Dear Church Family,

God blesses us when He gives us the opportunity to be a part of something that has a positive impact on others. He has blessed us in the prior three years with our "Make the Connection" stewardship program. We have seen His blessing both as a congregation and in our individual lives, as we have seen Him build a beautiful new facility at the same time He was showing us His faithfulness as we submitted to Him in stewardship. Once again, He is giving us just such an opportunity through our "On This ROC" campaign. As we focus on this season of opportunity, we need to reflect on the blessings of God in our lives and in the life of our church. We cannot help but feel a sense of profound gratitude. We praise Him for what He has already accomplished and we look forward with anticipation as God continues to change lives through His church.

I am confident that as a result of our "On This ROC" campaign, lives will be changed through the ministry opportunities that arise. With the success of this endeavor, we will be able to effectively broaden our ministries, provide additional programming for spiritual nurturing, and increase our support to missions, both here and abroad. "On This ROC" is a grat challenge and I am grateful that God has brought us to this day and time in our ministry.

"On This ROC" challenges us to do the extraordinary, to give sacrificially, over and above our current giving, for three years. It focuses on the individual's willingness to respond to God's goodness with a sacrifice of gratitude. Each of us is asked to fervently pray, to earnestly seek God's will, and to give specifically and sacrificially as we feel directly led by Him. I genuinely believe the people of Parkside Baptist Church are ready for the challenge that this campaing offers. Let each of us enter into a time of prayerfully trusting in God.

Please examine this beautiful brochure carefully. With joyful gratitude and an expectancy born of faith, I ask you to thoughtfully and prayerfully consider your part. What is given is a personal decision between individuals and God. What we accomplish together will benefit many. May the Lord bless you for all that you mean to Him and His church and may He glorify Himself through the days ahead.

In His Love,

Chet Haney
Pastor

On This ROC Brochure

Frequently Asked Questions Brochure

ANSWERS TO FREQUENTLY ASKED FINANCIAL QUESTIONS CONCERNING THE RECREATION OUTREACH CENTER (ROC)

What was the result of the "Make the Connection" campaign?

The "Make the Connection" stewardship campaign, which began November 12, 2006, resulted in pledges of almost $2.8 million to be collected over a three-year period ending November 12, 2009.

What did the Church approve as the estimated cost?

On November 9, 2008, the Church approved the construction of the Recreation Outreach Center at an estimated cost of $6.15 million, fully furnished.

Why did the Church not wait to build debt free?

It is difficult to sustain the giving to a captial campaign that has no specific time-table for construction to begin, but more importantly, it delays the ministry to our members and to the lost in our community that this building will provide. Another strong reason not to delay construction is the continual rise in construction costs.

Why do we need a second capital stewardship camaign?

The easy answer to that question is that we have to pay for the building. However, the Church realized at the outset that unless God chose to provide the total resources during the first campaign, we would have to enter into a permanent loan at the completion of the building. The campaign leaders and the church staff met with Jim Sanderson of RSI, our capital campaign stewardship partner, to determine the best way to fund the permanent loan. The two choices were to extend the first campaign or to enter into a completely new campaing. Since we have had a large number of new members join our church over the last three years, and our focus is now changing from "building a building" to "building a ministry" it was determined that a second campaign was the best approach.

Why are our campaigns set for three-year terms?

It is difficult for people to plan and budget over long periods of time. Three years is long enough to allow people to spread out their contributions to the campaign, but it is short enough so that the contribution does not become a burden should unforseen changes occur in their lives.

What is the estimate of the permanent loan amount and the monthly payment required?

At this stage of construction, the Finance Committee would estimate the permanent loan to be between $3 and $3.5 million. The loan would be a variable rate loan that adjusts every 5 years with a minimum interest rate of 4.75% and a maximum of 7.75%. The monthly payment will be based on an amortization period of 25 years, and the minimum and maximum interest rates would apply throughout the entire amortization period. The monthly payments for a $3 million loan would be between $17,200 and $22,700. The monthly payments for a $3.5 million loan would be between $20,000 and $26,500.

How will the loan payment impact our 2010 and future budgets?

Since 1989, the Church has made a monthly payment to our building fund. At the present time that payment is $12,500, and will remain that amount for the forseeable future. In the years the Church had a building loan, the amount from the budget was used as part of the loan payment. In years when we were debt free, the payment went to the building fund account and was designated for future building needs. We will continue to pay all campaign contributions receieved each month, along with the budget amount on the loan, to prepay principal and save interest paid over the term of the loan.

What is the effect of a second campaign on our annual budget?

It is always hard to predict what impact a capital campaign might have on a church's annual budget, but if Parkside Baptist Church's history holds true, there will be little, if any, impact on our Church's budget. We have had very few, if any, months without contributions being made to our building fund since we moved into our present location in October 1988. This was true even in times when there was no construction being planned and there was no pledge drive in process.

The Finance Committee realizes that we may have overlooked some financial questions you may have regarding our Recreation Outreach Center (ROC). However, any member of our committee will be happy to visit with you and answer any questions you may have.

Respectfully submitted,

Parkside Baptist Church Finance Committee

Ron Bostwick, Chairman