Finance Update 2022

Generous Fundraising Benefits Student Programs, Capital Projects

BY JOE REID, FINANCE CHAIR

CTK School continues its legacy of successful annual fundraising with fantastic events that benefit our students, are fun to participate in, and provide a great opportunity to get to know parents, grandparents and others who want to ensure CTK’s continued success.

We raise about $250,000 annually (near #1 in the Oakland Diocese!), which provides for a long list of benefits such as:

• The planned addition of two math specialists (one devoted to students who excel in Mathematics; another to help improve student success)

• Recent capital spending like the garden improvement project and plans to upgrade the classrooms (improved lighting, new desks and new blinds)

As CTK prepared its upcoming report for accreditation, we documented approximately $750,000 of capital projects completed by our school in the last four years, which were funded out of the school’s cash flow (i.e. no borrowing, no use of the long-term endowment investment, no larger-thanexpected tuition increases).

Our outstanding fundraising efforts also support the school’s entire tuition assistance program with dollars raised, not foregone tuition.

Every year, our CTK Finance Committee compares tuition rates with seven neighboring Catholic schools. For 2022-23 school year, CTK tuition rates continue to fall right in the middle of that seven-school peer group.

The outstanding education that our students receive from a dedicated, committed faculty combined with reasoned financial decision-making allow Christ the King to prosper.