34
Annual Report 2017 – 2018
Financials
Crofton House School Financials
Revenues $27.7m Expenses $26.4m
$19.4m $15.7m
Tuition Fees (70.0%) Salaries & Benefits (59.5%)
$3.8m $2.7m
Donations (13.7%) Amortization (10.2%)
$2.8m $1.6m
Government Grant (10.1%) Building & Grounds (6.0%)
$0.6m $1.5m
Alumnae Assoc. & Parents’ Auxiliary (2.2%) Administration (5.7%)
$0.5m $1.4m
Entrance & Application Fees (1.8%) Teaching Supplies (5.3%)
$0.6m $1.1m
Other 1 (2.2%) Advancement & Cost of Fundraising (4.2%)
Includes: Contributions towards
Bursaries & Scholarships,
Interest and Miscellaneous
1
2
Includes: Bursaries &
Scholarships, Interest, and
Miscellaneous
$0.9m
Community Dining (3.4%)
$0.4m
Alumnae Assoc. & Parents’ Auxiliary (1.5%)
$1.1m
Other 2 (4.2%)
2017- 2018 was another
successful year for
Crofton House School,
with a total enrollment
of 897 students,
revenues of $27.7
million and expenses
of $26.4 million.
This year saw the
completion of the
refurbishment of
the Fine Arts Centre
and the significant
increase in support of
our strategic Bursary
Program. We continue
to reduce our bank
loans while increasing
our fund balances.
The School continues
to rely on donations to
improve our campus
and pay down the
loans associated
with construction.
The School received
a clean audit opinion
from KPMG.