Torch - Fall 2012
How We Fund Havergal
Havergal Expenditures and Capital Revenues
FOR THE YEAR ENDED JUNE 30, 2012
FOR THE YEAR ENDED JUNE 30, 2012
$
$
REVENUE SOURCES
ANNUAL EXPENDITURES
84.9%
57.9% Teaching
26,007,900
16,434,310
Tuition and one-time property upkeep payment
2.4%
6.0%
734,450
1,695,920
Annual Giving and Endowment Fund Income
Household and boarding
5.4%
9.4%
1,642,360
2,670,550
Interest and other revenues
Building and property services
5.6%
7.6%
1,713,240
2,161,840
Gross revenues from Green & Gold Shop, Extended Day Program, facilities rentals, food service sales, etc.
General and administrative
4.3%
1,225,730
1.7%
529,690
Communications and advancement
Deferred Capital Contributions
1.7%
494,100
Student assistance program
100.0%
30,627,640
3.2%
909,960
Auxiliary and retail operations
9.9%
2,807,380
Amortization of capital assets and reserves
100.0%
28,399,790
ANNUAL REPORT 2011-2012 33
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