ICS ADDIS ANNUAL REPORT 2017-18 ICS ADDIS ANNUAL REPORT 2017-18 - Page 18

ICS ADDIS 18 Every year, the ICS administration submits a budget Our number one priority is to recruit and retain to the Board of Governors for approval that balances the best teachers and staff to serve ICS students. revenues against operational and capital expenses Our expenditures reflect this priority, allowing while systematically maintaining our reserves. While ICS us to provide a holistic, vigorous and inclusive relies heavily on tuition and fees to generate 85% of the educational program with world-class teachers. revenues, the long-term strategy is to seek out alternate revenue sources while building strategic relationships. HUMAN RESOURCES INSTRUCTIONAL COSTS OPERATIONAL COSTS RESERVES