Wooddale Church Financial & Decision Supplement...presented 2016 Goals and objectives for approval by the congregation. The congregation approved the 2016 Goals as presented. Pastor

Wooddale ChurchFinancial & Decision

Supplement 2016

Making Christ Known

wooddale.org

• 2015 Annual Meeting Minutes

• 2015 Annual Meeting Action Items

• 2016 New Members

• 2016 Balance Sheets

• 2017 Stub Year Budget Information

• 2017 Stub Year Budget Summary 2016 Actual Projected 12/31/17 for comparison 2017 8-month Proposed Budget

• Worldwide Fund Summary 2016 Expense Schedule

2017 Proposed Budget Summary

• 2017 Nominating Committee Candidates

• 2017 Board of Elder Nominee

• Elders to be Ratified an Additional Two Years

• 2017 Looking Forward

Table of Contents

Wooddale Church2016 Financial & Decision Supplement

WOODDALE CHURCH

2015 Annual Meeting | February 29, 2016

I. The meeting was called to order at 6:30 pm by Chairman Terry Palmberg, who led the congregation in prayer.

II. The minutes of the February 23, 2015 annual meeting and October 26, 2016 special meeting were approved as written.

III. Ratification of New Members: Terry Palmberg submitted the list of new members as stated at p. 7 of the 2015 Financial and Decision Supplement. The congregation ratified the list of newmembers as presented.

IV. A Look at 2015: A video collage of 2015 events and ministry was shown. Vision ’22 Ministry Project Team Chairman Pat Mazorol presented a Status Report of Vision ’22 – Here, Near and Far. A faith story video of Sara Lloyd was shown.

V. Senior Pastor’s Comments: Pastor Hummel shared personal comments on how God has worked in Wooddale Church in the past year and vision for the future. Pastor Hummel presented 2016 Goals and objectives for approval by the congregation. The congregation approved the 2016 Goals as presented. Pastor Hummel discussed a new way of supporting compassion/

benevolence/People’s Needs funding through periodic special offerings.

VI. Financial Reports:

A. Ministry Fund Report: Treasurer Shelly White and Executive Pastor Rich Kristakpresented a report on the 2015 Ministry Fund and the 2016 Ministry Fund proposedbudget. The congregation approved the proposed 2016 Ministry Fund budget as stated at p. 20 of the Annual Report and pp. 11-12 of the Financial and Decision Supplement.

B. Worldwide Fund Report: Executive Pastor Kristak presented a report on the 2015 Wooddale Worldwide Fund and the proposed 2016 Wooddale Worldwide Fund budget. The congregation approved the proposed 2016 Wooddale Worldwide Fund budget as stated at p. 20 of the Annual Report and pp. 13-17 of the Financial and Decision Supplement.

VII. Nominating Committee Report: David Stay, chair of the Nominating Committee, and Terry Palmberg presented a report of the activities of the Nominating Committee:

A. Church Chairman Election: The Board of Elders recommended that the congregation affirm the election of Harlan Kragt as Church Chairman. The congregation affirmed the recommendation.

B. Elder Nominations: The Committee nominated Jason Hammerberg and Josh Jonsson as candidates for elder of Wooddale Church. The congregation elected both Hammbergand Jonsson as elders.

C. Elder Ratification: The Committee nominated Linda Kline, Sharon Rask and Shelly White for ratification as elders. The congregation ratified all nominees.

D. Nominating Committee: The Committee nominated Jill Anderson, Doug Hage, JimRobinson, Peter Jonswold, Sarah Wicklander, Heidi Satterberg and Alan Smith as members of the 2016 Nominating Committee. All nominees were elected.

VIII. Closing Prayer: Pastor Hummel closed the meeting in prayer.

IX. Adjournment: The meeting was adjourned at 8:45 p.m.

Respectfully submitted,

Mick Greene, Secretary

2015 Annual Meeting Minutes

2015 Annual Meeting MinutesAction Items

Yami AbebeJoan AndersonMegan AndresMelissa AsselsMaria AtolNina Batiste-FajemirokunKim BauerEmily BellJoAnn CarlsonPaul CarverDave DonelsonPenny DonelsonDeAnne EloGlenn EloDonna EricksonJohn EricksonOlu FajemirokunBriana FalkStephen GilbertsonMichelle GonserJodie HertigBjork HillWhitney HillMark KerrCindy KurtzCrystal LauJenny LeeJustin LeyendekkerKelsey Lindahl

Ryan LindahlJodi MalmgrenLauren MalmgrenPatrick MalmgrenAnn McArthurJeff McArthurNancy NetzBen PierceCourtney PierceRobin PuttinChuck RescorlaSharon RescorlaMarissa RippleMark TrewarthaBrenda Van DixhornTim Van DixhornGary VanSchooneveldLiz VanSchooneveldBruce WalkerSonya WalkerChuck WalterDeb WalterAnthony WeigelKelly WeigelMonica Wilinski

2016 Wooddale ChurchNew Members

WC 16-1: MSC to ratify the list of new members as presented at p. 7 of the 2015 Financial and Decision Supplement.

WC 16-2: MSC to approve the Wooddale Church 2016 Goals as stated at p. 6 of the Financialand Decision Supplement.

WC 16-3: MSC to approve the 2016 Ministry Fund budget as stated at pp. 11-12 of the Financial and Decision Supplement.

WC 16-4: MSC to approve the proposed 2016 Wooddale Worldwide Fund budget as stated at pp. 13-17 of the Financial and Decision Supplement.

WC 16-5: The Board of Elders recommended Harlan Kragt for selection as Church Chairman. The congregation approved selection of Kragt as Church Chairman.

WC 16-6: The Nominating Committee nominated Jason Hammerberg and Josh Jonsson as candidates for elder of Wooddale Church. The congregation elected both Hammerberg andJonsson as elders.

WC 16-7: The Nominating Committee nominated Linda Kline, Sharon Rask and Shelly White for ratification as elders. All were ratified by vote ofthe congregation.

WC 16-8: The Nominating Committee nominated Jill Anderson, Doug Hage, Jim Robinson, Peter Jonswold, Sarah Wicklander, Heidi Satterberg and Alan Smith as members of the 2015 Nominating Committee. All nominees were elected by voteof the congregation.

ASSETS 2016 2015Cash and Cash Equivalents Marketable Securities Accounts Receivable Inventory Prepaid Expenses and Other Assets Subtotal

PROPERTY AND EQUIPMENTLand Land Improvements Buildings and Improvements Furniture and Equipment Total Property and Equipment Less: Accumulated Depreciation and Amortization Net Property and Equipment Total Assets

LIABILITIES AND NET ASSETSLIABILITIESAccounts Payable Line of Credit Unearned Revenue - Tuition Asset Retirement Obligation Accrued Expenses Long-Term Debt Total Liabilities

NET ASSETSUnrestricted - Undesignated Unrestricted - Board Designated Unrestricted - Designated Property Total Unrestricted Net Assets Temporarily Restricted Total Net Assets Total Liabilities and Net Assets

The numbers above were obtained from Wooddale's 2016 annual audit. If you would like to reviewthe full audited financial statements, contact Rich Kristak, Executive Pastor - Support.

4,197,23730,052

7,05717,827

32,8054,284,978

5,989,8983,257,208

34,327,07310,095,13153,669,310

(24,295,162)29,374,14833,659,126

506,1511,447,483

50,361175,19155,429

2,685,2984,919,913

(1,278,029)1,928,901

25,054,16225,705,034

3,034,17928,739,21333,659,126

6,405,759403,316

5,75712,01439,444

6,866,290

5,989,8983,045,145

30,103,8189,314,702

48,453,563(22,745,687)

25,707,87632,574,166

88,179-

55,446163,806

9,9032,948,7243,266,058

(923,219)2,489,992

22,585,44324,152,2165,155,892

29,308,10832,574,166

2016 Wooddale Church Balance Sheets DECEMBER 31, 2016 AND 2015

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2017 Stub Year Budget Information

his year there is something new in the budget conversation. In 2017 we will

switch our fiscal (budgeting) year from a calendar year (January to December) to a ministry year (September to August). This allows us to better align our budgets with our ministry plans, which mirror a typical school year. The change in a fiscal year does not require a congregational vote, but the budget we are required to vote on will look a little different.

In this Financial and Decision Supplement, you will see a “stub year” 2017 Wooddale Church Proposed Budget Summary which includes these three columns:

• 2016 Actual | This column represents our actual contributions and expenses for the full year, January to December, of 2016

• Projected 12/31/17 for Comparison | This column shows our proposed budget if we were to remain under a calendar year budget for 2017

• 2017 8-Month Proposed Budget | This column shows the proposed budget, called a “stub year,” which we will vote on at the annual meeting on March 20, 2017

The “stub year” is what we will use until we make the conversion to a fiscal year budget this fall. In the fall of 2017 we will introduce a new 12-month budget at an abbreviated congregational meeting.If you want to understand more detailed reasoning behind this decision–and learn more about what else is happening–we encourage you to attend one of the special finance meetings on March 12 or 19 at 9:45 or 11 am in the Chapel on the Eden Prairie Campus. All are also welcome to attend the Annual Meeting itself on March 20 at 6:30 pm in the Great Room on the Eden Prairie Campus. It is a joy to celebrate God’s faithfulness through the Wooddale Church community.

T

2017 Wooddale Church Proposed Budget Summary

REVENUEContributions | Ministry Contributions | Worldwide Contributions | Compassion Total Revenue

OPERATING EXPENSESStaff & BenefitsGeneral FacilityCorporateDesign and CommunicationsMinistry SupportMinistry TeamsEdina Multi-site CampusLoring Park Multi-site Campus**CompassionWorldwide Total Operating Expense

OTHER BUDGET ITEMSDebt ServiceCapital SpendingWooddale AcademyCatering/Facility IncomeOther Income & Expense Total Other Budget Items

Total Expenditures

Surplus (Deficit)

2016 Actual

6,818,231 1,605,587

205,629 8,629,447

4,503,765 718,233 151,188 205,146 181,880 562,026 411,087

- 176,355

1,595,250 8,504,929

387,594 -

(80,682) 43,071 3,412

353,395

8,858,324

(228,877)

Projected 12/31/17For Comparison

6,857,950 1,605,695 250,000 8,713,645

4,392,400 738,600 151,500 198,900 194,300 547,950 415,900

- 250,000

1,605,695 8,495,245

375,600 -

(115,000) (42,200)

- 218,400

8,713,645

-

2017 8-MonthProposed Budget

4,553,871 1,200,000

167,000 5,920,871

2,899,700 492,000 121,700 137,300 142,425 355,025 258,010

- 167,000

1,200,000 5,773,160

250,400 -

(79,500) (23,189)

- 147,711

5,920,871

-

** Loring Park Campus funded by Vision '22 Near

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2016 Actual

1,605,587 1,605,587

576,821 521,398 196,720 91,450

156,864 51,998

1,595,250

- 10,337

2016 Budget*

1,800,000 1,800,000

590,636 605,656 236,000 123,500 169,708 74,500

1,800,000

- -


1,200,000 1,200,000

355,504 391,577

149,700 61,750

188,969 52,500

1,200,000

- -

2016 Expenses Schedule and2017 Proposed 8-Month Budget SummaryWooddale Worldwide Fund

REVENUEContributions - Unrestricted Total Revenue

EXPENDITURES (see schedules)Developing Godly Leaders Transforming Communities Serving the Least of These #WeAreFor (formerly LOVE IN[DEED])Opportunities from GodMinistry Support Total Expenditures

Net Carryover Spending Budget Income (Loss)

* Used as a basis for 2017 planning

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Worldwide Fund2016 Expenses Schedule and

2017 Proposed 8-Month Budget Summary

Organization

Developing Godly LeadersCamino GlobalCBMC (Christian Business Men’s Connection)CONVERGE (4 global partners)CONVERGE (Bethel University)CONVERGE (National Ministries)Cru (10 global partners)CTEN (fomerly OC International partner)DaystarDOORFaithSearchFrontiers (3 global partners in 2016, 2 in 2017)JSAWCONVERGE North Central (formerly MIBC)National Association of EvangelicalsNavigators (3 global partners)New Horizons (2 global partners) OC International (4 global partners in 2016, 3 in 2017)PioneersRCE internationalReachGlobal (3 global partners in 2016, 1 in 2017)SENDStadium Village ChurchTEAM (2 global partners)Transform MNUnited World MissionWooddale Church - BulgariaWooddale Church Multi Site (formerly Church Planting)Youth for Christ Total Developing Godly Leaders


2016 Actual

10,200 4,800 29,875

10,000 10,000 124,344 21,600 20,000

9,000 5,000 27,450

- 20,000 15,000 33,000 31,800 45,228 12,000

- 30,204 25,800

7,920 49,800 11,000 12,000

- -

10,800 576,821

2016 Budget*

10,200 4,800 29,875

10,000 10,000 124,344 21,600 20,000

9,000 5,000 32,265

- 20,000 15,000 33,000 31,800 45,228 12,000

- 30,204 25,800

7,920 49,800 10,000 12,000 10,000

- 10,800

590,636


6,800 3,200

17,000 5,000 5,000 84,232 14,400 10,000

6,000 2,500

12,800 4,000

10,000 7,500

22,000 22,000 24,872

8,000 4,800 4,800 17,200

- 33,200 5,000 8,000

10,000 -

7,200 355,504

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Transforming CommunitiesCCCC (Conservative Congregational Christian Conf.)ChristarCommon Ground CruEPPICESIFrontiers (2 global partners)GlobeserveGreater Europe MissionHaiti Teen ChallengeNavigators (4 global partners)Navigators/M:MM (3 global partners)Pioneers (2 global partners)Reach BeyondServant PartnersSteiger Ministries (1 global partner in 2016, 2 in 2017)Thai ThaimUrban LifeSourceWooddale Church - Eastern EuropeWooddale Church - HIV/AIDSWooddale Church - IndiaWooddale Church - IndonesiaWooddale Church - Staff TravelWorld Evangelical AllianceWorld VentureWycliffe Bible Translators (3 global partners)

Total Transforming Communities


2016 Actual

5,000 3,520

22,008 4,800

13,200 5,200

19,200 16,500

7,200 -

43,320 46,400 36,900 4,800

12,000 7,200

12,000 4,620 5,000 5,449

112,500 68,000

5,293 4,000

10,080 47,208

521,398

2016 Budget*

5,000 3,520

22,008 4,800

13,200 5,200

19,200 16,500

7,200 -

43,320 46,400 36,900 4,800

12,000 7,200

12,000 4,620 5,000

50,000 142,500 68,000 15,000 4,000

10,080 47,208

605,656


2,500 -

6,672 4,000 8,800 6,200

13,600 11,000

1,800 2,500

28,880 27,600 24,600 4,000 8,000

16,400 12,000

- 2,500

20,000 95,000 45,333 10,000

2,000 6,720

31,472

391,577

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Serving the Least of TheseChristian & Missionary AllianceCommunity Emergency Service*Family Hope Services (TreeHouse)*HeshimaJRG MinistriesMetro Young LifeMN Adult & Teen ChallengePrison FellowshipPROP*QuestscopeShe is SafeSunshine Gospel MinistryTransform MN-New Life Family Services*United World MissionUrban VenturesWooddale Church - Fighting Sex TraffickingWooddale Church - GuatemalaWooddale Church - Prison MinistryWooddale Church - Twin Cities Urban MinistryYouth Investment Foundation Total Serving the Least of These

#WeAreFor (formerly LOVE IN[DEED])Arrive Ministries*Christ for People*Christian Recovery Counseling*Meals on Wheels of Eden Prairie*Minneapolis Recreation Development*Overcomers*Transform MN

2016 Actual

10,800 - -

7,200 4,400

15,000 8,600 2,000

- 12,500 4,800 5,000

- 4,000

15,000 15,000

6,504 3,477

69,240 13,200

196,720

- 5,000

- - - -

7,500

2016 Budget*

10,800 - -

7,200 4,400

15,000 8,600 2,000

- 12,500 4,800 5,000

- 4,000

15,000 15,000 15,000

3,500 100,000

13,200 236,000

- 5,000

- - - -

7,500


7,200 - -

4,800 2,200 7,500 5,000 1,000

- 6,250 3,200 2,500

- 2,000 7,500

13,000 10,000

1,750 67,000 8,800

149,700

- - - - - -

* Used as a basis for 2017 planning *Denotes organizations paid out of Compassion Fund

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Continued on following page



Wooddale Church - Refugee ResettlementWooddale Church - Short Term Ministries-AdultWooddale Church - Short Term Ministries-YouthWorld Relief International Total #WeAreFor

Opportunities from GodOpportunities from God Total Opportunities from God

Ministry SupportWooddale Church - AdministrationWooddale Church - EventsWooddale Church - HonorariaWooddale Church - Missionary CareWooddale Church - Promo MaterialsWooddale Church - Staff TravelWooddale Church - Training Total Ministry Support

Carryover SpendingCarryover Spending from Prior YearsCarryover Spending to Future Years Net Carryover Spending

Total Wooddale Worldwide Budget


2016 Actual

- 3,750

200 75,000 91,450

156,864 156,864

1,568 17,580 2,200 4,522 9,958

16,169 -

51,998

- - -

1,595,250

2016 Budget*

2,000 5,000 4,000

100,000 123,500

169,708 169,708

4,000 25,000

2,500 5,000

12,000 25,000

1,000 74,500

- - -

1,800,000


2,000 3,500 2,500

50,000 61,750

188,969 188,969

4,000 16,000

2,500 5,000 8,000

16,000 1,000

52,500

- - -

1,200,000

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VERSE

“Come, follow me,”Jesus said, “and I will send you out to fish for people.”Matthew 4: 19

2017 CHURCH-WIDE OBJECTIVES

Here Establish a simple but effective discipleship process, which engagesall Wooddalers across all campuses and ministries.

Near Identify a fourth site and recruit the new campus pastor.

Far Plant 750 new churches by September 2017.

and Communicate to the broader congregation and educate them about the consolidated budget recommendation.

PRAYER FOCUS

Pray that Wooddale would follow Jesus, be changed by Jesus and pursue His mission with passion.

LookingForward2017

Documents

Wooddale Church Financial & Decision Supplement...presented 2016 Goals and objectives for approval by the congregation. The congregation approved the 2016 Goals as presented. Pastor