ollaboration ⢠Excellence - Cary Academy
ollaboration ⢠Excellence - Cary Academy
ollaboration ⢠Excellence - Cary Academy
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Budget Adjustments Impact:<br />
Financial<br />
Financially Sound Footing<br />
– Ran in the black in 2010-11; on track in 2011-12<br />
– Compensated for a net $800,000 reduction this year<br />
and an additional $235,000 next year<br />
– No debt<br />
– Strong, stable sources of auxiliary income<br />
(rentals, summer programs, additional programs)<br />
– Strong potential for increased annual giving and<br />
targeted major gifts<br />
– Newly increased endowment from a $15,000,000<br />
gift<br />
Discovery • Innovation • C<strong>ollaboration</strong> • <strong>Excellence</strong>
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