Capital Appeal Financial Subcommittee Report – Submitted by Bob Frymoyer Next meeting on Ongoing. As we move into the final stages of construction, we are increasingly faced with the potential need for borrowing for a period longer than the next few months (current loan balance is approximate $380,000). While revenues continue to be received each month at a reasonable rate ($15,000 for April), we nonetheless continue with an expected shortfall, likely in at least the $200,000 range. We are optimistic that our May “bring us over the finish line to be debt free” initiative, including multi-media efforts, letters to specifically focused congregational groups, and the May 23 Open House, will help to reduce our exposure. We will be in a better position to know after these efforts and thereby the extent to which we will need to address debt service from other revenue sources.
