In the Spring of 2009 the Groveland Congregational Church embarked on Capital Campaign fundraising effort to help finance the Exterior Reconditioning Project. Over the past several months there have been monthly breakfasts, a Strawberry Festival and a Children's Art Show.
As of 04/30/10, the Three Year Pledge Commitment total against the need of $450,000 was $119,526 and the cash receipts into the Capital Fund Drive account from pledges, donations, fund raisers, interest and budget line item #610 were $104,779.64. We have disbursed a total $225,314.03 for contractor fees, appraisal fees, credit line related expenses and payments to principle and interest against the Drive Account. The credit line draw passes through the Capital Fund drive account as an income and an expense. We have drawn a total of $114,947.55 against the $200,000 credit line and have paid $23,464.60 as payment to principle and interest of the credit line.