Budget
Hey, Canaan!
The Lord has continued to be so kind and gracious to us as a church family!
Thanks to the Lord and to your incredible generosity, we were able to have another fantastic year in 2024!
We see all of our campuses strengthening, we now have well over 60 church plants globally and the ministries of Canaan continue to expand here locally and abroad! All of this, and we’re still able to say we’re debt-free!
Thank you, Canaan! I am very thankful for those on our finance team along with Pastor Mike Self who have worked hard to prepare the 2025 budget. I also thank all the ministry team leaders who all demonstrated such a kingdom mindset and team spirit to make this a great budget for our church family!
It is such a pleasure to serve the Lord and YOU here at Canaan! I am excited about what the Lord has for us in 2025. Let’s continue to pursue His vision for us TOGETHER!
Blessings,
Pastor Daniel Carr
Business Meeting
Members should carefully review the proposed budget and come prepared to vote at 6:30pm on Wednesday, November 20, at Oakville.
The 2025 budget vote will be part of the Thanksgiving Service*. The business portion of the service will only be a vote. All budget questions should be asked at a Town Hall Q&A. *Thanksgiving meal begins serving at 5:30pm.
Town Hall Q&A’s
Any questions about the proposed budget for 2025 should be asked at one of the Town Hall Q&A meetings below:
November 3, 12pm at Windsor
November 10, 12pm at Webster
November 17, 5pm at Oakville
2025 Budget Proposal
TOTAL BUDGET: $2.21 MILLION
The 2024 budget was $2,009,503
Questions or concerns regarding the proposed budget? Contact the church office prior to the business meeting on November 20. Detailed copies of the proposed 2025 budget available from the office by request.
PERSONNEL
$1,023,165
Percent of Total: 46.25%
Goal: 55%
Includes all salaries for paid staff (pastors, support staff, interns, short-term contract personnel, etc.), health insurance, housing allowances, taxes, retirement, dental reimbursements, and other reimbursable pastoral expenses. This category is overseen by the Personnel Committee.
FACILITIES
$708,734
Percent of Total: 32.04%
Goal: 20%
Includes insurance, utilities, building equipment, custodial team, repair and maintenance, housekeeping supplies, building improvements, security and fire protection, sanitation, snow removal, telephone and internet services, and grounds and landscaping maintenance. This category is overseen by the Building and Grounds Committee.
MINISTRIES & MISSIONS
$371,531
Percent of Total: 16.80%
Goal: 20%
Includes funding our discipleship ministries, outreach events, children and student ministries, and our missions giving locally and abroad. This does NOT include our Great Commission Offering (GCO).
This category is overseen by the Pastoral Staff & Ministry Team Leaders.
ADMINISTRATION
$108,550
Percent of Total: 4.91%
Goal: 5%
Includes advertising and promo materials, background checks, bank fees, duplicating expenses, information technology equipment and software, our church database, ministry materials, offering envelopes, office supplies, payroll processing expenses, and postage. This category is overseen by the Staff.
2025 Projections
Projected Expenses
by Campus & Central Services
| Oakville | $1,325,781 | 59.94% |
| Webster | $246,290 | 11.13% |
| Windsor | $261,205 | 11.81% |
| Central | $378,704 | 17.12% |
| TOTAL | $2,211,980 | 100.00% |
| Tithes & Offerings | $2,048,000 |
| Interest Income | $35,000 |
| Facility Rental | $60,000 |
| NAMB/Nepali Campus | $66,000 |
| Building Use | $3,000 |
| TOTAL | $2,212,000 |
Total Projected Income
Projected Income
by Campus
| Oakville | $1,759,000 | 79.52% |
| Webster | $182,500 | 8.25% |
| Windsor | $270,500 | 12.23% |
| TOTAL | $2,212,000 | 100.00% |
From the Finance Team
Nathan Franklin (chairman), Austin Meador (treasurer), Julie Baskin, Chuck Easter, Bruce Klaverkamp, Becky Krupski, Junior Theolus
Finance team members are recommended by the Nominating Committee and have a background in and good understanding of finances.
All praise to God for His continued blessings on Canaan Baptist Church! The finance team presents a 2025 budget that includes the operations of all three campuses, plus expenses designated as “Central Services” which benefit our entire church body.
The faithful giving of God’s people at Canaan has allowed for a budget designed to accommodate further growth of our mission to spread the gospel and reach more people for Christ.
The budget process begins in July, when ministry and committee leaders submit requests for the upcoming year. Throughout August, the finance team and the pastoral staff work with leaders to ensure all requests align with our church’s unified goals and objectives.
For the past several years, actual results have exceeded budgeted expectations because of Canaan’s generosity. This will allow us to use surpluses generated in 2023 and 2024 to fund next year’s capital improvement projects, thereby balancing the 2025 budget.
We are flawed people using imperfect information to prepare a budget that cannot predict the future. God is the author of our financial story, and we thank Him for His loving provision as we seek to spend His resources according to His will. The budget was unanimously approved by the finance team in late September and is now ready to be shared with the church.