5.30.20 Financial Update
The Finance Team is monitoring the overall financial position of the church, our projections of annual giving, and revisions to the 2020 spending plan. We will give a mid-year report to the church as of June 30th and will give more details at that time. However, we wanted to share some additional details to the highlights we provided in our recent church announcement videos. Please click on the button below to access the most current update.
5.30.20 FINANCIAL UPDATE
COVID-19 Financial Update
Financial Update
Many people have asked how Broadmoor has been impacted by the COVID-19 pandemic, specifically as it relates to our finances and giving. Members from our Church Council, Finance Team, and Personnel Team have prepared a message that includes a financial update and steps that have been taken to best steward our ministries and our resources. Click HERE to listen.
2020 Ministry Budget
Broadmoor's Finance Team worked diligently to provide their recommendation for our church's 2020 Budget. Consistent with our church bylaws, the budget was approved by the Deacon body on Sunday, February 9, 2020, and was affirmed by our church body Sunday, March 1, 2020.
Download a copy of the 2020 Approved Ministry Budget Below.
2020 MINISTRY Budget
2018 Condensed Financial Audit Statement
Download a current copy of the 2018 Condensed Financial Audit Statement.
For a complete copy of Broadmoor's audited financial statements with accompanying notes, please contact Steve Mulhollen, Executive Pastor of Business Administration at smulhollen@broadmoor.org.
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2017 Condensed Financial Audit Statement
Download a current copy of the 2017 Condensed Financial Audit Statement.
For a complete copy of Broadmoor's audited financial statements with accompanying notes, please contact Steve Mulhollen, Executive Pastor of Business Administration at smulhollen@broadmoor.org.
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2016 Condensed Financial Audit Statement
Download a current copy of the 2016 Condensed Financial Audit Statement.
For a complete copy of Broadmoor's audited financial statements with accompanying notes, please contact Steve Mulhollen, Executive Pastor of Business Administration at smulhollen@broadmoor.org.
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Broadmoor's Accounting Policies and Procedures
This document outlines our accounting policies and serves to provide clarity on financial reporting, clear oversight obligations, and responsibilities of the Executive Pastors, the Finance Team and the Church Council. It defines controls for management of funds at various levels and for purchases, and outlines the budgeting process.
For security purposes, certain sections have been redacted. If you would like a full version of the Accounting Policies and Procedures, please contact Steve Mulhollen, Executive Pastor of Business Administration at 601.898.2345.
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Details: accounting@broadmoor.org
Questions?
Email Steve Mulhollen, smulhollen@broadmoor.org or call 601.898.2345