2009-2010 Annual Report - St. Mary's Central High School

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SMCHS Facts and History • In 1916, the first high school classes were offered. • The spring of 1922 brought the first graduation at St. Mary’s High School - four girls. • SMCHS was built on its current site in 1951. • The Music Department addition of the high school was built in 1989. • The “new gym,” aka. Kelsch Gym, Library, Bishop Ryan Chapel, Art Room, Kilzer Conference Room and Elevator wing was built in 1997. • SMCHS is owned by the five Catholic parishes of Bismarck. • SMCHS has two full computer labs with internet access and a multi-media library. • Scholarship and work-study opportunities are available to help defray the cost. • SMCHS is the oldest Catholic high school in the state of North Dakota. Page 10 ASSETS St. Mary’s Central High School Combined Statement of Financial Position July 31, 2010 Current Assets Cash and cash equivalents 387,259 Investments 414,959 Tuition receivable, net of allowance for doubtful accounts of $25,900 25,812 Parish subsidy receivable - Accrued interest receivable 3,229 Total Current Assets $ 831,259 Fixed Assets Buildings 3,668,465 Buses 137,170 Equipment 314,207 Accumulated Depreciation (2,004,465) LIABILITIES AND NET ASSETS Total Fixed Assets 2,115,377 Total Assets $ 2,946,636 Current Liabilities Accounts payable $ 41,011 Current Portion-Long Term Note 229,850 Accrued Payroll Liabilities 1,405 Tuition Advance 91,038 Total Current Liabilities 363,304 Long-term liabilities Note Payable - Diocese Cornerstone Bank Loan 12,826 Total Long Term Liabilities 12,826 Net assets Unrestricted net assets 1,901,649 Temporary restricted net assets 668,857 Total Net Assets 2,570,506 Total Liabilities and Net Assets $ 2,946,636 Certain procedures were performed on the SMCHS 2009-2010 Financial Statement shown above. This report is available for review in the administration office by appointment.
2009-2010 Financial Statement Statement of Income/Revenues and Expenses for the Fiscal Year beginning August 1st, 2009, and ending July 31st, 2010. Unrestricted net assets Income/Revenue Tuition $ 1,034,520 Parish Subsidies 815,165 Circle of Saints/Donation Revenue 161,136 Fee Revenue 79,945 Federal Grants 16,009 Interest Revenue 76 Sub Diocesan 36,373 Gift 150,000 Miscellaneous Income 78,887 ______________ Total Income/Revenue $2,372,111 Expenses Expenses Salary/Benefits (73%) $1,764,170 (Salary, Health Insurance, Retirement, Workers Comp. & Payroll Tax) Operations (14%) 335,565 (Repairs/maintenance, Insurance expense Utilities expense, Rent expense and Depreciation expense) Instructional (7%) 171,837 (Supplies expense, Classroom supplies, Books/magazines/textbooks, Music expense Speech expense, Equipment expense) Office/Administration (5%) 124,910 (Travel expense, Postage expenses, Dues Administration expense, Accounting expense) Other (1%) 9,343 (Interest, Debt & Other Expenses) ______________ Total Expenses $2,405,823 Page 11
Page 1 and 2: St. Mary’s Central High School A
Page 3 and 4: Dear Friends, Alumni, and Benefacto
Page 5 and 6: SMCHS Circle of Saints Community Su
Page 7 and 8: James & Nadeane Silbernagel anonymo
Page 9: Seth Wise Class of 1990 Christine B
Page 13 and 14: St. Mary’s Central High School 20
Page 15 and 16: St. Mary’s Central High School Wh

2009-2010 Annual Report - St. Mary's Central High School

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