It’s been a very busy year for the Advancing The Kingdom Campaign (ATK)! After a successful launch in November 2018, we began working behind the scenes to ensure that we could maintain the momentum over the next 3-5 years. Even though Pastor Mark has done a great job keeping us informed with what has been happening with the campaign through his sermons and letters to the congregation, we felt it would be a good idea to provide you with annual year-end updates so you could keep track of our progress.
Here are some of the highlights from 2019:
As a result of our kick-off banquet on November 8th and the generosity that followed, we have received $1,070,150 in pledges over the next three years. We have also received money that was not pledged in the amount of $76,974 This gives use a total between cash and pledges of $1,147,124.
The Total cost of the property is about 6.4 million. After closing cost on the sale of east campus we had $2,250,000 to invest. We have placed the money into various investments in order to generate interest income for us while we wait for the next payment to Melcor. At this point we still need to raise $3,750,000 in order to have the property paid for before we start raising money for the building.
Some extra time/clarity was required by the City of Calgary from the land development, so Melcor has delayed our next payment date until the fall of 2020 or 2021. This means we can keep our money invested longer.
The BP Church board voted to use a small amount of the sale proceeds to enhance our current facility through a couple of capital improvements; our gym floor needs to be replaced and since the East Campus was primarily used for youth and children's activities, we told those departments we would put a good sports friendly floor in the gym. The board also voted to use the first three months interest earnings to purchase chairs for the sanctuary. This will allow us to retire our tired pews while at the same time creating a multi-use space in our sanctuary for outreach and ministry.
Please continue to pray that God will keep showering favour on us while we assemble the resources required to build His Church. If you would like to get involved in anyway, please reach out to either of us at any time. We would love to share the vision of this new site with you and welcome your calls or emails.
God bless you and may 2020 be a year of great joy and prosperity for you and your family.
Ron Smith Wale Gbalajobi
Co-Chair Co-Chair
ATK Campaign ATK Campaign