St. Nicholas Parishioners, We are happy to present you with our

annual financial report on the state of our

parish for the period of July, 2017 - June,

2018.

We were truly blessed to have a positive

financial performance over the past year.

Your continued generosity and effective

management of expenses allow us to generate

a net income for the year.

Revenue: Total revenue for the 12-month period was $960,236.

This was 10% (+84,457) ahead of our parish budget for the year.

Although Sunday collections were down 5%, Fundraising was up

7% and School Income was up 53% compared to budget.

St. Nicholas Revenue Summary

PARISH

ACCOUNTS

7/17 - 6/18

Actual

Budget

vs.

$

Budget

%

Sunday/Holy Day $535,353 $563,104 (27,751) -5%

Other Contributions $32,480 $20,000 12,480 62%

Fundraising Income $114,131 $107,000 7,131 7%

Instructional Income $2,759 $4,150 (1,391) -34%

Other Income $3,639 $5,550 (1,911) -34%

Interest/Investment $8,032 $3,700 4,332 117%

Total Parish Income $696,394 $703,504 (7,110) -1%

SCHOOL ACCOUNTS

Tuition-Vouchers-SGO $135,685 $67,400 68,285 101%

Book Fees-Registrations $47,194 $36,875 10,319 28%

Other Contributions $11,600 $15,000 (3,400) -23%

Other Income $10,202 $7,100 3,102 44%

Cafeteria Sales $29,467 $20,000 9,467 47%

Government Rebates $29,694 $25,900 3,794 10%

Total School Income $263,842 $172,275 91,566 53%

TOTAL INCOME $960,236 $875,779 $84,457 10%

At a Glance

Revenue: $960,236

Expenses: $904,430

Capital Project Fund: $40,000

Balance: $15,806

How can you help? Please consider using the On-Line Giving option to have your contributions drafted from your c h e c k i n g / s a v i n g s a c c o u n t electronically. This helps the parish in a number of ways, including reducing fluctuations in what is received throughout the year. It is simple, secure, and convenient. Please sign up for the Kroger Community Rewards Program. In one year, 125 households have helped us earn over $3,500 in Community Rewards. Find sign up instructions for both at: www.stnicholas-sunman.org

Total Households: 433

New Households: 14

Baptisms: 11

Confirmations: 23

Marriages: 7

Burials: 4

1st Communions: 13

SNS enrollment: 146 students

250 Club: 189 enrolled

Parishioner and alumni support of The Heritage Project has been remarkable! A fundraising campaign that began in August 2017 generated over $3.4 million by the end of our fiscal year, June 30, 2018. Following a w el l -at t end ed Gr oundbr eaking Ceremony on April 29, the construction committee worked diligently finalizing the building plans and overseeing the site preparation work – demolition of the school office building; installation of a temporary office; tree removal; re-routing of a sewer line; removal of an old cistern, and some excavating.

May we always recognize the many blessings that we have r eceived and,

with the Lord’s grace, may we always make a generous return to God.

We are very blessed as a community of faith and are grateful for your

good stewardship that makes such a big difference in our parish

community. Please contact Norma Newton with any questions.

Fr. Shaun Whittington Norma Newton

Pastor Finance Council President

St. Nicholas Expense Summary

PARISH

ACCOUNTS

7/17 - 6/18

Actual

Budget

Vs.

$

Budget

%

Administrative Exp. $18,394 $15,950 (2,444) -15%

Salary Expense $39,916 $44,625 4,709 11%

Benefit Expense $5,369 $7,056 1,687 24%

Training & Education $2,004 $1,450 (554) -38%

Assessments $89,959 $99,426 9,467 10%

Interest/Bank Fees $1,069 $900 (169) -19%

Other Expense $3,899 $4,900 1,001 20%

Fundraising Expense $48,131 $40,200 (7,931) -20%

Utilities $53,808 $56,000 2,192 4%

Property & Facility $7,329 $5,300 (2,029) -38%

Spiritual Life $6,350 $6,500 150 2%

Program/Instruct. $13,901 $7,800 (6,101) -78%

Contracted Services $48,660 $36,410 (12,250) -34%

SCHOOL ACCOUNTS

Administrative Exp. $3,694 $2,825 (869) -31%

Salary Expense $352,533 $357,259 4,726 1%

Benefits Expense $96,529 $98,878 2,349 2%

Training & Education $1,570 $1,200 (370) -31%

Assessments $1,296 $1,600 304 19%

Other Expense $4,390 $4,000 (390) -10%

Property & Facility $5,378 $5,300 (78) -1%

Program/Instruct. $47,845 $19,850 (27,995) -141%

Contracted Services $14,215 $9,800 (4,415) -45%

Cafeteria $38,191 $41,129 2,938 7%

TOTAL EXPENSES $904,430 $868,358 $ (36,072) -4%

St. Nicholas Net Income Summary

TOTAL INCOME $960,236 $875,779 $84,457

TOTAL EXPENSE $904,430 $868,358 $(36,072)

NET INCOME $55,806 $7,421 $48,385

Looking Ahead~

We are able to earmark dollars for future capital improvement projects, which will occur over a three-year period. These improvements may include steeple repair, repavement of the drives around the church and rectory and the lower parking lot.

Our goal this year is to acquire 250 memberships for the 250 Club. This is our only major fundraiser in addition to the Parish Picnic and Turtle Soup Supper. The proceeds are designated to an account and then used for activities that require funding. This avoids the creation of additional fundraisers throughout the year. Please help us achieve this goal!

Building a Foundation

in Faith!