Last Updated: Friday - 09/24/2010
Week of September 30, 2002
WCR records large surplus
The WCR ended its 2001-02 fiscal year on March 31 with a record surplus of more than $87,000. Both revenue and expenses rose significantly from the previous year.
The large surpluses of the last two years are a sharp change from the recent past when the WCR annually ran a small deficit.
We have budgeted for a $2,100 surplus for the current fiscal year. We will have added expenses due to World Youth Day, increased postal costs and the creation of the new position of news editor last January.
The hiring of a news editor was one reason for increased personnel costs last year. We also faced higher costs for our employee benefits plan as well as giving our staff a reasonable pay increase.
Our mailing and publishing costs were up sharply because the WCR increased from 43 to 44 issues per year, newsprint prices were high for the first part of the year, postal costs increased and we produced larger newspapers. From the calendar year 1997 to 2001, the total number of pages in the WCR increased from 836 to 916. We are bringing you more news, much of it about the local Church, and giving you, we hope, a more interesting and challenging newspaper to read.
On the revenue side, our largest growth was in parish assessment revenue. Most parishes have seen their assessment remain relatively stable in recent years, but a few parishes have seen larger increases in line with the archdiocese's decision that all parishes commit five per cent of their Sunday revenues to the WCR.
More than 33,000 of our subscribers receive the WCR under the parish assessment plan, averaging less than $16 a subscription. That low cost is perhaps the clearest sign that we run an economical, efficient newspaper that nevertheless has proved itself capable, year after year, of winning national Church press awards.
As well, our advertising revenue in 2001-02 was the highest that it has been in recent years.
We thank our readers for their generosity as our donation revenue increased last year, as did miscellaneous revenue.
We encourage you to consider using the envelope included with this issue to make a donation to the WCR. Please also pray for the WCR that our work for Jesus and his Church may bear abundant fruit.
- Glen Argan
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