Xenos Finance Information
Below is information from the end of our 2017 budget year. We are now finalizing our 2018 budget based on our Annual General Fund Pledge Campaign. See FST Results for how our Fiscal Support Team voted to prioritize new spending for the year. Stay tuned for updates in February when we know our final budget.
As of January 8, 2018:
General Fund (GF) - Paying for the foundation of the ministry God accomplishes domestically and that makes possible His kingdom work around-the-world through Xenos. For 2017:
|A) Annual Operating Budget (What we have planned to spend for the year)||$ 7,501,500|
|B) GF Donations Year-to-Date (What has been received from donors so far for year)||$ 7,801,900|
|C) GF Receipts Same Time Last Year (Donations thru the same week last year)||$ 7,339,600|
Conclusions for General Fund Year-to-Date: We celebrate exceeding our 2017 budget as we enter into the work of 2018!! We are seeking an increase of 4.2% in 2018 funding over 2017, so our budget would be $7,820,100 if covered by pledges.
Building Fund + Debt - Our 2014-2017 Securing of Future campaign was truly successful as we met our campaign goals - prior debt was paid down and all costs of opening 'The Warehouse' were covered. Some households continue to give to our Building Fund in support of their burdens for great venues, and this allows us great flexibility as God leads.
We retain some (very manageable) debt for our church and have some room-to-grow on one of our properties in particular at Oakland Park Ave. in Clintonville close to The OSU campus.
Total Current Debt on All Properties = $930,800
Missions Giving - The vast amount of annual growth in Xenos' Missions work funding happens outside of the General Fund. Check out Xenos' Global Partnerships for more on the church's missions work primarily through indigenous movements around the globe, along with the Humanitarian Aid & Development Fund which focuses resources on the poor and at-risk domestically and internationally.