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PROFORMA _ BUDGET

Page 1

Schedule

K

1

2

3

4

5

MATH K (RBLM)

MATH I ( RBLM )

MATH II

MATH III

MATH IV

MATH V

SCIENCE

SCIENCE

SCIENCE (RBLM)

SCIENCE (RBLM)

SCIENCE

SCIENCE

GRAMMAR

GRAMMAR

GRAMMAR

GRAMMAR

GRAMMAR

6

7

HIGH SCHOOL

Chapel LATIN I

Humanities I LATIN

MATH

Humanities

HUMANITIES

LATIN

LATIN HS

Latin

MATH

MATH

SCIENCE

MATH SCIENCE LATIN HS

Lunch HUMANITIES

GRAMMAR

MUSIC T/TH /ART M/W

HUMANITIES

MUSIC T/TH /ART M/W HUMANITIES

Humanities

MUSIC / ART / PE

HUMANITIES

HUMANITIES

HUMANITIES

HUMANITIES II HUMANITIES

HUMANITIES

MATH HUMANITIES

Science

Science

ART M MUSIC T PE W/TH

SCIENCE PE M/T MUSIC TH /ART W

End of Day # of Enrolled or minimum student

14

14

14

14

12

12

12

12

12

12

12

# of maximum students

14

14

14

14

14

14

14

14

14

14

14

140

Low Census

154

High Census


Salary

Teacher

LEADERSHIP

Salary

Head of School Secretary Academic Dean (Primary) - STIPEND Acaemic Dean (Secondary) - STIPEND

$36,000.00

$35,280.00 $35,280.00 $41,609.55 $40,000.00

$92,000.00 $30,000.00 $20,000.00 $20,000.00

$35,280.00 $42,509.00 $37,044.00 $28,244.00 $36,000.00 $41,609.55 $12,360.00 $33,000.00 $8,640.00

FACULTY Teacher Teacher Teacher Teacher Teacher Teacher Teacher Teacher Teacher Teacher Teacher Teacher Teacher Teacher

$3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00 $3,725.00

Subtotal Number of employees with discount

Discount Amount

TOTAL

$462,856.10

SUBSTITUTE ESTIMATE

$9,257.12

TOTAL FACULTY

$472,113.22

FACULTY TAX LEADERSHIP TAX

TOTAL $162,000.00

TOTAL LEADERSHIP

12.00%

$56,653.59

12.00%

$19,440.00

Per employee estimate $400.00 Number of employees 14 WORKMEN'S COMP $5,600.00 Number of Leadership Number of Faculty

4 14

$162,000.00

DISCOUNT GIVEN

TOTAL

MEDICAL BENEFITS

RETIREMENT BENEFITS

$52,150.00 0

50.00%

$52,150.00

$0.00

$3,750.00


FIXED EXPENSES

Low Student Census

High Student Census

140

154

includes taxes

RENT Annual Insurance

$82,000.00 on new $12,574.00 building

Workmen's Comp Annual Internet Annual Marketing Budget

$5,600.00 $6,828.00 $4,000.00

Annual School Cleaning Expense Utilities & Internet & Phone System Training 990 Annual Filing CLT

$13,000.00 $21,740.00 $15,000.00 $2,500.00 $3,300.00

Events (protocol, retreat, faculty, grad)

$12,000.00

Gala Software and Subscriptions ACCS Membership

$20,000.00 $6,282.00 $2,500.00

Total Fixed Expenses

Type

VARIABLE EXPENSES

Low Total

High Total

$1,050,000.00

$1,155,000.00

Tuition Rate

$0.00

$0.00

$7,425.00

Tuition Rate

$0.00

$0.00

$3,712.50

Tuition Rate

$0.00

$0.00

$618.75

Tuition Rate

$0.00

$0.00

Tuition Rate

$0.00

$0.00

Tuition Rate

$0.00

$0.00

Full Tuition

AVG Tuition

$207,324.00

5% increase

Amount

Low Census

High Census

$7,500.00

140

154

$7,500.00

140

154

$1,050,000.00

$1,155,000.00

Curriculum Fee

$350.00

140

154

$49,000.00

$53,900.00

Enrollment Fee

$200.00

8

10

$1,600.00

$2,000.00

Equipping Minds

$0.00

10

10

$0.00

$0.00

288

318

$50,600.00

$55,900.00

Discounts if applicable Number of students Discount amt. 1 or families

Total discount

TOTALS

Education program expense per student/teacher annually

140

154

Classroom Supplies & Curriculum Resources

$75.00 $10,500.00

$11,550.00

Amount per faculty member Curriculum NAME NAME NAME

$0.00 $0.00 $285.00 $39,900.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $360.00 $50,400.00

$0.00 $43,890.00 $0.00 $0.00 $0.00 $55,440.00

$1,000.00

0

$1,000.00 $1,000.00 $0.00

TOTALS

Administrative Expense Printer/Printing

per student anually $28.00

140 $3,920.00

154 $4,312.00

Office Supplies Concordis NAME NAME NAME

$30.00 $4,200.00 $50.00 $84,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $58.00 $92,120.00

$4,620.00 $92,400.00 $0.00 $0.00 $0.00 $101,332.00

Facility Expense Janitorial Supplies Furnishings (capital expenditures) Repair and Maintenance Building (capital expenditures) NAME NAME

per student annually 140 $30.00 $4,200.00 $35.00 $4,900.00 $35.00 $4,900.00 $35.00 $4,900.00 $0.00 $0.00 $0.00 $0.00 $135.00 $18,900.00

TOTALS

154 $4,620.00 $5,390.00 $5,390.00 $5,390.00 $0.00 $0.00 $20,790.00

$0.00

$2,000.00

Total Classroom/office/teacher/printing supplies Low Census

High Census

$18,620.00

$20,482.00


LOW CENSUS

140

REVENUE

HIGH CENSUS

154

REVENUE

Tuition Fees TOTAL GROSS REVENUE

$1,050,000 $50,600 $1,100,600

Tuition Fees TOTAL GROSS REVENUE

$1,155,000 $55,900 $1,210,900

FACULTY DISCOUNTS

$52,150

FACULTY DISCOUNTS

$52,150

FAMILY DISCOUNTS

$0

FAMILY DISCOUNTS

$0

TUITION ASSISTANCE

$80,000

TUITION ASSISTANCE

$80,000

TOTAL DISCOUNTS

$132,150

TOTAL DISCOUNTS

$132,150

NET REVENUE AFTER DISCOUNTS

$968,450

NET REVENUE AFTER DISCOUNTS

$1,078,750

EXPENSES ADMINISTRATIVE SALARIES ADMINISTRATIVE SALARIES

EXPENSES Annual

ADMINISTRATIVE SALARIES

$162,000

FACULTY SALARY TOTAL FACULTY

ADMINISTRATIVE SALARIES

Annual $162,000

FACULTY SALARY $462,856

SUBSTITUTES

TOTAL FACULTY

$462,856

SUBSTITUTES

ESTIMATED SUBSTITUTES

$9,257

ESTIMATED SUBSTITUTES

$9,257

PAYROLL TAX

$76,094

PAYROLL TAX

$76,094

MEDICAL BENEFITS

$0

MEDICAL BENEFITS

$0

RETIREMENT BENEFITS TOTAL PERSONNEL

FIXED EXPENSES

RETIREMENT BENEFITS $710,207

ANNUAL

TOTAL PERSONNEL

FIXED EXPENSES

$710,207

ANNUAL


Building Taxes

$82,000.00

Building Taxes

$82,000.00

Annual Insurance

$12,574.00

Annual Insurance

$12,574.00

Workmen's Comp

$5,600.00

Workmen's Comp

$5,600.00

Annual Internet

$6,828.00

Annual Internet

$6,828.00

Annual Marketing Budget

$4,000.00

Annual Marketing Budget

$4,000.00

Annual School Cleaning Expense

$13,000.00

Annual School Cleaning Expense

$13,000.00

Utilities & Internet

$21,740.00

Utilities & Internet

$21,740.00

Training

$15,000.00

Training

$15,000.00

990 Annual Filing

$2,500.00

990 Annual Filing

$2,500.00

CLT

$3,300.00

CLT

$3,300.00

Events (protocol, retreat, faculty)

$12,000.00

Events (protocol, retreat, faculty)

$12,000.00

Gala

$20,000.00

Gala

$20,000.00

Software and Subscriptions

$6,282.00

Software and Subscriptions

$6,282.00

ACCS Membership

$2,500.00

ACCS Membership

$2,500.00

TOTAL FIXED

$207,324

TOTAL FIXED

$204,824

Total Fixed

$917,531

Total Fixed

$915,031

VARIABLE EXPENSES

VARIABLE EXPENSES

Annual

EDUCATION PROGRAM EXPENSE

Annual

EDUCATION PROGRAM EXPENSE

Classroom Supplies & Curriculum Resources

$10,500

Classroom Supplies & Curriculum Resources

Amount per faculty member

$0

Amount per faculty member

$0

Curriculum

$39,900

Curriculum

$43,890

NAME

$0

NAME

$0

NAME

$0

NAME

$0

NAME

$0

NAME

$0

TOTAL

$50,400

TOTAL

$55,440

ADMINISTRATIVE EXPENSE Printer

$11,550

ADMINISTRATIVE EXPENSE $3,920

Printer

Office Supplies

$4,200

Office Supplies

$4,620

Concordis

$84,000

Concordis

$92,400

NAME

$0

NAME

$0

NAME

$0

NAME

$0

NAME

$0

NAME

$0

BANK PROCESSING FEES

$7,748

BANK PROCESSING FEES

$8,630

TOTAL

$99,868

TOTAL

$109,962

FACILITY EXPENSE

$4,312

FACILITY EXPENSE

Janitorial Supplies

$4,200

Janitorial Supplies

$4,620

Furnishings (capital expenditures)

$4,900

Furnishings (capital expenditures)

$5,390

Repair and Maintenance

$4,900

Repair and Maintenance

$5,390

Building (capital expenditures)

$4,900

Building (capital expenditures)

$5,390

NAME

$0

NAME

$0


NAME

$0

NAME

$0

TOTAL

$18,900

TOTAL

$20,790

Total Variable

$169,168

Total Variable

$186,192

TOTAL EXPENSES

$1,086,698

TOTAL EXPENSES

$1,101,223

Net Income

-$118,248

Net Income

-$22,473

Fundraising (financial aid previous year)

$80,000

Fundraising (financial aid previous year)

$80,000

FINAL NET

-$38,248

FINAL NET

$57,527