Balance Sheet


June 30 2018


Assets Cash


Fees & donations receivable Other assets Investments Capital assets Total assets


Liabilities


Accounts payable and accrued liabilities $ Prepaid fees and student deposits Total liabilities


$ Fund Balances


General Fund - operations & capital assets


Restricted Fund Endowment Fund Total fund balances


Total liabilities and fund balances Income Statement


Revenues Tuition & fees


Donations


Other income Total revenues


Expenses Salaries & benefits


Plant, maintenance & depreciation School resources & administration Scholarships & bursaries Total expenses


Net income


General Fund - operations & capital assets


Restricted Fund Endowment Fund


Net (decrease) / increase in fund balance


$ (1,156,946)


(61,465) 479,394


(739,017) 230,704 75%


(202,045) 811,296


839,955 Torchbearer Spring 2018 31 (Summary from The Bermuda High School for Girls Association Financial Statements) Annual Report 2017 - 2018 7 $


12,200,888 1,719,449 1,349,063 1,072,762


11,468,642 1,838,564 1,186,127 1,070,627


$ 16,342,162 15,563,960 10% 7% 8% $ $ 10,010,768 640,971 5,769,433 10,882,381 429,925 5,515,039


$ 16,421,172 16,827,345 $ 19,220,138 19,533,877


2018


13,724,946 943,390 934,809


2017 88%


14,276,935 879,933


1,247,047 $ 15,603,145 16,403,915 Uses of Funds Uses of Funds Salaries & benefits


Plant, maintenance & depreciation


School resources & administration Scholarships & bursaries


Sources of Funds Sources of Funds


6% 6% Tuition & fees Donations Other income


1,987,169 811,797


2,798,966


1,901,132 805,400


2,706,532 $


1,739,388 932,156 177,059


5,530,183 10,841,352


June 30 2017


2,439,664 803,413 158,818


5,421,120 10,710,862


$ 19,220,138 19,533,877 Land,


Buildings and Equipment, $10,841,352


Endowment Cash &


Investments, $5,769,433


Assets


Operating Cash &


Receivables, $2,181,658


Restricted Funds,


$427,695


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