Facility Expansion 87% Paid

The total amount budgeted for facility expansion of the worship center addition was $3,800,000.00.  The total amount spent was $3,770,036.33 coming under budget by $29,963.67.  Also, the Facility Expansion Task Force included some additional projects not in the original proposal.

Current debt in the project is $482,000.00.  The bank loan is $20,000.00.  ARC individual loan balance is $462,000.00 due in the next several years.  This leaves the current facility expansion at 87% paid.


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