We are pleased to continue to provide updates on the Giving for Growth campaign and will continue to do so throughout 2025 and over the next five years.
The Giving for Growth Campaign launched Easter Sunday, 2024 and we wrapped up the formal process on our Patronal Festival on November 24, 2024. Over that time, we raised $4,658,955 and visited, or otherwise contacted, 315 families.
Our efforts are ongoing. We will continue to receive funds as the pledges made during the campaign come due and also continue to raise funds. Our goal was to raise $5 million, with another $945,000 identified as “nice to haves”. It’s not too late to join in the Giving for Growth campaign – please do so! We will continue to seek pledges for the campaign throughout 2025 and through to 2029, the five-year life of the campaign. We have raised 93% of our goal. Please help us achieve and exceed this goal!
At a Special Vestry meeting on May 26, 2024, parishioners approved expenditures for 2024. The motion restricted expenditures to undesignated cash received and we complied with this restriction. We received $2,001,464 in cash during the year and as at December 31, 2024 we had $1,213,048 cash on hand. We spent $818,899 during 2024.
We are pleased to report that the internal debt has been completely repaid. Other major accomplishments include the installation of new windows and significant improvements to drainage and safety. A Property Committee has been formed to identify priorities for capital expenditures from the funds raised through Giving for Growth.
This chart identifies the expenditures approved at the Special Vestry meeting on May 26, 2024, and the amounts spent during 2024.
2024 Expenditures | Approved by Vestry | Spent | ||
|
| $ |
| $ |
Engineering Study 2 | 50,000 |
|
| |
AV coordinator | 15,000 |
| 7,420 | |
Debt Repayment | 525,000 |
| 523,941 | |
Capital 1 |
|
|
| |
| Organ repair | 30,000 |
| 31,156 |
| CNH Kitchen 2 | 200,000 |
| 22,341 |
| Early Learning School washing kitchen 4 | 10,000 |
| 17,495 |
| Lift Repair | 110,000 |
| 25,562 |
| Sanctuary microphones 3 | 50,000 |
|
|
| AV Equipment 3 | 25,000 |
|
|
| Early Learning School upgrades 3,5 | 100,000 |
|
|
| Other Capital | 320,000 |
| 13,174 |
| Windows |
|
| 105,272 |
| Exterior concrete, catch basins, flagstones |
| 66,534 | |
Other administrative | - |
| 6,004 | |
|
| 1,435,000 |
| 818,899 |
1 | For accounting purposes, some of these items were capitalized |
| ||
2 | Begun in 2024. To be completed in 2025 |
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3 | Included in the 2025 Giving for Growth Budget |
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4 | This item was over budget due to regulatory requirements for a school |
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5 | These items are under discussion with the Early Learning School |
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The generosity of our community is inspiring and humbling. The support of over 60 campaign volunteers was pivotal - their tireless efforts are why we have been so successful. We are enormously grateful to them and to all who have supported us, with both financial contributions and prayers for our success. We look forward to seeing you at Vestry on Sunday to tell you more about the campaign and our spending plans for 2025.
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