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This following contains all of the financial reporting forms you will need to obtain financial approval and sanction for your project. In addition to the forms and schedules you will need to complete, we have taken the liberty to also include a completed sample to help you. A common question we often receive is if there is a specifc formula we use to grant financial approval. The answer is no. We judge every project seperately. Our philosophy is that we focus on the cash flow as it relates to your projects debt service. We also take into consideration the costs involved with maintaining a new or larger facility and the costs associated with moving your ministry forward. (Quick
Graph) One rule of thumb we do use is called the Debt Service Coverage
Ratio. Basically, what this means is we expect $1.15 for every $1.00
of debt payment. For example, if your mortgage or debt service payment
is $1,000, we expect $1,150 to cover that expense.
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