Financial Cost Breakdown
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Program Space Estimates
Site Work $545,000 Chapel & Parish Life Center Buildings $4,293,168 Design, Admin & Other Costs $518,832 Contingency & Escalation Costs $1,139,701 Total Projected Cost $6,496,701 -
Funding Strategy
Current Funds Allocated $525,000 Capital Campaign $800,000 Anticipated Grants & Appeal Revenue $285,000 Proceeds From Trust $2,615,000 Loan From AOB (10 Years) $2,275,000 Total Expected Funding Available $6,500,000 -
Our funding strategy is supported by judicious stewardship of the Michael’s Trust Fund and parishioner contributions. Our capital campaign goal of $800k demonstrates our active parishioners’ commitment. We are highly confident in our ability to repay the AoB loan without detriment to future parish and school operations principally through future dividends of the Trust Fund.
This is a sound financial decision for the future of our parish and school, enabling us to serve the Catholic Community of Aberdeen to our fullest for generations to come ...
Please prayerfully consider what you and your family can do to help us reach our goals.
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