St. James Annual Financial Report

ST JAMES CATHOLIC CHURCH AND SCHOOL
Statement of Activities

Favorable
Fiscal Year Ended
June 30, 2012
(Unfavorable)
Actual Budget Variance
CHURCH
RECEIPTS & EXPENDITURES
Church
Receipts
Offertory            537,337            539,200            (1,863)
Gifts & other
charitable support
               6,856                7,960            (1,104)
Investment & rental
receipts
             34,388              31,680              2,708
Other Church receipts              15,851              30,600          (14,749)
Auxiliary organizations              62,158              55,624              6,534
Total
Church Receipts
           656,590            665,064            (8,474)
Church
Expenditures
Personnel costs            195,930            199,873              3,943
Utilities              42,557              38,820            (3,737)
Insurance              19,054              21,516              2,462
Charity & student
assistance
             20,039              24,000              3,961
Repairs & maintenance                3,449                6,490              3,041
Supplies & other
operational expense
             80,557              89,875              9,318
Religious education &
youth
               4,489                7,340              2,851
Investment & rental
expense
               9,515              10,440                 925
Archdiocesan assessments              61,572              60,813                (759)
Auxiliary organizations              62,325              55,624            (6,701)
Total
Church Expenditures
           499,487            514,791            15,304
CHURCH OPERATING SURPLUS            157,103            150,273              6,830
SCHOOL
RECEIPTS & EXPENDITURES
School
Reciepts
Tuition & fees from
parents
           581,893            582,900            (1,007)
Other tuition receipts            104,556            104,632                  (76)
Grants & gifts            170,228            182,500          (12,272)
Fundraising              44,428              37,000              7,428
Total
School Receipts
           901,105            907,032            (5,927)
School
Expenditures
Personnel costs            895,895            894,697            (1,198)
Utilities              48,011              51,640              3,629
Insurance              25,258              28,563              3,305
Repairs & maintenance                8,451                4,900            (3,551)
Classroom supplies, books
& materials
             31,333              26,000            (5,333)
Other operational
expenditures
             46,920              42,505            (4,415)
Fundraising expenditures              15,576                9,000            (6,576)
Total
School Expenditures

        1,071,444

        1,057,305
         (14,139)
SCHOOL OPERATING DEFICIT          (170,339)          (150,273)          (20,066)
COMBINED
CHURCH & SCHOOL OPERATING SURPLUS
           (13,236)
  
         (13,236)
Plus:  Capital improvement gifts/donations            155,597            139,500            16,097
Less:  Capital improvements/additions          (159,144)          (139,500)          (19,644)
COMBINED
CHURCH & SCHOOL CASH SURPLUS (DEFICIT)
           (16,783)
  
         (16,783)