In March of this year, COGWA posted that they are looking at building a new auditorium/learning center, something every true Church of God MUST have! Herbert had one and Flurry has one, so why can't we?
They posted this:
Before I conclude this letter, I wanted to give you a brief update on where we are with the potential building of an auditorium on our property here in McKinney, Texas. We are currently in the process of negotiating with three contractors (we began with five) to see if this project will be viable. We were surprised that from the time we began our planning for this potential auditorium, building costs have gone up exponentially, by 50 percent according to some. To be perfectly clear, our goal from the beginning was to pay cash for any new building, or possibly pay mostly cash with a small, short-term loan that could be paid off in two or three years. If we can’t arrive at a price that we can afford, then we will put the project on hold until we have the cash to complete what we started. This should be determined in the next few weeks. At that time, I will meet with the Ministerial Board of Directors, and a decision will be made as to whether we: (1) put the project on hold for possibly another year, (2) cancel the project or (3) go forward with building. The determining factor will be the cost. I will keep everyone informed when a decision is made.
Now three months later, they have decided to delay the builing yet again. They plan on looking at it in January after the elections and to see whether or not we are in the midst of WWIII. Plus, the average age of COGWA members is getting old and money slows down at that point.
One of our options for this project has always been to delay. With that in mind, during a recent meeting of the administration and the Ministerial Board of Directors, a unanimous decision was reached to delay any building until at least January 2025. Here are the reasons that were discussed for such a delay:
- Economic conditions. There is uncertainty about the future of the U.S. economy. We should have more clarity by waiting until the end of this fiscal year (December 2024).
- Contentious U.S. presidential election. While one can say that this happens every four years, I don’t believe this year’s election will be typical of the past. This won’t be a normal election and could further divide our nation, creating more economic uncertainty.
- Building costs. The cost of construction rose by more than 50 percent in 2023, but the general consensus is that the overall cost of construction (labor and materials) will drop by the end of 2024. We have already seen a decrease in some prices this year, but there are certainly no guarantees that this will be true at the end of this year.
- New budget year. In December of 2024, the MBOD will approve a budget for the fiscal year 2025. Some important facts will be known by that time that are not known at the present time. What will our budget priorities be for 2025? What will our total income be in 2024? (Currently our income is ahead of last year and above budget projections.)
It isn’t because of a lack of funds that we are making the decision to delay. The Church is in an excellent financial position with the capacity to build an education center with cash, and without affecting the annual operation of the Church or our efforts to preach the gospel. The reality, of course, is that once funds are expended, they are gone and no longer available for other projects. During this recent MBOD meeting, we asked ourselves if we are willing to spend funds at the present time or if we should wait an additional seven months in order to analyze economic conditions and the future needs of the Church. The administration and MBOD unanimously concluded that it would be better to wait until January 2025 to make that decision.
In addition to the points mentioned above, there is another consideration that cannot be ignored. Because of the inevitable factor of age, it is obvious to all of us that within the next five to 10 years we will be losing some of our best teachers and pastors to retirement. How we will replace them is on my mind continuously. An education center may not be absolutely essential at this time, but I believe it would benefit our current education and leadership development programs and any new ones we choose to develop for the future. These programs will be essential for the future of the Church and must be given high priority.
Thank you for your support and patience as we work through all these details. Please continue to pray for this important decision for the future of the Church. We are a work of faith and we depend on God to take care of us, but we want to do our part in gathering facts and making the best decisions for the future based on those facts.