4853 Princess Anne Rd Virginia Beach, VA 23462-4446

Living Our Mission Campaign

Living our Mission Update, January 2021

Living our Mission & New Capital Campaign

Quick Review:  Living Our Missions (LOM) was a 5-year Capital Campaign begun over 5 ½ years ago initiated by the Diocese of Richmond.  We did a combined campaign to meet needs within our parish.  Major projects included: Social Ministry Build Out, Parking Lot resurface, Accessibility (lift and restrooms), Mezzanine meeting rooms, refurbish parish office, develop fund for future ministries and fortify the capital replacement fund. Status as of 1/31/21 below.

Project

Original Estimate

Status

Actual Cost to date

(Over)

Under budget

Actual – Adjusted Estimate

Remaining Balance

Initial Fees

0

Complete

30,597

(30,597)

30,597

0

Social Ministry Area

200,000

Complete

261,160

(61,160)

261,160

0

Parking Lot

230,000

Complete

229,651

349

229,651

0

Accessibility

57,000

Complete

111,157

(54,157)

111,157

0

Meeting Rooms

40,000

Complete

22,845

17,155

22,845

0

Grow Future Ministry

250,000

Ongoing

22,914

In process

133,143

110,229

Increase Capital Improvement Fund

250,000

Ongoing

67,857

 

In process

133,142

62,285

Parish Office (Renovate)

210,000

New Plan

(Replace)

47,638

Development phase

210,000

162,362

Total

$1,237,000

 

$793,819

($128,410)

1,131,695

$337,876