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REVENUE

• Tuition
• Annual Fund
• Endowment Draw
• $20,540,000

Expenses

• Salaries 45%
• Benefits 15%
• Financial Aid 17%
• Plant 15%
• Tuition Remission 5%
• Capital Replacement 3%

2015/16 vs. 2016/17

• Revenue down $130,000 based on 365 students even with 3% increase
• Expenses up (net) $120,000

Starting 16/17 with ($250,000)

• After reducing general expenses by $150,000 and capital replacement by $240,000

Boarding Student $57,200

• If we go to 360, ($286,000)+ reduction in revenue
• Or, over $500,000 less than 2015/2016 when you add in the ($250,000)

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• 2016/2017 will be a tight year
• School is healthy as preliminary budget shows a positive bottom line

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