We are making steady progress in repaying our Diocesan Loan which we incurred to complete the building of our Religious Education Center.
We began last fiscal year:
July 1 2015 with a balance due of $933,756.43. Through your pledges and our “Pink Envelope” contributions we have paid accumulated interest and reduced the loan as of August 1, 2016 to $778,280.06. This reflects a reduction of $155,476.37 in 14 months.
Thank You!
For using your treasure to insure that our young people received a first class education in our faith in excellent surroundings. The majority of the repayment is from those who pledged to our “Our Dream Continues in Service to All” campaign. In addition many who did not choose to make further pledges have continued to contribute through the use of their “Pink Envelopes.” We still have a large outstanding balance, but you, the Parish Family, have shown that that task is achievable.