Foothills United Methodist Church
Friday, November 24, 2017
Growing in grace.... Serving with love.

May 1, 2014

Thursday, May 01, 2014 View Comments Comments (0)
What’s Happening With the New Building?
 
We have had questions on the building and the capital campaign, so it is time for an update. The capital campaign ran last year in the spring that resulted in $465,000 in pledges. The official fund beginning was July 1, 2013, continuing for 5 years. This averages a little under $100,000 per year. The good news is that we have a total of $175,000 in pledges in Foundation savings and local savings. We are “ahead of schedule” in pledges paid.
 
In addition to the funds listed above, we have spent money for architectural plans, site plan as well as structural engineering plans. This information was necessary to get detailed and reliable estimate of costs for the building. A contractor has estimated that the building will cost in today’s terms, between $1.2 to 1.6 million (the higher amount is allowing a cushion for an unforeseen costs, or situations).
 
A next step is to develop a financial plan to present to a Church Charge Conference.   The financial organizations that we have contacted have said that any discussion of loans would depend on 20-25% cash-on-hand. Thus we need to continue to collect pledges until we meet that goal. We are better than half way toward that goal. Any “early” pledges gratefully received!
 
If you would like to support this endeavor or have questions, please talk to Fred A., Jeanne P., or Pastor Mike. 

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