Sunday 30th May - a great day!!!
We presented the financial plans to the congregation.
The building which we are going to build is not going to cost R17 million (November 2008), or R8.2 million (March 2010), but R3,125,000.
That last figure represents R2.8 million to complete the building, and R325,000 to equip it with all the extras - media, sound, carpets, kitchen fittings, landscaping etc.
How do we fund it?
We have R2.2 million in the bank, and
We can recall a loan we made to the Diocese of R170,000
Total - R2,370,000 cash in hand
We need to raise R430,000 to complete the building, and then the R325,000 for the extras.
The 'praising God' good news is that a parishioner has underwritten the R430,000!
Now we prepare the final building and financial motivations for the Diocesan Trustees. They have to be in on this Friday - 4th June for the Diocesan Planning Committee meeting (on 09 June 2010), and the Diocesan Trustees meeting (on 17 June 2010).
Subscribe to:
Post Comments (Atom)
1 comment:
What exciting good news that we have the money underwritten! It shows a confidence inthis building project. I love your blog. It is a good thing that when we are away from church for a sunday we miss so much!!!! X Jill
Post a Comment