Page 12 - 2022-2023 Annual Report
P. 12
Expenses Income
Beginning Cash Balance $1,075,613 ͣ1
Revenue
Tuition and Fees $2,367,402
Other Revenue $67,169
$2,434,571
Operating Expenses
Salary & Wages $1,575,230
Other HR Expenses $343,591
Other $210,297
Development & PR $28,464
Building Operating Expenses $359,742
Mortgage Principal Payments $256,195
$2,773,519
Net Operating Balance $736,665
Interest and Capital Expenses $59,641
Net Operating Balance Before Development $677,024
Development
Fundraising $114,046
Scholarship and Other Designated $18,368
Annual Fund $191,686
$324,100
Other
2
Capital Investment ($500,000)
Ending Cash Balance
$501,124 3
1
Beginning cash includes $279,961 of 2022/23 tuition paid in advance of the 2022/23 school year and is $8,294 higher than last year's ending cash due
to an adjustment made during the audit.
2 Allocation of funds into two interest-yielding Certificate of Deposit (CD) accounts.
3
Ending cash includes $47,195 of 2023/24 tuition paid in advance of the 2023/2024 school year. (Note: This is a pre-audit report.)
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