Eastern Pennsylvania Conference

1. Eastern Pennsylvania Conference Camp and Retreat Ministry Where We’ve Been Where We Are Where We’re Going

5. What Has Driven the Deficit? • Drop in camper numbers • Impact of the Economy • Rate increases • Debt • Payments on loans

7. Fueling the Fire - Goals • Carson Simpson Farm $500,000 • Gretna Glen $500,000 • Innabah $500,000 • Pocono Plateau $500,000 • Scholarship Endowment Fund $500,000 • Maintenance Endowment Fund $500,000 $3,000,000

8. Fueling the Fire - Income • Total Gifts Received $1,240,613 • Capital Campaign Costs $ 305,106 • Net Income of Capital Campaign $ 935,507

9. Fueling the Fire - Total Needed Funds • Projects $ 2,208,234 • Infrastructure Improvements 197,118 • Refinancing of Existing Loans 644,814 • Total Needed Funds $ 3,050,166

10. Fueling the Fire - Shortfall • Total Combined Costs $ 3,050,166 • Net Income of Capital Campaign $ 935,507 • Shortfall $ 2,114,659

11. Camp Loan Principal Original • Carson Simpson Farm $ 128,173 • Gretna Glen 679,378 • Innabah 880,868 • Pocono Plateau 548,429 • Total $2,236,848

12. Camp Loan Principal OriginalCurrent • Carson Simpson Farm $ 128,173 $ 65,948 • Gretna Glen 679,378 714,000 • Innabah 880,868 384,553 • Pocono Plateau 548,429 409,652 • Total $2,236,848 $1,574,153

13. Annual Camp Loan Payments • Carson Simpson Farm $ 6,332 • Gretna Glen 68,093 • Innabah 36,674 • Pocono Plateau 39,068 • Total $ 150,167

14. Camp Loan Payments vs. Surplus/Deficit 2007 – 2009 Loan Payments • Carson Simpson $ 18,966 • Gretna Glen 204,279 • Innabah 110,023 • Pocono Plateau 117,204 • Total $ 450,472

15. Camp Loan Payments vs. Surplus/Deficit 2007 – 2009 Loan Surplus/ Payments (Deficit) • Carson Simpson $ 18,966 $ 159,281 • Gretna Glen 204,279 (122,757) • Innabah 110,023 (107,808) • Pocono Plateau 117,204 (59,397) • Total $ 450,472 ($ 130,681)

16. Camp Loan Payments vs. Surplus/Deficit 2007 – 2009 Loan Surplus/ Surplus/(Deficit) Payments (Deficit)w/out Debt Srvc. • Carson Simpson $ 18,966 $ 159,281 $ 178,247 • Gretna Glen 204,279 (122,757) 81,522 • Innabah 110,023 (107,808) 2,215 • Pocono Plateau 117,204 (59,397) 57,807 • Total $ 450,472 ($ 130,681) $ 319,791

17. Cash Liability to Conference • All camp staff are employees of the conference • Payroll processed by accounting office • Conference invoices the camps for payroll • Unpaid invoices for payroll - accrued to $750,000 by January 2009.

18. Steps That Have Been Taken • Control expenses to the greatest extent possible • Direct donation appeal to Camping Board and Site Committees • EcoEternity Forest • Over $20,000 to date. • Sale of 12 acres + former director’s residence at Gretna Glen • 450,000 • Trustees approved using some funds for needs at camps • Septic system at Gretna Glen • Septic system at Innabah • Wood-burning heating systems at Pocono Plateau. • After these projects + costs of selling home and acreage • Reduced cash liability to conference to $350,000 • 2010 rate increase to base of $380.

19. Current Situation • Capital Debt $1,500,000 • Cash Liability to Conference 350,000 • Total Debt $1,850,000 • Projected 2010 Deficit • Gretna Glen ($ 47,500) • Innabah ( 64,700) • Pocono Plateau ( 65,600) • Total ($ 177,800)

20. Steps Currently Being Taken • Strategic Planning Process • Strengthen Ministry • Eliminate Debt • Convert assets to cash • Fund raising • We need time to allow the planning process to proceed.

21. We can not end 2010 in deficit!