Technology Gift - Temple School Los Angeles CA
Technology Gift - Temple School Los Angeles CA
Technology Gift - Temple School Los Angeles CA
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4<br />
Budget Committee<br />
Lora Silverman, Chair<br />
The goal of the SAA Budget Committee is to set a balanced<br />
budget that limits tuition as much as possible while still maintaining<br />
the excellent quality of our school. In a typical year, tuition is<br />
increased to support competitive pay increases for our outstanding<br />
faculty and staff, and to fund enhancements of our program. At<br />
the same time, we must be mindful of our obligation to fund<br />
financial aid so that our school program will remain accessible<br />
to all families who desire a Jewish education for their children,<br />
regardless of ability to pay. This year we were able to meet all of<br />
these objectives, even though the need for financial aid remained<br />
very high compared to prior years. Ultimately, we committed to<br />
raising tuition 3%, which was one of our lowest increases in 10<br />
years. As you can see from the charts, tuition income does not fully<br />
cover the expenses of running the school. We are grateful to those<br />
in our community who help us close that gap each year through<br />
generous donations. We remain cognizant of the near term effect<br />
of compounding tuition increases from year to year, and we are<br />
currently developing a long-term solution to maintain affordability<br />
of our school. Last, I am grateful to my committee for the time<br />
and effort they devoted to our task; to our Headmaster, Rabbi<br />
Scheindlin, for his time, patience and guidance; and to our Business<br />
Manager, Jeanne Jacobs-Gaffney, for her hard work, graciousness<br />
and sense of humor throughout this process.<br />
Lora Silverman, Chair<br />
Budget Committee:<br />
Lise Applebaum<br />
Norman Becker<br />
Melissa Bordy<br />
Ira Friedman<br />
Alan Grushcow<br />
Jeanne Jacobs-Gaffney<br />
Jackie Klein<br />
Nahum Lainer<br />
Howard Lesner<br />
Silvia Malamud<br />
Hamid Moghavem<br />
Rabbi Laurence Scheindlin<br />
David Shapiro<br />
Kurt Smalberg<br />
Robert Strauss<br />
Jeffrey Wolman<br />
Income<br />
88% Tuition and Fees<br />
7% Annual Fundraising<br />
4% Other Income<br />
1% Endowment Interest<br />
Expenses<br />
66% Salaries and Benefits<br />
14% Tuition Assistance<br />
5.5% Instructional Program and Equipment<br />
5% Administrative, PR and Development<br />
5% Building, Maintenance and<br />
<strong>Temple</strong> Charges<br />
4.5% Transfer to Endowment
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