Parent of Governance Category
SYOSSET, NY In her report for the first quarter of 2012, Melanie Ringa, Treasurer of the Orthodox Church in America, notes that “operating results show a small surplus versus a budgeted deficit of $27,401.00.” It was also noted that an unrestricted bequest of $188,905.00 from the estate of Charles F. Morse had been received. The bequest, coupled with an IRA distribution of $22,000.00 from the same estate received in December 2011, was used to permanently reduce the principal balance on the Honesdale Bank Loan by $211,366.00, thus “reducing the outstanding loan balance to $436,661.00 as of March 31, 2012 while…