Torch - Fall 2014

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| ANNUAL REPORT 2013–2014 41
How We Fund Havergal Havergal Expenditures and Capital Revenues
FOR THE YEAR ENDED JUNE 30, 2014
$
REVENUE SOURCES
86.9% 27,427,600
Tuition and one-time property upkeep payment
1.8% 563,670
Annual Giving and Endowment Fund Income
5.2% 1,640,120
Interest and other revenues
4.4% 1,371,830
Gross revenues from Green & Gold Shop,
Extended Day Program, facilities rentals, food service sales, etc.
1.7% 543,590
Deferred Capital Contributions
100% 31,546,810
FOR THE YEAR ENDED JUNE 30, 2014
$
ANNUAL EXPENDITURES
60.6% 16,910,246
Teaching
6.1% 1,699,965
Household and boarding
10.2% 2,858,559
Building and property services
8.3% 2,310,577
General and administrative
3.9% 1,080,063
Advancement and communications
2.1% 589,988
Student assistance program
2.2% 627,192
Auxiliary and retail operations
6.6% 1,855,204
Amortization of capital assets and reserves
100% 27,931,794