Building to Serve 2013-16
Progress (Building Fund)
Here's how far we've gotten and how far we need to go, as of October 31, 2016... (click on chart to get larger image)
- see Parkwood's 2012 annual report, page 44-46 for more information on updated building plans. At the annual congregational meeting a presentation was given by architect David Mailing and his construction manager. Those present
were shown a design proposal to replace the Mulvagh wing, on the same footprint. Three cost estimates were given: low ($771,495), midrange ($821,126) and upper ($873,824). The above chart shows where we are using figures presented
at that meeting, showing as well comparable figures for Dec. 31, 2010, Dec. 31, 2011. Dec. 31, 2012 and each succeeding month.
- After reviewing the pre-2013 pledges, and considering that a change in building plans was generated when the congregation approved the acceptance of Building Project Concept #5 at the Annual General Meeting on February 16, 2013,
the Fundraising Finance Team is of the view that individuals/families might want to re-consider their pledges. As a result, the pre-2013 pledges ($30,000) are no longer being included in new fundraising planning calculations. Donors
who, for one reason or another, have not yet fulfilled their pre-2013 pledge, and would like their pledged amount to be included in future fundraising calculations, are asked to re-submit a pledge form.
- The Building Expansion Fund figures in this graph have been adjusted to show the net amount from January 2013 following the decision at the November 24, 2013 congregational meeting to "go back to the drawing board" and request a scaled-back
design with a target cost of $700,000.
- The graph has been further adjusted from May 2015 forward to show the Fundraising target of $700,000 (exceeded in April 2015) as well as the approved borrowing (at the Feb. 2014 annual meeting) of $65,000, summing to the estimated
total construction cost of $765,000. Two other adjustments from May 2015 forward are: inclusion of the $60,000 grant from the Presbytery of Ottawa in the building fund and showing under grants $20,000 anticipated from the Cooke's Fund.
These changes are consistent with figures presented in an analysis of the state of finances set out in the "Facility Planning Team - Construction Update" on pages 6 & 7 of the June 2015 Pulse newsletter.
last updated 15-jun-16