Results of Operations from The Bermuda High School for Girls’ Association Financial Statements 2011/12
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
9,800,240 599,275
1,011,446 419,922 342,402 588,679 901,757 6,160
13,669,881 (177,903)
249,283 71,380
770,912
9,758,544 593,411
1,060,665 467,619 301,042 434,506 868,386 125,680
13,609,853 202,216
121,691 323,907 745,508
0% 1%
-5%
-10% 14% 35% 4%
-95% 0%
-188%
-105% -78% 3%
Your donations contributed to: New Technology: Continued upgrading of computers and SMART boards throughout the school; Upcoming enhanced teaching & learning and parent communication platform (FROG). Improved Facilities: New flooring in P1 classrooms; New A/C units in Science labs and Music/Dance/Drama rooms; Further improvements to site safety & security.
Donations for Scholarships and other Restricted Funds 4%
Scholarships and Bursaries 7% Interest >1% General Administrative 4% Utilities 3%
School Supplies 3%
Depreciation of Fixed Assets 7%
Building & Equipment Maintenance 4%
School Fees 91% Torchbearer Spring 2013 27 EXPENSES Other Income 3% Annual Giving Donations 2% INCOME
12,317,969 371,021 566,126 236,862
13,491,978
12,516,531 372,431 726,228 196,879
13,812,069
-2% 0%
-22% 20% -2%
2010/11 % Increase/ (decrease)
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