Debt Reduction Campaign
Aloha Saint John Parishioners,
Our total school debt is $449,00.00, this is the building loan plus some contracts. The plan to pay it off is as follows:
Year 1 - 2021-2022 $117,680
Year 2 - 2022-2023 $110,440
Year 3 - 2023-2024 $110,440
Year 4 - 2024-2025 $110,440
Total $449,000
The weekly Debt Reduction Collection will help us payoff these debts in 4 years. If we rent out the school, we can deduce the rental income from the debt as well. Your stewardship and generosity are very much appreciated.
Total of School debt inherited by St. John’s Parish to be pay in 4 years | $ 424,980.00 |
Minus Total weekly collection (01/09/2022) | $ 476.00 |
Balance | $ 424,503.00 |
We will keep you posted on how things progress.