Torch - Fall/Winter 2019-20
TABLE OF CONTENTS
How We Fund Havergal
Havergal Expenditures & Capital Reserves
FOR THE YEAR ENDED JUNE 30, 2019
FOR THE YEAR ENDED JUNE 30, 2019
$
$
REVENUE SOURCES
ANNUAL EXPENDITURES
86%
33,324,070
58%
21,183,283
Tuition and one-time registration fee
Teaching
3%
1,286,281
5%
1,963,480
Annual Giving and Endowment Fund income
Household and boarding
5%
2,166,000
10%
3,712,606
Interest and other revenues
Building and property services
4%
1,463,264
8%
2,943,137
Gross revenues from Green & Gold Shop, Extended Day Program, facilities rentals, food service sales, etc.
General and administrative
5%
1,991,292
2%
682,778
Advancement, Communications and Community Relations
Deferred capital contributions
4%
1,342,360
Student assistance program
100%
38,922,393
2%
572,214
Auxiliary and retail operations
8%
3,008,794
Amortization of capital assets and reserves
100%
36,717,166
ANNUAL REPORT 2018–2019 39
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