Finances
Projected Construction Cost (all phases)
|
2005 Preliminary Project Cost Estimate
|
$ 7,950,000
|
|
Escalation (if 2005 plan were built today)
|
$ 1,430,000
|
|
Site, Function, Flexibility, and Design Improvements
|
$ 1,420,000
|
|
Total Projected Cost for All Phases
|
$ 10,800,000
|
Campaign Finances - Projected Debt by Phases
(based on current/future pledge fulfillment and operational income)
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Phase 1 – QFFC and Adoration Chapel
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Fall, 2008
|
$ 2,135,000
|
|
Phase 2 – School Addition
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Fall, 2009
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$ 3,835,000
|
|
Phase 3 – Stage / Band Addition and Old Stone Chapel Renovations
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Spring, 2010
|
$ 4,535,000
|
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New Campaign Gifts during construction
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2007-2010
|
( $ 2,200,000)
|
|
Ending debt managed thru ordinary collections over 10 yrs
|
$ 2,335,000
|
Campaign Status – Ending Sept, 2006
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Campaign Minimum Need for 2005 Preliminary Plan
|
$ 4,500,000
|
|
Current Campaign Pledge Total – 900 families
|
($ 3,700,000)
|
|
Minimum Need Shortfall
|
$ 800,000
|
|
|
|
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Remaining Balance on Current Pledges
|
$ 2,500,000
|
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Gifts from non-pledges: 200 families (since 2003)
|
$ 100,000
|
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Not yet supported: (1,400+ families or 56% of parish)
|
$ 0
|
|
New Campaign Need (over next several years)
|
|
|
Original Shortfall
|
$ 800,000
|
|
Final Design Improvements
|
$ 1,400,000
|
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