My illustrious, highly favored, and greatly esteemed fellow DEXCOM members:
Good evening! I told David already, but the Army called on me at the last minute to travel to St. Louis to provide ministry to one of our battalions who has suffered a string of suicides and other tragedies recently. Unfortunately, I won't make it tomorrow. I will miss seeing all of your beautiful face.s (some more beautiful than others :) However, since I am the treasurer and a new proposed budget is on the agenda, I wanted to offer you a few thoughts and perspectives on it via e-mail in my absence.
1. Our projected income is up almost 40%, with rental income providing a new funding source for FY 22.
The DMF is up a tick at 7.6% (not a huge increase) and is based upon contributions from everyone. At our district conference, I will emphasize the need for everyone to give their fair share for this to be attainable.
Our rental income (non-existent in our FY 21 budget) accounts for over 23% of total income. That's wonderful and I'm grateful God has brought that reliable funding source. Moreover, this income number is a conservative estimate. It has the potential to be significantly higher.
2. Our income is all accounted for in our projected expenses. Most importantly, though, is that our new income is being spent in "value added" strategic ministry efforts.
Our income is not being spent on major building projects, new staff, private jets, etc. Encouragingly, it's largely being spent on church health (almost a 30% increase from FY 21), church advance (a new category and almost 35% of total expenses), and missions (a 170% increase from FY 21).
In fact...our rental income ALONE covers 100% of our building maintenance expenses IN ADDITION TO 100% of our church advance, church health, missions, travel, office expenses, and other operational expenses...with almost $5k still left over.
All this means we are positioned to leverage our properties well and increase our ministry effectiveness with these assets God has given us.
3. I am in favor of and encouraged by this proposed budget and you should be, too!
THANK YOU David and Norma for doing the heavy lifting with this. I feel very good about standing before our workers at the district conference and presenting them this budget. I think it will encourage them in their work and it should also encourage churches who may not be fully contributing to the DMF to do so, seeing how this money is being used to expand the Kingdom.
I miss you all and pray you are staying well and encouraged. Thanks for tolerating my lengthy, wordy e-mail!
Just a man trying to save his thoughts and correspondence