2019 Capital Campaign Feasibility Results and Toward the Campaign - PowerPoint PPT Presentation

2019 Capital Campaign Feasibility Results and Toward the Campaign

Learnings from the Feasibility Study • High Awareness of Campaign and Participation • High Favorability of Campaign • Willingness to contribute at this stage “off the chart” • Realistic Goal will increase willingness to give • Sense of Stability in leadership is important

Scope of the Campaign • Stauder Architects prepared a “20 year” Master Plan for $1.8 million in renovations • Feasibility Study Returned a suggested primary goal of $823,000 • There is a lot we can do for this amount of money, more than just the “must fix” items • Some projects will need to be put on the “back burner” • Some projects will be ”scaled down” • Some projects will receive full funding

Prioritization Process • Congregational Feedback • Necessary work • Electrical may not poll well, but burning the building down is a bad result • What is “smart” to do • Let’s not tear up the street 3 times in a year • Cost and flexibility sometimes outweigh emotion • What prepares us for God’s Mission tomorrow? • Baptist Colleague • “Weighted Response” of lead givers • Particularly around the organ

Rough Interpretation

Early Recommendations HVAC & Electrical; Retaining Wall, Pews, Energy Efficiency: Lighting, Thermal Windows Necessary Bathrooms, Drop off lanes, Sound System Kitchen hood Plaza, Movable Altar, Some Chapel Stained Desired Glass On Tower Bells & Office; Undercroft to Incubator Office Space Hold Skylights; New Baptismal Font

2019 Capital Campaign Financial Overview To finance Capital Improvements, a careful plan of cash flows will be needed to avoid interrupting operations Financial Steps White Fund Loan 1. Use Caskey Endmnt 2 6 to repair Boiler Capital Campaign Fund 2. Create Bridge Loan 4 3. Initiate Work 4. Receive Pledged Contributions 5 7 Caskey Endowment 5. Finalize Payments 6. Refinance Loan 3 7. Replenish Caskey 1 Contractors Emergency Continued Initial Payment Boiler Payments for Materials Repair 2019 Data is for a directional reference only