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Greetings Fellow Parishioners:
This week we are providing our annual summary of CTK financial performance for 2022 and our budget for 2023. We started last year with lingering concerns about the impact of the pandemic and our ability to serve our parish community. As in past years, these concerns were unfounded as you kept up your financial support to Christ the King Parish. We ended the year in the black and well over our original budget for income. Thank you!
In looking at the financial summary you will see that, thanks to your donations and hard work by staff to control expenses, we experienced a 16.6% positive net for 2022. You were also most generous to our St. Vincent De Paul Society who are active in helping the poor with over $235,000 donated. SVDP continues to serve the many needy families who come to our doors with food, services, and limited rent assistance.
While many pandemic related health and safety restrictions have been lifted, we still have not seen a return of parishioners to the same level of church attendance as we had before pandemic restrictions were put in place in early 2020.
Despite the lower numbers for in-person church attendance, our income from plate collections remained solid and consistent with previous years. We’ve also managed to keep expenses flat for the past 3 years.
In the absence of in-person church attendance we are seeing regular viewers using our live-streaming service. We routinely see several hundred live-stream views of our weekday and Sunday masses and reach folks in other states and countries. The ability to livestream weddings, funerals, baptisms, first communions, and confirmations, has allowed relatives and friends to attend these events remotely when they cannot be here in person.
A major accomplishment in 2022 was the replacement of 190,000 square feet of pavement at Christ the King and St. Stephen parishes. Thanks to your pledges and financial support we were able to complete this work this past summer.
Completion of the paving work finishes the major project plan we put together 12 years ago. We aim to refresh this long-range plan in the coming year to be prepared for future major funding needs.
For 2023 we are also looking forward to merging Christ the King and St. Stephen parishes into one parish with two campuses. A major financial challenge for 2023 will be managing expenses with the inflation pressure we are seeing.
We are grateful to God for the commitment and generosity of our parishioners. We are also grateful to our parish leadership, under Father Paulson, and our parish staff who are diligent in the professional management of our finances.
A more detailed presentation of our financial picture will be offered in March if you are interested in more detail.
Our hope is that this year will see more of us back together in person in our church. Regardless, with your generous support, we will continue to thrive, and our many ministries will continue to serve the diverse needs of our parish.
On behalf of the CTK / St. Stephen Finance Committee, thank you for your commitment and generosity to our parish.
A financial summary of our operating income and expense for 2022 and 2023 can be found by clicking here.
Greg Thornbury
Chairman, CTK/St. Stephen Finance Council
Email: finance@ctkph.org
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