S tat e m e n t o f O p e r at i o n s I n d i c at e s Sound Finances Lakeland Christian has been blessed with a sound financial operation for its 58 years of serving the community. That’s because the school strives to be
Revenue $7,774,008 Tuition and Fees $634,037 Contributions $115,908 Interest Income $563,537 Athletics / Food Service / Other $9,087,490 Total Revenue
a careful, conscientious steward of the resources necessary to manage the school operation. Once again, LCS ended its fiscal year in the black and was able to place approximately $300,000 in its cash reserve fund for future opportunities. The modest tuition increase for 2011-12, in light of the comprehensive program, continued to allow LCS to provide great value to school families.
Expenses
$5,463,117 Salaries and Benefits $548,128 Instruction $491,544 Financial Aid $587,725 General Operating Expenses $627,068 Plant Operations and Repairs $415,220 Capital Expenditures $638,288 Athletics / Food Service / Technology / Other $8,771,090 Total Expenses $316,400 Cash Reserve
The firm of CliftonLarsonAllen LLP conducts an annual independent audit of the LCS financial statements. The complete auditors’ report is available for review in the school office.
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