Summary in the Past 3 years

Beginning Balance in January 2007             P  463,527.87 
Total Balance end of 2007                         P 2,652,931.88  (+ P2.2M)
Total Balance end of 2008                         P 5,555,797.09  (+ P2.9M)
Total Balance as of Sept 13 2009             P 8,806,055.35  (+ P3.2M)  
                With P 225T net proceeds from our initial fund-raising project Noah last September  5
                We now have  P 9.030 M Pesos  in our Lot & Bldg Fund

COUNCIL  DECISIONS LAST SEPT 13,2009 RE: MOVING OUT OF SHANGRILA
Question # 1 - Are we moving to the new property at 158 Shaw Blvd. Corner Old Wack-wack Road, Mandaluyong City?
YES!  It is a much bigger area, 1,370 sq. meters   compared to about 400 sq.ms. in Shangri-La. We are more visible and accessible, have more opportunities for growth and community impact.

Cost-Comparison between Shangri-La and Shaw Venue (Monthly by January 2010)

                Items                                                                                       Shangri-La                           Shaw
               Area size                                                                                      400 sq.m.                   1,370 sq.m.

1. Monthly Rental                                                                   246,694.99               200,000
2. Monthly CUSA                                                                    56,867.40              -
3. VAT/ET per month                                                             39,325.53                 24,000
4. Others (dues/guard)                                                            5,650.43                 30,000

                                                                Rental expense/month   P 348,538.35         P   254,000
Difference P 94,538/mo x 12 months =   P1.134M (2010)
Difference P118,810/mo x 12 months =  P1.435M (2014)

Question # 1 - Are we moving to the new property at 158 Shaw Blvd. corner Old Wack-wack Road, Mandaluyong City?

Bigger space, more opportunities for growth, have enough children and fellowship area
More visible and accessible area to everyone
Compared to Shang, save about P6M in 5 yrs
Church is now more community based

Question # 2 – How much money are we going to spend for renovation of the new place, good initially for 5 years?

ANSWER – Maximum of P3M (about ½ of the projected savings from 2010-2014)

Basic minimum: Expand display area for bigger sanctuary, additional rooms for children, restrooms and offices?

Question # 3 – Where do we get the money for renovation? What if P3M is not enough?
ANSWER –
                1.  P .5M  - from the difference between deposits from Shang and Cityland  Shaw Tower Office
                2. P 2.5M – from Lot and Building Fund
3. Others - Shang Assets & donations

Challenges when we move to 158 Shaw Blvd corner  Old Wack-wack Road,  Mandaluyong City:

1. We will take over on Nov. 15, renovation period starts  Nov. 15 – Dec. 31 (free rental).  We will stay in Shang until December 2009.  Dismantling and moving inconveniences .

2. We will have new adjustments in terms of traffic and parking. We’ll miss convenience and comforts of centralized aircon and restaurants.

1. We hope all our members will go when we move. In the past, we lost some people when we transferred venue.
2. UPDATES
   The contract between Ford and Breadcom has been signed last month. We will move in and start renovation on Nov 15 – Dec 31, 2009
3. Haggai Committee members are now making the design, planning and costing for the renovation. Let us pray for them and the securing of government permits.
4. We hope to celebrate our 10th year anniversary in the new venue on Dec 20, 2009 and inaugurate it on January, 2010. Let us pray.

4.  We hope to see God accomplish His great purpose for Breadcom in the years to come.

see photos of breadcom's new venue