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BrewsterConnections - Brewster Academy

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2005-06 Annual Report<br />

1<br />

Total Operating Budget: $15.7 million<br />

rEVENUEs<br />

• Tuition: 73%<br />

Boarding and Day Student Tuition (66%) and Academic Support<br />

Fees (7%)<br />

• Student Related Fees: 8%<br />

Books, trips, laptops, voice/data communications, insurances,<br />

linen services, extra curricular activities, skiing, summer and school<br />

break trips, graduation, publications, yearbooks, library fees,<br />

campus store purchases, etc.<br />

• Gifts and Pledges: 9%<br />

Unrestricted annual funds and other capital gifts<br />

• Summer Programs: 7%<br />

<strong>Brewster</strong> <strong>Academy</strong>’s six-week Summer School, the Royal Thai<br />

Scholar ESL and Immersion Program (now in its 15th year), the<br />

Heifetz International Music Institute (now in its fourth year), the<br />

Great Waters Music Festival (now in its eighth year), craft fairs,<br />

plus various athletic camps and miscellaneous adult educational<br />

workshops, teacher preparation classes, weddings, local New<br />

Hampshire company picnics, annual Huggins Hospital Auction and<br />

Fair<br />

• Investments: 3%<br />

Earned interest on short-term operating cash and long-term<br />

endowments<br />

EXPENdITUrEs<br />

• Personnel, taxes, benefits, non-personnel expenses are included in<br />

each category.<br />

• Direct Educational Instruction and Student Services: 37%<br />

Faculty, community living parents (CLP), coaches’ salaries, departmental<br />

expenses, dining services, athletics, library, health center, campus store,<br />

recreation and weekend activities, dorm residential programs, computer<br />

hardware and software, counseling services, student leadership, computer<br />

programming and technology, etc.<br />

• Financial Aid: 13%<br />

18% of tuition and academic support revenues received are provided<br />

to award to need-based families for boarding and day students.<br />

• Physical Plant Operations: 24%<br />

Staff salaries, utilities, housekeeping and custodial expenses, equipment<br />

leasing, grounds and building maintenance, municipal bond principal and<br />

borrowing interest, plant depreciation, repair and replacement, plant<br />

renewal reserves, liability insurance.<br />

• Administration: 21%<br />

Salaries for the Head of School, clerical support staff, business services,<br />

admissions, alumni, development and fundraising, communications and<br />

marketing, local real-estate taxes, voice and data communications, office<br />

supplies and postage, employee recruitment and human resources, printing,<br />

postage, and tuition/fee losses and un-collectibles.<br />

• Summer Programs: 5%<br />

Programs listed in the Revenue Sources chart plus <strong>Brewster</strong>’s Summer<br />

Institute (BSI) for all newly hired faculty and administrators.<br />

<strong><strong>Brewster</strong>Connections</strong> l Fall 2006

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