Once the FMPC completed their work, the church formed the Financial Assessment Committee (FAC) to formulate a financial plan for the undertaking of possible expansion of the Narthex, Sanctuary and educational space.
The FAC’s findings provided the following longterm debt guidelines adopted by Trinity:
- We would pay off all existing debt before financially moving forward with any new building project. (This was completed in March of 2013.)
- The maximum long-term debt would not exceed $3 million.
- The debt service ratio would be maintained at the same percentage of each yearly budget (approximately 12% of each year’s budget).
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