Results of Operations from The Bermuda High School for Girls’ Association Financial Statements 2010/11


2009/10 Income


School Fees Other Income


Donations for Scholarships and other Restricted Funds Annual Giving Donations


Expenses Salaries & Benefits


Building & Equipment Maintenance Depreciation of Fixed Assets School Supplies Utilities


General & Administrative Scholarships & Bursaries Interest


Net Revenue from Operations Gains/(Losses) on Investments


Net Revenue to Assocation Fund (for future needs) Capital Expenditures


9,758,544 593,411


1,060,665 350,071 301,042 434,506 868,386 125,680


13,492,305 202,216


121,691 323,907 745,508


9,512,784 561,320


1,108,243 327,367 291,954 470,574 835,307 182,020


13,289,569 175,940 50,080


226,020 805,801


3 6


(4) 7 3


(8) 4


(31) 2%


15%


(143) 43 (7)


Your donations contributed to: New Technology: New desktop PCs and smartboards to replace older models throughout the school; upcoming new student management and billing system. Improved Facilities: Upgrade of Main Hallway and Administrative Offices; Replace Butterfield building air conditioning; Zypex sealing of Gosling Wing.


Expenses


Donations for Scholarships and other Restricted Funds 5%


Scholarships and Bursaries 7% Interest 2% General Administrative 5% Utilities 2%


School Supplies 3%


Depreciation of Fixed Assets 8%


Building & Equipment Maintenance 4%


EXPENSES Other Income 2% Income Annual Giving Donations 2% INCOME


12,516,531 254,883 726,228 196,879


13,694,521


12,519,885 337,595 322,081 285,948


13,465,509 0


(25) 125 (31) 2


% Increase/ (decrease)


Torchbearer Spring 2012


25


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