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Published byEllen Lasswell Modified over 10 years ago
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Presentation Given Sunday, August 3, 2014 by Terry Denison Leadership Team Chairman
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Mid-Year Financial Report as of June 30, 2014
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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, 2014 --New/Increased Expenses--
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Mid-Year Financial Report as of June 30, 2014 1 st Mortgage Loan = $1,500,00 - $ 1,478,838.57 loan balance as of 6/30/14 - $ 1,478,838.57 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
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Mid-Year Financial Report as of June 30, 2014 2 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
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Bridge the Gap “The Bell Lap” as of June 30, 2014
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