Annual Reports Annual Report 17-18 - Page 29

Financial Investment Committee Endowment Results The school’s endowment fund for the four quarters before March 31st has grown according to the endowment policy benchmarks, obtaining figures above the expected inflationary returns. Capital Expenditures Based on the expected results and the restricted cash flow funds, $17 Million pesos are planned to be invested in capital expenditures during the summer of 2018. CAPEX OPEX Information Technology IT Salaries IT Facilities Books Insurance Te chnology Integration Maintenance Public Services 1 to 1 Laptop Program Depreciation Other Expenses School Board