BOARD OF MISSION AND RESOURCING
GRANTS AND LOANS COMMITTEE
LOANAPPLICATION FORM
The attached application form is for the following:
(a)Bridging loans;
(b)Development Fund General loans;
(c)Earmarked loans;
(d)Special Assistance Plan (SAP) loans;
(e)Interest Free loans.
Please read notes below before completing the attached application form. Any queries may be directedto Natalie Brown (phone 9251 5420 or email ).
This form is available from the Uniting Church (BOMAR) website Ideally, after downloading, the form should be saved and the necessary information inserted electronically. Once completed, the necessary church council and presbytery approvals must be obtained. Please do not send copies to the Grants and Loans Committee prior to obtaining these approvals. Sending unapproved applications does not reduce the time taken to process applications as unapproved applications will be returned.
AFTER APPROVAL BY YOUR PRESBYTERY, THE COMPLETED AND APPROVED FORM SHOULD BE SENT TO:
The Secretary
Board of Mission and Resourcing
130 Little Collins Street
MELBOURNE3000
Notes on completing this form
1All applications MUST have the approval of Presbytery or (where appropriate) UnitingCare.
2ALL sections of the application form relevant to your organisation must be completed. Incomplete applications or those applications not approved by Presbytery,cannot be considered by the Grants and Loans Committee and will be returned to the applicant.
3There are a number of different types of loans available with varying interest rates and criteria. They are as follows (as at 1/2/09):
(a)Bridging loans
Development Fund bridging loans are available where a congregation or agency need finance to purchase a new building (eg manse) or subdivide a property, and are awaiting the settlement of an existing building (eg manse) or the sale of the subdivided land.
Variable interest rate:5.75% per annum
Term:Usually 1 year
(b)Development Fund General loans
1
Loan Application Form – Revised May 2006 / - -Development Fund General loans may be approved for capital works including the purchase of land, construction of new buildings such as church centres, manses and halls, or the purchase of equipment.
Variable interest rate:5.25% per annum
Term:Usually up to 15 years
(c)Earmarked loans
Any UnitingChurch presbytery, congregation, organisation or person may deposit money into the Development Fund and earmark it for their own organisation’s project. These deposits are maintained in the name of the depositor; however an organisation may then have a loan approved for an amount up to the combined total of deposits for any authorised project. As such, the amounts deposited represent collateral, with and must be maintained at the agreed level. Any diminution of the collateral must be made good, either by the organisation arranging for additional deposits or by applying for a Development Fund loan.
Variable interest rate:4.25% per annum
Term:Usually up to 15 years
(d)Special Assistance Plan loans (SAP)
Special Assistance Plan loans are specifically for capital works for UCA organisations which have earmarked deposits in the Development Fund. Any UCA presbytery, congregation, organisation or person may deposit money into the Development Fund and earmark it for their own organisation’s project. These deposits are maintained in the name of the depositor, however an organisation may then have a loan approved for an amount up to the combined total of deposits for any authorised project. As such, the amounts deposited represent collateral, with and must be maintained at the agreed level. Any diminution of the collateral must be made good, either by the organisation arranging for additional deposits or by applying for a Development Fund loan.
Depositors forego the interest on their investment and that interest is offset against the interest expense on the loan. The borrowing organisation will only be required to pay interest at a rate of one percent.
Fixed interest rate:1.0%
Term:Usually up to 10 years
(e)Interest Free loans
Interest Free loans of up to $20,000 may be made available only to congregations with limited financial resources who need financial assistance with the purchase of equipment and/or for operating costs including repairs and maintenance. A small monthly fee (1.0% p.a.) is charged for this service.
Limit:$20,000
Term:Up to 10 years
4Loan Repayments
The term of the loan and the repayment schedule will vary according to each individual loan.
Repayments are made on a monthly basis by direct debit and commence when the loan has been fully drawn.
The repayments for Bridging Loans are made on an annual basis (including accrued interest), or following the settlement of the property against which the loan was made.
The borrower must be able to demonstrate, in this application, that it can service and repay its loan(s) in accordance with the repayment schedule.
5The attached application form is in five sections as follows:
Section A-applicant and funding details;
Section B-purpose of loan
Section Ccurrent financial details;
Section D-general information;
Section Eapprovals required.
UnitingCare agencies do not need to complete questions 1, 2, 3 and 4 of Section C. However they will need to clearly articulate the relationship between the agency and the local congregation(s) and the relationship between the agency and the relevant Presbytery.
Please note that further information on financial matters is available in the Resource Manual that provides information on BOMAR proposals, planning a building project, buying, selling or leasing UC property, insurance, the Development Fund, the UCA Cash Management Fund and other useful information. The Resource Manual is available to all congregations for $15 (photocopying costs) plus $5.00 postage. A copy can be obtained from the Mission Participation Unit on 9251 5258.
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Loan Application Form – Revised May 2006 / - -SECTION A – APPLICANT AND REQUEST DETAILS
1 / APPLICANT
Congregation or Organisation:
Presbytery:
Date:
2 / LOAN(S) REQUESTED
Type / Amount Requested / Please specify what funds will be used for loan repayments
Bridging Loan: / $
Development Fund General Loan: / $
Earmarked Loan: / $
Special Assistance Plan (SAP) Loan: / $
Interest: / $
- May include Property sales proceeds, fundraising or congregational funds etc.
3 / TOTAL FINANCE FOR PROJECT
SOURCE / TOTALS
Requested loan: / $
Congregation funds (on hand): / $
Bequests: / $
Fundraising:
(please attach fundraising plan) / $
Estimated future Property Sale Proceeds:
(Please specify property) / $
Other:
(Please specify) / $
TOTAL COST OF PROJECT: / $
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Loan Application Form – Revised May 2006 / - -SECTION B – PURPOSE OF LOAN
Please provide details of the purpose of the loan by completing
the appropriate section below.
4 / PURCHASE OF PROPERTY(a) / Purchase of:
(Please circle) / Church / Manse / Land / Other
(b) / Total value of property: / $
(c) / Address of property:
(d) / Reason for purchase:
(e) / Have you submitted an “Application for Purchase” form to the Property Board? (please circle) / Yes / No
5 / PURCHASE OF PROPERTY
(New building or extension/renovation)
(a) / This project is to:
(Please circle) / Build / Renovate / Extend
(b) / Project Type: / Church / Manse / Land / Other
(c) / Total value of property: / $
(d) / Address of property:
(e) / Reason for purchase:
(f) / Have you submitted an “Application for Purchase” form to the Property Board? (please circle) / Yes / No
6 / PURCHASE OF EQUIPMENT
(a) / Total value of equipment: / $
(b) / Reason for purchase:
1
Loan Application Form – Revised May 2006 / - -SECTION C – CURRENT FINANCIAL SITUATION
7 / PLANNED GIVING
(a) / How many systematic enveloped are currently in use?
(b) / What is the date of last professionally conducted planned giving program?
8 / CONGREGATION STATISTICS
2005 / 2006 / 2007 / 2008 / 2009
Estimate
Average at worship
Number of families
Confirmed members
Total children and youth ministry
9 / CURRENT CONGREGATIONAL AGE PROFILE
Age Group / Members / Attendees
(Non Members) / Total / Any Comments
0-9 years
10-19 years
20-29 years
40-49 years
50-59 years
60-69 years
70+
NB. If members/attendees are irregular, assess it on a monthly basis
10 / CENSUS(a) / Total population in area by most recent Census
(b) / How many of this total population are UC nominal’s according to the most recent Census?
(Census figures are available from the Australian Bureau of Statistics website at
11 / PROPERTY(Please list details of property rented to generate operating income for congregation)
Property / Lease/Rented / Income / Proposed Future
1P
2P
3P
4P
12 / SUMMARY OF CURRENT CASH POSITION
(a) / Credit Funds / $
Development Fund:
UCA Funds Cash Management Fund:
UCA Balanced Growth Fund:
Building/maintenance account(s):
Trusts and Bequests (Tied):
Trusts and Bequests (Untied):
Other investments (include bank credit):
TOTAL
(b) / Debts Owing / $
Development Fund:
Bank:
Other (please specify):
13 / FINANCIAL STATEMENTS AND FORECASTS
Please attach financial statements for the last three years and forecasts for the next three years.
Include proposed loan repayments in forecast.
14 / TREASURER CONTACT DETAILSName: (please print)
Address:
Post code
Email:
Tel: / bh / ah / Mob
Date:
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Loan Application Form – Revised May 2006 / - -SECTION D – GENERAL INFORMATION
15 / THE MISSION
How will these additional funds enhance/expand your participation in God’s action in the world?
16 / LOCAL UCA ACTIVITIES
Agency, School, Drop-in-Centre, Other
17 / THE COMMUNITY
(Please circle as appropriate)
Type of area: /
Remote
/Rural
/Suburban
New housing area: / Yes / NoCongregation numbers:
(average at worship) / 1 – 40 / 41 – 100 / 100 – 150 / 150 plus
Population of area: / Less than 5,000 / 5,000 – 10,000 / 10,000 – 15,000 / 15,000 plus
Ethnic population: / Less than 15% / 15% - 35% / 35% - 50 % / More than 50%
Other local churches:
(all denominations) /
1
/2
/3
/4
Local community centre: /Yes
/No
Local primary school: /Yes
/No
Local secondary college: /Yes
/No
18 / PRESBYTERY COMMENTS1
Loan Application Form – Revised May 2006 / - -SECTION E - APPROVALS
19 / LOAN REQUEST
20 / APPLICANT CONTACT DETAILS AND SIGNATURES
(Please note, all correspondence will be forwarded to the person named in this box)
Submitted to: / Church Council at its meeting of:
Signed: / Position:
Name: (please print)
Address:
Post code
Email:
Tel: / bh / ah / Mob
Date:
21 / PRESBYTERY SIGNATURES
Submitted to: / Presbytery at its meeting of:
Signed: / Position:
Name: (please print)
Address:
Post code
Email:
Tel: / bh / ah / Mob
Date:
22 / UNITINGCARE SIGNATURES (where appropriate)
Signed: / Position:
Name (please print)
Address
Post code
Tel / bh / ah / Mob
Date
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Loan Application Form – Revised May 2006 / - -The Uniting Church in Australia (Synod of Victoria and Tasmania)
BOMAR
Privacy Policy Statement
The UnitingChurch in Australia Synod of Victoria (UCA) acknowledges and respects the privacy of all individuals. We support and endorse the National Privacy Principles contained in the Privacy Amendment (Private Sector) Act 2000 and will comply with these principles whenever personal information as defined by the Act is collected by us.
BOMARis part of the UCA and its purpose is to facilitate mission and ministry. BOMAR conducts its activities and functions in accordance with the National Privacy Principles as follows:
Collection and use of personal information / Personal information is collected and used by the unit for the purpose of
processing submissions to BOMAR;
communicating BOMAR decisions and policies to UCA presbyteries, congregations and agencies.
Disclosure of personal information / Personal information will only be disclosed to those conducting the business of BOMAR including Synod staff, BOMAR members and office bearers of the relevant presbytery, congregation or agency.
We will not disclose your personal information to a third party without your consent.
Your access / Should you wish to access our records of your personal information we will arrange it within 14 days of your written request. An administration fee of $10.00 applies.
Accuracy, up to date / We will record your information accurately and update it in our records on receipt of your written advice.
Destruction of unnecessary personal information / We conduct a review of our personal information records in January each year and remove any personal information that is no longer required.
Protection of personal information / We protect your personal information from
improper use;
unauthorised access;
alteration;
accidental destruction or loss
by restricting access to our files and database to staff responsible for conducting the business of BOMAR including the BOMAR Administration Unit, the Mission and Resource Development Unit, Accounting Services, the Property Board, the UCA Legal Office, UCA Funds Management and the UCA auditors;
Contact details / We ensure that we provide the name of our organisation and our contact details whenever we collect personal information.
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Loan Application Form – Revised May 2006 / - -