Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on ?. The S&T bank loan has been closed and remaining balance borrowed from quasi-endowment fund per last month's actions, leaving a remaining balance of approximately $36,000.
Giving toward the appeal was $4,800 in January, a reduction from previous months. Roughly $2,000 of this amount was from non-pledgers. Best quesstimates of additional dollars to be received form the$30,.000 in remaining outstanding pledges is roughly $10,000, thus indicating our need to rely on non-p;ledges giving to rid ourselves of our debt for this project.