Houston’s Premier PK3 – 12th Grade International Day School

Year End Summary

The following diagrams and information showcase the financial position and operating budget of The Awty International School at the end of the fiscal year 2016-2017.

REVENUE

...Tuition and Fees $38,456,993

...Auxiliary and Other Program Service Fees $2,919,272

...Contributions and Fundraising Events $1,404,466

...Investment Return $371,372

...Other $106,628

TOTAL OPERATING REVENUE..................................................................................... $43,258,731


88.9% 6.7% 3.2% 0.9% 0.2%


EXPENSES

...Instructional and Student Activities $32,366,337

...Management and General $6,508,975

...Financial Aid $2,280,038

TOTAL EXPENSES........................................................................................................ $41,155,350


78.6% 15.8% 5.5%


OTHER FINANCIAL INFORMATION AS OF JUNE 30, 2017

Value of Investment Fund.............................................................................................$5,097,594

Last 5 Years of Capital Expenditures..........................................................................$41,544,052

Historically capital expenditures have been funded by capital campaigns, building fees, and borrowed funds, of which $383,455 remains outstanding on an original $6,000,000 loan. This loan was refinanced in June 2011 to be payable over seven years. In July 2011, Awty also borrowed $10,000,000 to be payable over ten years, of which $6,550,387 remains outstanding. In April 2017, the school obtained a loan with the bank to borrow up to $12,500,000 to be payable over seven years. Proceeds from the loan were used to repay a bank loan from July 2014 and to finance the construction of the Early Learning Campus. This loan has an outstanding balance of $5,364,362.