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Crossing Finances: 2014 Year-In-Review & 2015 Budget

We desire to be a church that is Christ-centered, mission-focused, and God-glorifying in all that we do.  We exist to lead people into a growing relationship with God and each other through Jesus.  In all things, we want to be above reproach. We believe that especially includes how finances are handled at The Crossing.  

We are governed by a board of elders that are trained, examined, and approved according to biblical standards and our church's bi-laws and covenants.  As an elder-led church, the elders have been given the responsibility and the authority for approving the annual budget.  

The coming year's budget (2015) was developed over the last few months of the previous year (2014).  Elders, staff, team captains, independent accountants, and others in key leadership capacities have direct input into the budget process.  The budget is developed through a process of the elders following the holy-spirit that is marked by biblical wisdom.  We review where we believe God has been at work bearing fruit.  We then evaluate where we believe God is leading us in the coming year.  We take into account recent growth and actual income and expenses.  We dream, pray, discuss, analyze, and write on lots of whiteboards to develop an initial budget.  That initial budget is then thoroughly examined, altered as necessary, and then agreed upon in unanimity by the elders.  This all happened between October and December 2014.

The approved budget is then given to our independent accounting firm (Dime, Inc.) to review for any errors, and then entered into QuickBooks before January 2015.  Monthly reports are generated throughout the year by the accounting firm so that elders and staff have the most accurate and timely information needed.  All money given to the church is reviewed and recorded by our accounting firm so that a year-end-giving statement can be generated.  The accounting firm also reviews, approves, and pays all expenses, bills, and reimbursements that fit within the approved budget parameters.  No staff has access to church check stock, debit cards, or withdrawl slips.  Each payment or reimbursement is reviewed and approved by multiple levels of accountability.  Funds received by the church are not counted by the staff, but by multiple, approved, and trained leaders (2 or more unrelated leaders count together at the same time).

2014 was a wonderful year of growth in so many ways at The Crossing Church. We saw almost twice as many people come to faith and get baptized this year as last year. New small groups were added.  We expanded our CrossingKids environments.  We took multiple mission trips to Costa Rica.  We held two Easter services and had our largest Christmas gathering ever.  Rob Christy finished his first full year on staff as a full time pastor overseeing ministries.  We began a residency program to train future pastors.  We also supported church planting and the education of church planters.  We grew by almost 25% as a church.

2015 looks to be a fantastic year, too.  We have added our first staff member for worship. We have budgeted to add a staff person in CrossingKids.  We are planning on at least two mission trips to Costa Rica.  We will be increasing our mission/ charitable giving to support church planting and the training of church planters.  We have a vision to reach more people for Jesus in our community, as well as expand discipleship.  Given all of this, here are the financial numbers::

2014's Budget and Actual for Income/ Expenses:
2014 Budgeted Income: $263,853
2014 Actual Income: $302,238
2014 Budgeted Expenses: $269,953
2014 Actual Expenses: $262,528

2015's Approved Budget for Income/ Expenses:
2015 Budgeted Income: $287,177
2015 Budgeted Expenses: $285,150

Percentage Breakdown of The 2015 Budget by Category:
Personnel- 59%
Facility-11%
Ministry-15%
Mission (beyond TCC) -10%
Administration-5%

*If you have questions about the budget, please email us at info@tccjax.org.  One of our pastors would be happy to meet with you.