Duke School Under the Oak Magazine, Fall 2017

DUKE SCHOOL
ANNUAL REPORT
2016 -17
INCOME
EXPENSES
Net Fund Raising
4.4%
Auxiliary Programs
9.0%
Net Tuition and Fees
86.6%
Classroom Resources
and Other Admin Costs
18.3%
Salaries and Benefits
70.7%
Debt Service
2.1%
Facilities
4.6%
Auxiliary Programs
4.3%
NET TUITION & FEES
This income is derived from student tuition, The Learning Center
and certain fee charges.
AUXILLARY PROGRAMS
This is income from all camps, after school programs and
educator workshops.
NET FUND RAISING
This category embraces our fundraisers and
Dragon Fund net figures.
2016-17 Fundraising Campaign Highlights:
$485,498 total dollars raised
72% parent participation
28% grandparent participation
*Data is based on a June 2017 year-end forecast.
If you have questions about this budgetary information, please contact Russell Rabinowitz,
director of finance and operations, at russell.rabinowitz@dukeschool.org.
SALARES & BENEFTS AND CLASSROOM &
ADMINISTRATIVE COSTS
These categories include all expenses related to instructional and
academic activity, including faculty and staff salaries and benefits,
programmatic expenses, student support services, classroom
materials and supplies, media centers, faculty development,
technology and laptops, and special programs. All included are
expenses related to Duke School Admissions, Marketing and
Communications, Human Resources, Business, and Development
Offices, etc.
FACILITIES
This category includes all costs related to operations and the
repair and maintenance of school-owned facilities and grounds. It
includes: utilities, waste removal, supplies, repair and maintenance
of campus buildings, grounds, streets, fields and related machinery
and equipment.
DEBT SERVICE
This category represents the payment of interest and principal
on outstanding tax-exempt revenue bonds. The bonds were used
to finance the costs of construction, improvement, renovation,
furnishing, and equipping the existing school.
AUXILIARY SERVICES
These are the expenses of auxiliary service functions such as after
school, camps and similar operations.
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UNDER THE OAK