spend a considerable amount of time in prayer, seeking God’s direction and objectives for our church each year. Then, we attach budget figures to His plan. In the business community (and most churches), the budget and planning process is reversed. They see how much money comes in, and spend the money accordingly. This faith-based approach is unnatural to most of us, and certainly requires faith and trust in God.
ACF also pursues a transparent budget process. We strongly believe that the use of God’s money should be above reproach. Our annual budget is explained here in detail and the staff is available to answer any questions you might have about the budget.
2011 Faith-based Budget
|
Annual Budget |
2011 Actual |
% of Goal | |
| Contributions |
$6,216,511 |
$4,735,343 |
76% |
|
Operations |
$3,967,306 |
$3,130,141 |
79% |
|
Missions |
$1,356,915 |
$1,356,915 |
100% |
|
Debt |
$ 528,739 |
$697,799 |
132% |
|
Capital |
$ 319,550 |
$79,482 |
25% |
|
Campus Deveopment |
$ 44,000 |
$0 |
0% |
Debt Retirement
| Debt Retirement | 2011 |
| Beginning Debt Balance as of 1/1/11 | $1,293,821 |
| 2011 Debt Principal Budget |
$ 420,618 |
| 2011 Debt Principal Payments | $ 629,656 |
| Ending Debt Balance as of 12/31/11 |
$ 664,165 |
For more details regarding each budget line item or questions, please contact our Accounting Manager, Holly Wright, at holly@acfellowship.org.