July 2018-January 2019 Financial Overview

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July 2018-January 2019 Financial Overview

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Village Bible Church 1 Church: 5 Campuses Contributions Actual Giving $1,304,972

1

Budget Giving $1,285,945

July 2018-January 2019

Village Bible Church 1 Church: 5 Campuses Expenses Actual Expenses $1,146,557

Budget Expenses $1,238,116

July 2018-January 2019

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Village Bible Church 1 Church: 5 Campuses July 2018-January 2019 YTD Expenses Missions & Outreach $159,943 (14%)

2018/2019 YTD Actual Expenditures $1,146,557

Staff $713,186 (62%)

Ministry, Admin & Bldg $273,428 (24%)

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Village Bible Church Financial Update 1 Church: 5 Campuses July 2018-January 2019 2018/2019 Unrestricted Cash & Reserves Budget

Contributions (Month) Contributions (Fiscal YTD) Contributions from Reserves** (Month) Contributions from Reserves** (Fiscal YTD) Expenses (Month) Expenses (Fiscal YTD) Net Total (Month) Net Total (Fiscal YTD)

$

183,707 $

$

1,285,946 $

$

2018/2019

Over/(Short)

135,935 ($ 1,304,972 $

3,060 ($

$

21,418 $

$

170,615 $

$

1,238,117 $

($ $

Current Month Data

$614,075

2017/2018 $747,122

47,772) 19,026

7,630) ($

10,689)

4,997 ($

16,421)

176,238 $

5,623

1,146,558 ($

91,559)

47,933) 163,411

Jan 2019

Avg Worship Attendance Active HH Avg Attendance Avg Visitor Attendance Active Visiting Individuals Active Attending Households Active Attending Individuals

1032 289 56 30 565 1506 # of HH 290 241

Current Month Giving Family Units Past 3 Mos. Giving Family Units PORTION OF GIVING DONE ONLINE Online Giving (Month) Online Giving (YTD)

$ $

74,517 618,700

BENEVOLENCE BALANCE Giving (Month) Giving (YTD) Paid Out (Month) Paid Out (YTD)

$ $ $ $ $

10,138 2,009 14,673 4,159 21,100

51%

HH Ratio 51% 43%

YTD Ratio 59%

2018/2019 55% 47%

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Target Campus Budget Allocation

18%

17%

65%

Multiplier Fund: Missions & Resurgence

10% Global Missions; 8% Resurgence We are committed to reproducing at every evel—leaders, ministries, celebration services, campuses and churches. With multiple locations, it can be challenging to remain missional about new endeavors with so many worthwhile interests competing for resources. By allocating 18% of all offerings to the multiplier fund, we’re positioned to reproduce consistently, to invest in leadership and to resource our existing campuses as they model our reproducing DNA.

Catalyst Operations: Central Services

17% Catalyst Catalyst operations include creative arts, business administration, and ministry visioning, collaboration and alignment. Operating the Catalyst at 17% of all offerings requires us to continually refine our operations and ensure fiscal responsibility.

Campus Operations: Campus Ministry

40% Staff; 25% Ministry/Local Outreach/Administration/Building & Grounds Each campus operates on 65% of its collective annual offerings, which are used for staffing, facility, capital savings, local outreach and ministry operations. Operating at 65% takes the guesswork out of future staffing, facility usage and other expenditures, since annual budgets are established based on projected offerings.

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VILLAGE BIBLE CHURCH MONTHLY UPDATE July 2018-January 2019 AURORA CURRENT MONTH DATA

Avg Worship Attendance Active HH Avg Attendance Avg Visiting Individual Attendance Active Visiting Households Active Attending Households (Active Assim Code 1-5) Active Attending Individuals

PORTION OF GIVING DONE ONLINE Online Giving (Month) Online Giving (YTD)

Jan 2019

% Change

Jan 2018

Jan 2017

225 80 16 9

5%

215

211

58% -33% -36%

138 302 # of HH 62 53

Current Month Giving Family Units Past 3 Mos. Giving Family Units

$ $

SUGAR GROVE

10,860 109,241

8% 6% 2018/2019 HH Ratio YTD Ratio 45% 50% 38%

24 14

18 15

128 115 286 247 2017/2018 HH Ratio YTD Ratio 52% 54%

2018/2019

Jan 2018

Jan 2017

54% 49%

45% 45%

51% 51%

Current Month to Date

Avg Worship Attendance Active HH Avg Attendance Avg Visiting Individual Attendance Active Visiting Households Active Attending Households (Active Assim Code 1-5) Active Attending Individuals

% Change

Jan 2018

Jan 2017

572 182 34 17

-4%

594

642

162% 13%

13 15

61 33

Current Month to Date

Current Month Giving Family Units Past 3 Mos. Giving Family Units PORTION OF GIVING DONE ONLINE Online Giving (Month) Online Giving (YTD)

% Change

Jan 2018

Jan 2017

30 12 1 0

-3%

31

34

# of HH 9 8

$ $

500 1,690

2018/2019 HH Ratio YTD Ratio 56% 59% 46%

$ $

54,743 449,328

297 276 895 888 2017/2018 HH Ratio YTD Ratio 59% 64%

2018/2019

Jan 2018

Jan 2017

61% 51%

53% 53%

48% 48%

EL CAMINO

Jan 2019

14 39

0% -3%

# of HH 166 137

INDIAN CREEK Avg Worship Attendance Active HH Avg Attendance Avg Visiting Individual Attendance Active Visiting Households Active Attending Households (Active Assim Code 1-5) Active Attending Individuals

61%

296 867

Current Month Giving Family Units Past 3 Mos. Giving Family Units PORTION OF GIVING DONE ONLINE Online Giving (Month) Online Giving (YTD)

Jan 2019

86% -50% -100%

2 4

3 4

-18% -15% 2018/2019 HH Ratio YTD Ratio 64% 61% 57%

17 20 46 55 2017/2018 HH Ratio YTD Ratio 47% 58%

2018/2019

2017/2018

2016/2017

10% 3%

0% 0%

10% 10%

Current Month to Date

Avg Worship Attendance Active HH Avg Attendance Avg Visiting Individual Attendance Active Visiting Households Active Attending Households (Active Assim Code 1-5) Active Attending Individuals

% Change

Jan 2018

Jan 2017

44 15 5 4

13%

39

24

-50% 33%

10 3

3 3

58%

26 62

117% 77% 2018/2019 HH Ratio YTD Ratio 38% 45% 23%

# of HH 10 6

Current Month Giving Family Units Past 3 Mos. Giving Family Units PORTION OF GIVING DONE ONLINE Online Giving (Month) Online Giving (YTD)

Jan 2019

$ $

420 9,543

12 10 35 24 2017/2018 HH Ratio YTD Ratio 50% 47%

2018/2019

2017/2018

2016/2017

27% 44%

55% 55%

65% 65%

PLANO Current Month to Date

Avg Worship Attendance Active HH Avg Attendance Avg Visiting Individual Attendance Active Visiting Households Active Attending Households (Active Assim Code 1-5) Active Attending Individuals

% Change

2017/2018

161 46 17 8

113%

76

91 236 # of HH 43 37

Current Month Giving Family Units Past 3 Mos. Giving Family Units PORTION OF GIVING DONE ONLINE Online Giving (Month) Online Giving (YTD)

Jan 2019

$ $

7,994 48,897

51% N/A N/A N/A N/A HH Ratio 47% 41%

YTD Ratio 52%

2018/2019

2017/2018

43% 36%

N/A N/A

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Financial Accountability Accountability and transparency is important to us. We strive to be the best stewards of God’s resources that we can be and know that having others reviewing and guiding us will help us stay on track. Scripture talks over and over again about the importance of seeking wise counsel. We can’t imagine a place that would be any more important than in the church! To this end, the elders of Village Bible Church have implemented the following: VBC Non-Staff Guiding Elders & Consensus Decision Making (Wise Counsel & Accountability) While all elders lead and shepherd the church, the guiding elders are the actual governing board of the church. This board is intentionally made up of a majority of non-staff elders and operates by consensus, which means “total agreement by the elders to support a decision.” This structure provides accountability and balance to our leadership team. Guiding Elders (Non-Staff): Scott Brown (Aurora Campus), Bill Griffith (Indian Creek Campus), Jon Pilkington (Sugar Grove Campus) Additionally, two staff members serve on this team: Keith Duff (Executive Pastor) and Tim Badal (Lead Pastor).

VBC Stewardship Team (Wise Counsel & Accountability) This advisory team is made up of church members who do not serve as staff or as elders. While they are not a decision making team, they advise and work with the guiding elders on overall financial strategy and practice, such as: 1) budget development; 2) compensation analysis; 3) cash-control audits; 4) monthly financial reviews; 5) financial communication; 6) generosity teaching initiatives. Stewardship Team (Non-Staff): Phil Beattie (Sugar Grove Campus), Sue Fair (Sugar Grove Campus), Stan Free (Sugar Grove Campus), Jeff Hansen (Sugar Grove Campus), Chad Thompson (Aurora Campus) Additionally, Keith Duff (Executive Pastor) and Stephanie Beattie (Finance Director) lead and advise this team.

Financial Policies and Practices (Accountability) Our financial policies and practices include many checks and balances that include our treasurers, our stewardship team, our CPA and ECFA. These checks and balances include cash handling (there are always at least two people involved with the handling of offerings and the process is audited); check writing and electronic payments (at least two people are always involved in this process); monthly financial reconciliation; year-end financials and expense allocations.

Vanderbloemen Research Group Compensation Analysis (Wise Counsel) Vanderbloemen Research Group provides our compensation team (non-staff guiding elders + non-staff stewardship team) objective analysis of the different leadership roles at VBC as well as compensation practices of similar churches and nonprofit organizations. This analysis guides our actual compensation policy.

Evangelical Council for Financial Accountability ECFA (Wise Counsel & Accountability) We voluntarily submit to the oversight and accountability of the Evangelical Council for

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Financial Accountability (ECFA) who conducts a full review of our church on an annual basis. We have passed their review and been an accredited member each year since first applying in 2010. ECFA enhances trust in Christ-centered churches and ministries by establishing and applying Seven Standards of Responsible Stewardship to accredited organizations. Founded in 1979, ECFA provides accreditation to leading Christian nonprofit organizations that faithfully demonstrate compliance with established standards for financial accountability, transparency, fundraising, and board governance. The Christ-centered ministries accredited by ECFA include churches, denominations, educational institutions and mission agencies. ECFA’s Seven Standards of Responsible Stewardship, drawn from Scripture, are fundamental to operating with integrity. Accountability to God is vital, but people form their impressions of both people and organizations by looking at the outward appearances (1 Samuel 16:7). The basis for establishing ECFA is stated clearly by the Apostle Paul in 2 Corinthians 8:21: "For we are taking pains to do what is right, not only in the eyes of the Lord but also in the eyes of men." The seven standards include 1) Doctrinal Issues, 2) Governance, 3) Financial Oversight, 4) Use of Resources and Compliance with Laws, 5) Transparency, 6) Compensation-Setting and Related-Party Transactions and 7) Stewardship of Charitable Gifts. Our church listing on ECFA: www.ecfa.org/MemberProfile.aspx?ID=28535

CapinCrouse CPA (Wise Counsel & Accountability) We voluntarily submit to the oversight and accountability of the CapinCrouse CPA firm who conducts a full review of our church financials on an annual basis. We have passed their review since first engaging with them in 2010. CapinCrouse is a national full-service CPA and consulting firm who, since 1972, has served Christ-centered, mission-focused not-for-profit organizations, churches, and higher education institutions by providing support in the key areas of financial integrity and security. As a result of this extensive experience, CapinCrouse has a deep understanding of ministry operations and knows the ever-changing needs and the importance of financial accountability in our unique environment. Village Bible Church engages CapinCrouse to perform an annual review of our financial statements. A review includes primarily applying analytical procedures to management’s financial data and making inquiries of organization management. The review is conducted in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. Those standards require CapinCrouse to perform procedures to obtain limited assurance that there are no material modifications that should be made to the financial statements.

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The Bible talks a lot about something called “first fruits.” If something is important, we should do it first. Some of you may have your priority financial items taken right out of your paycheck – maybe 401(k), savings, income tax…. You automate them because they are important – you want to make sure that they are taken care of right away. Here at Village Bible Church, we’re so grateful for the generosity of so many people who financially support the mission and vision of the church. This idea of making the important automatic applies to giving as well. We want to be generous as well as be wise, so in addition to saving for a 401(k) automatically, I would like to encourage you to give automatically also. We’ve set up our website in such a way that you can create a profile and set up regular, recurring contributions. Online giving is safe, secure and free. It’s a great way to be intentional about honoring God and being generous. Many of you give via the offering boxes in the sanctuary and that’s great – you can keep doing that. But I want to challenge you to automate it because it’s important. Would you be willing to set up an online giving profile at villagebible.org/give and automate the important? Not only will you not have to bring a checkbook to church, you’ll help us maintain ministries for your family during all seasons of the year. Jump in. Automate what’s important. Your Pastor and Friend,

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