LCIS Financial Position
ASSETS
Current Assets
LIABILITIES & EQUITY
Current Liabilities
Total Cash $ 5,015,680
Total Accounts Receivable $ 1,902,058
Total Other Current Assets $ 972,052
Total Current Assets $ 7,889,790
Buildings $ 3,924,535
Furniture & Other Equipment $ 482,542
Land $ Land & Building Improvements Total Accounts Payable $ 160,874
Total Other Current Liabilities $ 8,960,316
Total Current Liabilities $ 9,121,190
Total Liabilities $ 9,121,190
Retained Earnings $ 3,741,588
1,309,825 Net Income $ 1,806,985
$ 705,858 Total Equity $ 5,548,573
Musical Instruments $ 17,221 Swimming Pool $ 178,807 TOTAL LIABILITIES & EQUITY $ 14,669,763
Total Fixed Assets $ 6,618,788 Total Other Assets - Uniform Inventory $ 161,185
Fixed Assets
LCIS continues its commitment to operating as a financially
stable educational institution and our net performance is a true
reflection of that. This year, LCIS achieved a positive position
before depreciation and capital investments. Outside of our
tuition-driven operating budget, major and new initiatives are
funded by our Annual Fund and Capital Campaign. Examples
include the Dingman Hall which was realised in the 2017-18
school year, and some pre-construction expenses for the new
Upper School. The charts below are representative of the
financial performance and position for the 2017-2018 school
year. (Please note: these figures are pre-financial audit which
is currently underway and are subject to change).
Source
Tuition &
Admission
Revenues
Allocation
Operating
Budget
Use
School
Operating
Costs
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INCOME
$ 248,100
Admission Revenue & Entrance Fee
$ 8,067,885
Tuition
$ 3,051,068
Total Donations
$ 180,083
EDS Income
Other Income
$
Educational
Enhancements Prof Development
New Programmes
Capital
Improvements Capital
Investments
TOTAL ASSETS
$ 14,669,763
77,599
$ 11,624,735
Total Income
EXPENSE
Administrative Expenses $ 812,607
Technology Expenses $ 387,713
Operating & Maintenance $ 981,050
Instructional Expenses $ 538,628
EDS Expenses $ 223,453
Staff Salaries & Benefits $ 6,120,883
New Campus Related Expenses $
753,416
Total Expense
$ 9,817,750
Financial Aid
Donations
LCIS Net Performance
2017-2018
Equity
NET ORDINARY INCOME
Operational
Budget Budget
Draft Budget
Approval Budget
Management Monthly
Review Financial
Review
School
Management Finance
Committee Board School
Management Finance
Committee Every
Board
Meeting
$ 1,806,985
Annual
external
audit of
LCIS
Financials*
(before depreciation)
*Our financials are audited by Deloitte each year. Copies are available by request from the Business Office.
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