Capital development financial advisory Report – Submitted by Bob frymoyer Next meeting on ??. Pleas refer to last moth’s report. Update is we had receipts of $2800 in September continuing trend of reduced giving monthly, but the balance of $6900 should be paid off by the end of the year. Continued giving to capital development will grow our reserve fund for future capital use.
Capital Development Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on ?. Capital campaign giving continued during March, but at a reduced level ($3342) as expected due to more pledges being fulfilled. Importantly, however, numerous members continue to contribute above their pledged amounts or independent of pledges which helps to bring down our loan balance payable to our quasi-endowment fund of $28,807 as of March 31. (We still have capital project debt in large part due to certain pledges not being realized.)
Capital Development Financial Advisory Report – Submitted by Bob Frymoyer Next meeting on tbd. Giving to "Honor Our Past, Plan Our Future" continues despite shutdown, although noticeably at reduced levels. April realized $16,300 (slightly more than half of first quarter monthly giving).
Total pledges $1,284,000 have increased only incidentally in 2020; non-pledged giving of $97,000 continues in a slow but steady fashion. To date we have receipted $869,000 from all giving to the campaign. Fund balance stands at $531,000 as of May 31, with $12,000 in disbursements (architect) for the month.
Giving performance compared to our adopted "Plan of Finance" appears cautiously optimistic; our budgeted contingency is now down to $33,000.
A full report of giving by category against the Plan of Finance budget will be developed through June 30 and reported next month.
