Funding Approval Vote
Hello AGORA Board Members!
Wow, has the Lord been up to some amazing things at AGORA! We have relaunched all ministries! Youth, kids, Tutoring, Women’s Ministry, Food Ministries have continued. All staff without a biblical education has a 3 hour block on Thursday’s where they are doing their Berean courses and growing in the Word. Tuesday’s from 9-12pm all staff not fully funded has support raising time. Monday’s we do staff meeting and leadership times. We have new staff coming on board, crazy gifted people, and interns in February. The Lord is expanding out tent and influence. All of this is great but what is incredible is the salvations and discipleship we have seen even as we have relaunched. TO GOD BE THE GLORY!!!!
All pictures are from the last two weeks.
Update on funds approved.
We have spent $29,874 of the SBA loan funds. The offices and kids area, office overflow, is complete. We replaced one of the big AC’s compressor and air handler, and we fixed the mini-split leaking issue. We bought furniture, TV’s for meeting spaces, and have done extensive renovations.
The greatest feedback from this is that all our staff meet Monday-Friday and their productivity has increased by a factor of at least 5! Management is better, team is developed, and collaboration being in the office together.
The other BIG TICKET item was the electrical work. The electrical cost was about $5,000. We have to rewire many old wires and make new dedicated circuits for the copier, sound booth and other areas. All electrical issues have now been resolved!
I WOULD LOVE TO GIVE YOU A TOUR IF YOU HAVE TIME, PLEASE LET ME KNOW WHEN YOU HAVE TIME!
Specific Issues Requesting Using Funds
ISSUE 1: A reliable van. We are having major issues with our 15 Passenger van. They are very old and unreliable. We keep putting money into old vans that just keep breaking down. In the last month, 4 times we have been picking up students and the van dies while transporting them. I was about to get a loan to just purchase a van, about $25k with 25,000 miles. Then I realized that we have a 2.75% loan with the SBA and could just use those funds to purchase a van. Then we will make a payment to the SBA account, so pays back the funds in a timely manner, and we will pay less interest. I am requesting to purchase the van outright with some of the SBA money.
ISSUE 2: Staff Housing. Churches and teams have been contacting us in the last month all wanting to come serve with us. They feel most comfortable with service projects, less people to people interaction. I would like to use $5,000 to finish the foundation work and stack the 4 containers we already own. This would allow us by January to have people put their hands on the staff housing project. With hands comes finances and relationships that we believe will help us long term in our mission.
We need funds to complete the project. Please vote to agree (Yes vote) or disagree (No vote) regarding the extra funds. This is a capital improvement expenditure and will not be on going.
SBA Loan Note. The SBA funds are at a 2.75% interest rate, payments do not start until July of 2021, and the payment (if we use the whole $150,000) is only $641 per month.
Please contact me via phone, email, or text if you would like to discuss. Again, I would also be happy to give you an in person, Zoom or FaceTime tour!
Executive Director/ Lead Pastor
CAST YOUR VOTE