Saint George Greek Orthodox Church of Prescott

2013 Annual Meeting (11-3-13)

SGGOCP 2013 Annual Meeting

Opening Prayer & Elect Meeting Chairman Approve 2012 Annual Meeting Minutes (5’)

Pastor Report (Father Andrew 15’)

Pillars & Projects (Kenny 10’)

President’s Address & Accomplishments (George 10’)

Financial Highlights & Approve ‘14 Budget (Kally 15’)

Stewardship 2014 (Kally 10’)

New Board Members Comments & Closing Prayer

Pastor’s Report

Father Jeffrey Overview Current Programs will continue:

– Liturgics and Music– Sunday School– Community Outreach

Future Programs:– Adult and Youth Education (incl. retreats)– Youth Ministry (GOYA, OCF college, summer camp, vacation

church school, etc.)– Parish-wide Monastery trips

Our Plan for 2014…

SGOC Pillars & Projects

“Outreach” AC Leader: Kenny Scott

Action Committee: Raymond, Liz, Kenny

“Fellowship” AC Leader: _________ openAction Committee: Dr. Rizk,

Kally & __________

“Worship” AC Leader: Ty FreedmanAction Committee: Kristie

N., Helen E., ________

-Stewardship-Liturgical-Furnishings-Youth Ministry

-Education-Gurley Bldg.-Bldg. Upgrades-Land on Green Ln.

-Marketing-Events-Hall Rental-Speakers

We need you!

President’s Address & Accomplishments

• 2013 Overview

• Charities Funded (Yavapai Food Bank, Salvation Army, Open Door, church families, Granite Mtn. Fire, Yarnell Fire, Hot Shot families, local needy, etc.)

• Fund Raisers - record breaking Gyro Booth sales $21.2K:• June (2 day event) $4,700 …… June 15 $3,466

• July event $4,236

• Sept. (3 day event) $8,639

• St. George Projects

Church Improvements Other Improvements Fellowship Hall: Floors & Drapes *Library

Narthex Upgrades *Yard work Altar area upgrades *Lighting Bishop throne *Fencing & gates Upstairs security door *New Fellowship hall doors Icons *New church cross Paint Vestry rooms improved Outdoor drainage

St. George 2013 Projects

2014 Proposed Budget Key points:•# of stewards rise from 38 to 43 total families

•Stewardship $70.5K, down 2%

•Fundraising down due to fewer events (4 in 2013)

•We don’t plan for Food Baskets or anonymous donations

•Misc. Inc. up due to stock and appl. sales

•Total Income down 18% to $115K

•Clergy compensation down due to new priest for (5 Mos. 25%, 7 Mos. 100%)

•We need both stewardship & fundraising to meet ‘14 budget

•General Operations holding steady and down slightly (incl. util., CPA..)

•Expense down 17%

•Actual budget shortfall ~$1.6KMitigate thru new growth and Expense Management.

•We thank you for your continued help with Gyro Booth, Church Improvements & Maintenance “””VOTE”””

Sep.'13 Estimate 2014YTD 2013 Budget

INCOMEBookstore $1,806 $2,408 $2,500Fund Raisers - Gyro Booth $21,234 $21,234 $13,699Fund Raisers - Other/Food Baskets $5,774 $5,874 $0Fund Raisers - Misc./Craft&Bake Sales $1,696 $1,996 $700General Collections $12,916 $13,949 $14,960Candle donations $1,949 $2,561 $2,860

Special Donation - Clergy Compen. $10,000 $10,000 $0Special Donation - All Other Litur., etc. $3,818 $4,142 $1,935Special Donation - Outreach/Youth Ministries $500 $667 $700

Stewardship (pledges) $59,407 $72,007 $70,557Misc. Income $450 $630 $2,710

All Other $4,782 $4,686 $4,419

TOTAL INCOME $124,332 $140,154 $115,040

EXPENSESAdvertising: $575 $1,150 $1,335Charitable Donations: $3,175 $5,500 $7,056Clergy Compensation: $71,183 $71,373 $52,804Fund Raisers: $6,098 $6,298 $3,200General Operations: $27,309 $35,148 $32,894Gifts: $125 $125 $1,050Liturgical: $10,155 $13,540 $10,400Outreach: $2,379 $3,172 $3,500Supplies: $5,660 $6,099 $3,350All Other $837 $842 $1,050

TOTAL EXPENSE $127,496 $143,248 $116,638

INCOME minus EXPENSE -$3,164 -$3,094 -$1,598

2014 Building BudgetKey points:

Income:

•Rental income from new client True Accountability, up 2%

•Utilities and Sales tax for new client paid by client; pass-thru

•Total Income drops 8% due to anonymous donation of $5k in 2013

Expense:

•Mortgage int. payments $14.3K

•Church repairs/mtce. $3K

•Facility improvements $15K for extr. paint, playarea, drainage, security, warming kitchen

•Property tax for land donated for next 3 years!

•Total Expense $45.5K•Net Gain $4.4K

•Consolidated Net Gain $2.8K“””VOTE”””

Sep.'13 Estimate BudgetYTD 2013 2014

INCOMEOther Donations (Improvements) $6,750 $6,750 $0Rental Income (Synergy Lease) $16,636 $20,640 $0Rental Income (True Accountability) $0 $1,759 $21,109 Rental Inc (True Accountability) - TPT $0 $35 $422 Rental Inc (True Accountability) - Op.Exp $0 $158 $1,903Rental Income (Church Space Fee) $15,448 $20,604 $20,604Utilities paid by Tenant $0 $450 $5,400Sales Tax paid by Tenant $0 $427 $420Interest Income $0 $30 $30Other - Rental Deposit from T/A $9 $3,623 $0 TOTAL INCOME $38,843 $54,476 $49,888EXPENSESGeneral Operations:

Facilities- Mortgage Expense $10,442 $13,923 $14,340Facility Improvements $5,554 $5,554 $15,000Facilities- Repairs&Maintenance $3,105 $4,140 $3,000

True Acct. Improvements $0 $0 $200 True Acct. Op. Exp. Pass-thru $0 $158 $1,903 Landscape Maintenance $0 $0 $400

Insurance Colorado Casualty $462 $588 $650Legal / Accounting, Permits& Fees $40 $500 $0Property Taxes - Gurley Bldg. $0 $1,505 $1,550Property Taxes - Land Green Ln. $0 $629 $723Property Taxes - Land (new acre) $0 $362 $416True Acct. Utilities pass-thru $0 $450 $5,400Snow Removal $419 $600 $600Security $0 $25 $300Gurley Church Pest Control $125 $125 $600

Rental Tax:City of Prescott Rental Tax $333 $427 $420

TOTAL EXPENSE $20,480 $28,986 $45,504

INCOME minus EXPENSE $18,363 $25,490 $4,384

2013 Highlights (deadline 12/29/13) – Stewards down 55 in 2012 to 38 2013– Stewardship down 24% to $72K

Complete 2014 form prior to giving moneyWrite clearlyInformation is confidentialReturn by Jan 1, if possible

Thank You!

Stewardship

Stewardship

43

• New Board Members - Nominated• Comments & Questions• Closing Prayer

Conclusion