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Presentation Given Sunday, August 3, 2014 by Terry Denison Leadership Team Chairman.

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Presentation on theme: "Presentation Given Sunday, August 3, 2014 by Terry Denison Leadership Team Chairman."— Presentation transcript:

1 Presentation Given Sunday, August 3, 2014 by Terry Denison Leadership Team Chairman

2 Mid-Year Financial Report as of June 30, 2014

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4 Mortgage Payment $8,200/month Utilities Insurance Maintenance Children’s Programs Youth Programs New Ministries Transportation Staff Special Projects Mid-Year Financial Report as of June 30, New/Increased Expenses--

5 Mid-Year Financial Report as of June 30, st Mortgage Loan = $1,500,00 - $ 1,478, loan balance as of 6/30/14 - $ 1,478, loan balance as of 6/30/14 - at 4.25 % - at 4.25 % - Amortized over a 25 year period - Amortized over a 25 year period - Monthly Payment = $8,200 - Monthly Payment = $8,200

6 Mid-Year Financial Report as of June 30, nd Mortgage Loan = $598,035 - $ 371,008 loan balance as of 6/30/14 - $ 371,008 loan balance as of 6/30/14 - at 4.25 % - at 4.25 % - 3 year note to be repaid from Bridge the Gap Pledges - 3 year note to be repaid from Bridge the Gap Pledges - Minimum Monthly Payment = accrued interest - Minimum Monthly Payment = accrued interest

7 Bridge the Gap “The Bell Lap” as of June 30, 2014

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