ICS ADDIS | 2019-21 | 73
FINANCES
ICS Addis is an independent not-for-profit organization . Every year the ICS Administration submits a budget to the Board of Governors that balances revenue against the operation and capital expenses while systematically maintaining our reserves .
100 % of our revenue continues to come from tuition and fees . Our number one priority is to recruit and retain the best teachers and staff to serve our ICS students , ensuring a highly effective and learning progressive education . Our expenditures reflect this priority .
Additionally , any surplus at the end of the year goes into our emergency reserves and into our capital budget , which allows ICS to remain financially stable in times of downturn and to continue to maintain and expand our beautiful campus .
REVENUES
100
75
50
25
Tuition
Capital Fee
Other Fees