Girl Scouts of Utah Pays Off Camp Cloud Rim Loan
September 13, 2022
SALT LAKE CITY, UT - In 2012, Girl Scouts of Utah made a strategic land purchase to ensure that Camp Cloud Rim could continue to operate securely for future generations. In 2020, GSU was able to negotiate a land exchange and GSU now owns all the land on which Camp Cloud Rim is located.
It is with great pleasure that we can report the $4.25M loan secured to buy the property in 2012 has been paid in full. This payoff has been accomplished through the prudent management of the council’s resources as well as an incredible commitment from Girl Scouts to allocate $0.25 per box of cookies sold.
Our Board of Directors is currently researching options on the best way to use the $0.25 allocation from each box of cookies going forward. There will be information forthcoming with a decision on how those funds will be used.
This news of a zero balance on the Cloud Rim loan further substantiates the dedication we have to prudent financial management. As we continue to move Girl Scouts of Utah forward, we promise our commitment will remain strong to adopting conservative policies that will ensure stability and strength of the council.
