Report of the Executive Director of Operations

Brother Deangelo Hall

What a time to be alive! God continues to bless FIBC.

FIBC had a strong financial year coming in at $1,769,137.51 just $31,862.49 shy of our targeted budget of $1.8 million dollars. Expenses were managed very well even though we encountered some very large unexpected expenses such as the Hope Cents A/C unit which cost the church $112k dollars. As the church continues to age, more much needed repairs and replacement will be needed. With your continued faithfulness in your giving, I believe we be able to accomplish these things.

We want to thank the Jack B. Kinsinger and Gladys Styles Kinsinger Revocable Trust for their expected generous gift of over $100,000 to FiBC. We are due to receive their gift sometime this year.

We are continuing to SHIFT into the 21st century with upgrading our systems and technology here at FiBC. We now have a fully integrated web-based accounting system that seamlessly connects with our payroll system and soon our online giving platform. Making this shift allows staff to be more efficient and for us to have up-to-date real-time financial reports. We are moving forward with shifting our requestion request form online.

Our Budget for 2023 is $1,740,000.

2023 Goals 1. Shift to our digital document storage (SharePoint). 2. Reduce the amount of paper we use. 3. Rental usage of the gym to basketball club team. 4. Campus improvements. 5. Improve our space usage process.

Respectfully submitted,

Deangelo Hall