On Thursday night our Board of Trustees met for their monthly meeting. The group monitors our finances and oversees any work being done on our building and grounds. The big topic of the night was our heating system. Ray Deptulski heard from the plumbing supply company and received some numbers on how much the materials for replacing the two furnaces and reformatting one of the systems would cost. The total would be under $30,000. Ray is guessing the whole job might cost less than $40,000 and that we could make our money back in 5 - 8 years with the money we would save on fuel oil alone. He also pointed out that there are 0% interest loans available for qualified systems. He will investigate them further.
Frank Royce, our Assistant Financial Secretary, also noted that we are running just a little behind in pledges but we were ahead in non-pledged giving and loose plate collections. In this economy this is good news. Mark Kane noted that we were keeping up with our expenses. All the bills were paid and we still had money in the checking account.
Ray also noted that the contractor was coming in this week to remove the asbestos from the pipes in the basement.
Cal
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