report of the treasurer david washburn. baptist extension board as of march 31, 2014 81 outstanding...
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REPORT OF THE TREASURERDavid Washburn
BAPTIST EXTENSION BOARDas of March 31, 2014
• 81 Outstanding Loans $16,263,416
• Available Funds to Lend $6,092,872
• 8 Loans Approved in 2013 $2,862,232
2013 YEAR END SUMMARY
Cooperative Missions Contributions $11,455,256(94.7% of $12,100,000)
Virginia Baptist Mission Board $6,934,733 (61%)
Virginia Baptist Agencies & Institutions $849,565 (7%)
World Missions Causes $3,670,958 (32%)
Designated Offerings $5,675,495
Total Contributions $17,130,751
1,125 of the 1,392 BGAV churches contributed in 2013
1ST QUARTER SUMMARY & COMPARISON
2013 2014 % Change
Cooperative Missions Contributions $2,325,926 $2,405,062 3.40%
Designated Offerings $1,752,019 $2,172,492 24.00%
Total Contributions $4,077,945 $4,577,554 12.25%
• Our 2014 Cooperative Missions Budget is $12,214,000 or $3,053,500 per quarter
• Our 1st quarter contributions of $2,405,062, represent 78.76% of first quarter requirements
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