Torch - Fall/Winter 2018-19

How We Fund Havergal

Havergal Expenditures & Capital Reserves

FOR THE YEAR ENDED JUNE 30, 2018

FOR THE YEAR ENDED JUNE 30, 2018

$

$

REVENUE SOURCES

ANNUAL EXPENDITURES

32,586,680

20,239,380

85.8%

57.05%

Tuition and one-time registration fee

Teaching

1,110,314

1,925,822

5.43%

2.9%

Annual Giving and Endowment Fund income

Household and boarding

2,233,687

9.54%

3,384,743

5.9%

Interest and other revenues

Building and property services

1,467,010

8.67%

3,076,695

3.9%

Gross revenues from Green & Gold Shop, Extended Day Program, facilities rentals, food service sales, etc.

General and administrative

5.23%

1,855,997

582,243

1.5%

Advancement, Communications and Community Relations

Deferred capital contributions

2.67%

945,986

Student assistance program

100%

37,979,934

1.74%

616,862

Auxiliary and retail operations

3,429,789

9.67%

Amortization of capital assets and reserves

100%

35,475,274

TABLE OF CONTENTS • ANNUAL REPORT 2017–18 39