Financial Position as of May 31, 2008

 

Total funds received to date ......................................$3,034,257.00 - Praise God!!

Projected remaining pledges .......................................$309,770.00

Projected total cash ....................................................$3,344,027.00

 

Projected Cost

As of February 2008 ...................................................$3,700,000.00

Additional cost ................................................................$200,000.00

Total projected cost ....................................................$3,900,000.00

 

Additional cost items:

.............Audio Visual system changes

.............DP&L required Transformer

.............Weather delay costs

 

The Bottom Line

Projected total cash ....................................................$3,344,027.00

Total projected cost ....................................................$3,900,000.00

Projected gap to be bridged ........................................($555,973.00)

 

Our challenge is to bridge this gap by the end of 2009, so that Phase 1 is complete Debt Free