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