2010 - 2011 ANNUAL REPORT - Rowland Hall

INANCIAL
2010 - 2011 FINANCE REPORT
It is with pleasure that the Finance Committee of the Board of Trustees reports another
successful year for our school. Rowland Hall enters the 2011-2012 year debt-free and with a
funded contingency account to cushion us in the event of unanticipated financial problems.
Guided by the full Board of Trustees and the school’s administrators, our committee
has focused funding on critical mission-based areas of the budget. However, as tuitionpaying
parents we also understand that enrolling our children at the school is a financial
commitment not taken lightly. Hence we have worked with the administration to identify
operations at the school where, with creative adjustments, we can be more cost effective.
Tuition is our largest source of revenue and total tuition dollars is the product of tuition
rate and total enrollment. While enrollment remains strong we cannot take this for granted,
particularly in our current economic environment. When you refer your friends, neighbors,
relatives, and colleagues to Rowland Hall you are serving a vital component of our financial
stability.
The Annual Fund is the second largest funding source for the school; it provides
approximately $800 per student to make ends meet over and above tuition revenue. Your
generosity to the Annual Fund keeps tuition from rising at higher percentages. Thank you to
all who contribute to the Annual Fund. Many foundations, when considering making a grant
to Rowland Hall, look closely at the percentage of parents participating in the Annual Fund.
In addition, 100% of our faculty and staff give to the Annual Fund each year. To those of
you who have yet to contribute, please consider the need and give a gift this year.
The coming year will provide challenges and opportunities for our school. The
administration, Board of Trustees, and the Finance Committee won’t lose sight of the
importance of providing an excellent education today while maintaining the stability of the
school in the years to come.
John Bird
Chair, Board of Trustees Finance Committee
6 2010 - 2011 / FINANCIAL