2025 Broadmoor Budget
Thank you for living generously.
Because of your tithes and offerings, the Gospel has changed lives within our church and community. Below is the proposed 2025 Ministry Budget, approved by the Finance Team, Church Council, and Deacon Body. The total 2025 Ministry Budget goal is $8,622,000. Consistent with our Bylaws, there will be an opportunity for questions and comments regarding the budget on February 12th at 6:00pm in Venue 101. Following this opportunity for discussion, the Ministry Budget will be presented to the Broadmoor Family on February 16th, for a vote of affirmation.
How Is My Giving Used?
Giving Options
The Ministry Budget
The Ministry Budget includes all budget line items needed for the day-to-day operation of Broadmoor. This includes individual discipleship ministry budget needs as well as maintenance on our physical facility, personnel salaries and benefits, and operational expenses such as equipment maintenance and replacement, church vehicle maintenance, and internet technology. Consistent with the 2024 Ministry Budget, a portion of the missions budget is contained within the overall 2025 Ministry Budget. We are reserving ten percent of our Ministry Budget in support of the Cooperative Program and Broadmoor Missions. Broadmoor Missions includes support for both Broadmoor’s Mission Partners and SBC Partnerships: International (Lottie Moon), North American (Annie Armstrong), and State Missions (Margaret Lackey). 100% of your tithes and offerings go towards the Ministry Budget, unless you specify otherwise.
Missions Partner Support
Any additional funding for our partners given above your tithes must be designated as “Missions” on your contribution envelope or as designated through online giving. Access to a complete listing of all Broadmoor’s Mission Partners can be found online at www.broadmoor.org/missions.
Debt Service and Cash Reserves
In periods in which Broadmoor is debt free, funds designated for debt service are accounted for as cash reserves. During 2024, Broadmoor borrowed $1,575,000 under our line of credit for the purchase of a building for the Center for Hope and Healing. As of December 31, 2024, the balance borrowed under the line of credit is $847,000. A portion of the Ministry Budget (Operating Budget) goes to principal and interest payments to reduce borrowings under our line of credit. Any additional funding to reduce our line of credit principal balance above your tithes must be designated as “Debt Service” on your contribution envelope or as designated through online giving.
Special Offerings
Periodically throughout the year, we will collect special offerings to support initiatives that Broadmoor has identified as a priority. These include Annie Armstrong, Margaret Lackey, and Lottie Moon. These special offerings are in addition to the amounts included in the Ministry Budget. 100% of the gifts given for these special offerings are directed to support these initiatives.
