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Capital Appeal Financial Advisory | Trinity Camp Hill

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).

By | September 8, 2020 Council Reports

Capital Appeal Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on TBD. There is nothing significant to report since last month. revenues last month were $12,000 whereas the monthly average year to date is $20,000. We will be closely monitoring the upcoming months accordingly.
The Appeal Status Report and update to our Plan of Finance as presented and discussed at last month's Council meeting was distributed through our WEB and various other TLC media outlets.