$20,000 was sent to our mortgage lender as an additional mortgage payment. Mortgage status as of February 10, 2019 is as follows:
Building mortgage balance Feb 1, 2019 $225,710
Extra principal payment Feb $ 20,000
Adjusted mortgage balance Feb 10 $205,710
Bldg Fund cash on hand $ 18,440
App. money needed to retire mortgage $187,846
Our Synod commitment has been increased to $1,000 monthly.
Electric utility costs have dropped to around $1K/month. We’ll have to see if that is a result of conversion to LED lighting and more careful monitoring of A/C, or just a seasonal recovery.