Torch - Fall 2017

How We Fund Havergal

Havergal Expenditures & Capital Reserves

FOR THE YEAR ENDED JUNE 30, 2017

FOR THE YEAR ENDED JUNE 30, 2017

$

$

REVENUE SOURCES

ANNUAL EXPENDITURES

30,884,480

19,528,075

85.2%

58.4%

Tuition and one-time registration fee

Teaching

1,127,965

1,828,470

5.5%

3.1%

Annual Giving and Endowment Fund income

Household, boarding and food services

2,222,106

9.9%

3,312,300

6.1%

Interest and other revenues

Building and property services

1,442,859

8.1%

2,705,575

4.0%

Gross revenues from facility rentals, food services sales, Green & Gold Shop, extended day program, etc.

General and administrative

4.7%

1,584,832

575,308

1.6%

Advancement, Communications and Community Relations

Deferred capital contributions

2.6%

859,311

Student assistance program

100%

36,252,718

1.7%

588,974

Auxiliary and retail operations

3,040,027

9.1%

Amortization of capital assets and reserves

100%

33,447,564

TABLE OF CONTENTS | ANNUAL REPORT 2016–17 39