$369,327

In the mid 1980’s, the auditorium and surrounding classrooms were financed by selling $6 million of bonds. Just 5 years ago, the remaining $1.6 million of this debt and a $700,000 building improvement loan were refinanced into a $2.3 million mortgage.  Today, $2 million of this loan has been eliminated with the remainder to be retired in less than 2 years! 
As you may recall from the August budget meeting, a generous bequest has helped make it possible to pay off one of the two notes that comprise the current mortgage and free up $112,000 for other ministry expenses in 2008/2009.  The 2008/2009 budget requires $34,419 in weekly giving to support daily ministry.  This number also appears very large at first glance, but spread across nearly 1,000 FFC families, it also looks much smaller. Everyone’s offering, no matter how small, makes a difference in these challenging economic times.  Thank you for doing your part to keep First Federated financially strong.