St. Matthew UMC. We have seen why we need to make extensive repairs to our Sanctuary Building, Bell...

St. Matthew UMC

• We have seen why we need to make extensive repairs to our Sanctuary Building, Bell Tower and Covered Walkways.

• While we don’t have the exact cost of the repairs, the Finance Committee has set $2,000,000 as our maximum to be used for these repairs.

How Will We Raise the Funds Needed?

1) Our Faith, Our Family, Our Future - current Capital Campaign

2) Mortgage

3) Land Sale

4) Bridge the gap with a new Capital Campaign

1 2

4 3

Our Faith, Our Family, Our Future

Current Capital Campaign$349,760 pledged

$267,409 total received to date:$247,909 pledges received $19,500 unpledged

received

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$369,260 total (pledges + unpledged donations)

1

Additional Mortgage$137,000 Current mortgage

$363,000 Additional mortgage

___________________________

$500,000 Total mortgage

Assuming interest rates remain at the current levels, debt service on the new mortgage should be approximately the same as current payments.

2

Land Sale

• Parcel at rear of Education Building – corner of Boxwood and Partridge Lane

• Approximately 2 acres

• Residential lots

3

Land Sale3

Land Sale

• The Trustees and Board of Stewards have approved the land sale.

• The congregation will vote on this at a Congregational Meeting.

• Prior to the Congregational Meeting, two additional meetings will be scheduled to answer questions from church members.

3

New Capital CampaignBridge the gap between land sale and actual cost

$369,260 Capital Campaign (pledges + unpledged

donations)$363,000 Mortgage $???,000 Land Sale$???,000 New Capital Campaign

_________________________________________ $2,000,000 Funds to be used for repairs

4

Next Meetings

Two meetings are scheduled for the congregation to ask questions:

Wednesday, August 26th 6:00 pm in the Parlor

Sunday, August 30th 4:00 pm in the Parlor

Thank You