Torch - Fall 2016

How We Fund Havergal

Havergal Expenditures & Capital Reserves

FOR THE YEAR ENDED JUNE 30, 2016

FOR THE YEAR ENDED JUNE 30, 2016

$

$

REVENUE SOURCES

ANNUAL EXPENDITURES

29,923,030

19,209,862

86.2%

59.20%

Tuition and one-time registration fee

Teaching

1,074,060

1,849,660

5.7%

3.1%

Annual Giving and Endowment Fund income

Household and boarding

1,718,220

10.1%

3,267,970

5.0%

Interest and other revenues

Building and property services

1,435,120

7.4%

2,393,840

4.2%

Gross revenues from Green & Gold Shop, Extended Day Program, facilities rentals, food service sales, etc.

General and administrative

4.9%

1,594,720

544,660

1.5%

Advancement, Communications and Community Relations

Deferred capital contributions

2.5%

819,130

Student assistance program

100%

34,695,090

1.9%

615,440

Auxiliary and retail operations

2,697,860

8.3%

Amortization of capital assets and reserves

100%

32,448,480

TABLE OF CONTENTS | ANNUAL REPORT 2015–16 43