Report on our Stewardship
You and others have given us roughly $4 million which we have paid toward this campus. We must thank you and the Lord for this.
About half that, or $2 million, has gone to reduce the balance owed from $8.5 million to $6.5 million. The other $2 million has gone for interest on the unpaid balance. During this time, the value of the campus alone has increased by something like $4 million to $6 million. It is now worth at least $12 to $16 million. The value of the housing ("second half of the campus") has also increased by over $2 million. (See the financial summary on page 4.)
You may wonder, however: If we have been sorely tested by the "small" $175,000 quarterly payments, how can we hope to contend with that $6 million "balloon" payment next year? The answer we long sought from the Lord we truly believe He gave in the example of the faith, devotion, discipline and mission generosity of those tribal believers in Burma. (Please reread "the little man from Burma" on page 4.)
For 12 months now, we have been neck deep in the development of a nation wide Frontier Fellowship movement, Are you using your Frontier Fellowship Daily Prayer Guide?
To date, money coming in to us from that source has been totally inadequate for our quarterly needs. We have to admit that unasked for, larger gifts have carried us through. And yet we believe the emphasis on mobilizing for prayer and for giving to all agencies, not just us, is of God. We believe that God will somehow supply all our needs, according to His riches in glory by Christ Jesus. (Phil. 4:19) If we put His cause first, shall He not also give us all we need? (Luke 12:31 LB) Re read the bottom paragraphs of pages 4 and 5.