The 3-10-10 Action Plan

Our operating expenses are usually 10% more than our operating revenues. This leads to deficits. This “10% Problem” cannot continue indefinitely nor can it be solved overnight. Instead, we need a longer term strategy: the 3-10-10 Action Plan.

Over the next 3 years we will take 10 steps to remove the 10% Problem:

  1. Long Term Plan: Develop an evidence-based, agreed-upon, realistic and financially feasible longer term Plan to guide our program, property and staffing decisions over the short term
  2. Growth: Increase the Parish Roll, the number of envelope givers, the number of pledged donations and the number of givers using Pre-Authorized Debits by 10% by the end of 2009 (versus the number at the end of 2006).
  3. Givings: Provide an exciting vision and relevant facts about our plans and priorities, our associated financial needs and our stewardship policies so that parishioners can make informed and confident decisions about their givings; pray that the message is heard and acted on
  4. Rentals: Boost facility rentals by 10% a year via higher rates and/or greater usage; ask other users of our property to pay their fair share
  5. Fund Raising: Create more fund-raising events that also engage and welcome the community
  6. Capital Campaigns: Mount distinctive campaigns to fund major capital projects (such as a new roof) or to acquire new capital assets (such as computers).
  7. New Activities: Launch new initiatives, projects or programs only if the associated costs are known and there is likely to be no negative impact on the church’s financial situation.
  8. Cost Savings: Trim selected operating costs (such as copying, office supplies, utilities) by 5%.
  9. Enduring Gifts: Establish and implement a Planned Giving Program
  10. Cottage Operating Costs: Develop and implement a plan to eliminate/reduce the net outreach costs of maintaining, insuring, repairing, heating, cleaning and securing the Cottage

Note: Parish Council will work with the Rector and church staff to ensure that the accountability for leading these initiatives is clear and agreed-upon.

Note: Your feedback, questions or ideas about this Action Plan are welcome. Please contact the Treasurer (Ted Semmens Jr: 598 4448; tmsemmens@shaw.ca)

Consider an annuity plan with tax benefits – for more details, contact the finance committee.