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TABLE OF CONTENTS
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ANNUAL REPORT 2015–16
43
How We Fund Havergal
Havergal Expenditures & Capital Reserves
FOR THE YEAR ENDED JUNE 30, 2016
$
REVENUE SOURCES
86.2%
29,923,030
Tuition and one-time registration fee
3.1%
1,074,060
Annual Giving and Endowment Fund income
5.0%
1,718,220
Interest and other revenues
4.2%
1,435,120
Gross revenues from Green & Gold Shop,
Extended Day Program, facilities rentals, food service sales, etc.
1.5%
544,660
Deferred capital contributions
100%
34,695,090
FOR THE YEAR ENDED JUNE 30, 2016
$
ANNUAL EXPENDITURES
59.20%
19,209,862
Teaching
5.7%
1,849,660
Household and boarding
10.1%
3,267,970
Building and property services
7.4%
2,393,840
General and administrative
4.9%
1,594,720
Advancement, Communications and Community Relations
2.5%
819,130
Student assistance program
1.9%
615,440
Auxiliary and retail operations
8.3%
2,697,860
Amortization of capital assets and reserves
100%
32,448,480