B & G Update: July 12, 2015

Financing

Funds for the newly finished landscaping and the soon-to-come upgrades to our worship space come from our Building Fund (a completely separate fund from the Building for Ministry fund).

For many years the Building Fund has carried a balance of just under $1,000.00.  In the last eighteen months, the Building Fund received two parishioner gifts and one estate bequest that elevated the balance to just under $110,000.

When gifts are given for a specific purpose, they may only be spent for that purpose.   We must always respect the wishes of our donors.  Money from the Building Fund may only be spent on capital expenditures, typically for our buildings.  We are able to be good stewards of our beautiful church in advance of its 100th anniversary because of the generosity of St. Mark’s parishioners, past and present.  What a blessing!