Covid-19

The board discussed the next steps for our societies across the state in regard to holding meetings and functions once again.
 
Guidelines for Covid-19 Re-entry
 
The board still suggests to hold meetings virtually (i.e. FaceTime, Duo, Zoom, etc.). If this is not possible, please follow your state and local guidelines for social distancing (maintain 6 feet of separation) and capacity for meetings (we suggest 25% of capacity). A good starting point would be the guidelines which are being adhered to by your local parish. If you do begin holding meetings/functions, we suggest that you do have a virtual alternative to members who are unable to attend and have the capacity to join via one of the methods mentioned above.

KJT State Family Day & Golf Tournaments
 
The board has made the decision to Cancel the State Family Day & Golf Tournaments for 2020. 
 

KJT Youth Camp
 
We many have already contacted you about camp, but the board made the decision to cancel our youth and teen camps for this year. Although things look to be leveling off, we do not want to run the risk of putting any of our campers or counselors in danger of contracting Covid-19. We apologize for this but feel that it is in the best interest of KJT.
 

KJT Financials
 
In case any of your members have questions about the going concern of KJT, rest assured that we still maintain a strong financial standing. We have been here for our members for over 130 years and are positioned well for this current crisis. Here is what will be published in my article in the upcoming issue of the KJT News.
 
During times such as these, many may wonder how safe their money is with KJT. We want to assure you that KJT’s financial standing remains strong even in lieu of the recent developments in the stock market that is attributed to Covid-19. KJT maintains a highly rated bond portfolio that continues to perform well during times like these. This ensures that KJT will be here for you, our members, in times of need.
 
Through the first quarter of 2020, KJT has increased its assets by 2.6% since the end of 2019 and assets now rest at $93,092,759. Net income for the quarter was $234,097 which helped increase surplus to $5.7 million which is just short of a 3% increase in surplus for the first quarter. Our assets to liabilities ratio now sits at 106.52.
 
Please feel free to share this information with anyone asking about our financial standing.
 
 
Chris