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Capital Appeal Financial Advisory | Trinity Camp Hill

By | January 9, 2024 Council Reports

Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on none scheduled. WE ARE DEBT FREE!

No balance due on loan after December donations.
$3,834 in December capital development giving, including fulfillment of some pledges.
$3,504 is 12/31/23 balance in set aside capital development to attend to future needs.
Additional giving to be placed the the fund.
We will review end of year giving and acknowledges will be made.
We will review overall pledging an d giving performance as a guide to future appeals.

By | December 12, 2023 Council Reports

Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on ?. SUCCESS…..We will meet our goal of being debt free by the end of the year. The loan balance of was $234 as of November 30. Last month’s receipts were over $3200. Yeah to all and especially to our continuing and generous givers.
Continued contributions will accumulate for future capital development needs.
We will review 2023 to assure that we are acknowledging giving.
We will conduct a summary analysis on overall performance, including pledged and non-pledged giving during January.

By | February 14, 2023 Council Reports

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.

By | January 10, 2023 Council Reports

Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on ??. Daryl Ackerman's report contains the financial for December for our appeal. In summation….
– Giving was Approx. $6,000 in December. Some members continue to donate above and beyond the pledges;
– After January's loan payment, our loan with S&T bank is around $43,000;
– Finance Committee last week voted to pay off our bank loan
and borrow from ourselves from Quasi-Endowment fund,
thereby saving interest monies in 2023.
– We expect our loan to be repaid to be repaid by the end of \
this year with waning contributions as the year goes on.
We sent out thank you letters to donors who gave in $500 or more during the later half of 2022 and expect to do the same this year. (Such letters may actually stimulate more giving, but we certainly are appreciative of the generous contributions received.)

By | June 14, 2022 Council Reports

Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on ??. CONTINUED GOOD NEWS!
Contributions to our appeal were $5750 in MAY, resulting in our paying an additional $2400 toward loan reduction above our regular $4100 payment. As a result, our loan balance as of this week is $88,400.
We will be re-contacting a small number of larger pledgers who have not completed their giving.
With continued monthly receipts we should be in a position not to have to include loan payments in next year’s operating budget.

By | April 12, 2022 Council Reports

Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on Tbd. Yeah….our appeal loan balance is under $100,000! Thank you to all who continue to give with their pledge fulfillment and beyond, completion of a major pledge, and an anonymous donation part of which the Finance Committee directed to be used to reduce out loan amount. ( We placed a mention of the threshold in Sunday bull items and on our web to celebrate and to encourage giving.)

By | November 9, 2021 Council Reports

Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on Tbd. Summary of October
1) receipts of $37,800 plus transfer of $2600 unused and remaining of campaign expenses (includes a single pledged $30,000 payment). Other member receipts totaled $7,600.
2) $45,000 Appeal fund balance as of October 31
3). $63,000 in outstanding pledges of which roughly $50,000 can be expected, likely approximately $ 15,000 for the remainder of this year.
4) Finance Committee action to apply an additional $10,000 from Ron Katzman estate to be applied in November.
5) how and when to repay our $84,000 in internal loans (35,000 from budget positive cash) to be determined.
6) $191,000 external bank loan remains with $4100 in monthly debt service payment .
7) need to determine how much of 2022 budget receipts need to be applied to debt service.
4).