Statement of Financial Activity

Year Ending June 30th, 2017

Income

Pupil Allocation                                                 $7,994,081

Federal Formula Funding                                $1,112,138

Grants, Gifts & Special Events                        $277,535

TOTAL                                                                   $9,383,754

Expenses

Program Services                                             $7,017,619

Administration & General                             $1,307,325

Facilities*                                                           $182,799

Debt Service                                                      $212,261

TOTAL                                                                 $9,089,173

*Facility Improvement from Capital Reserve:     $369,169

Teaching Studio

Income                                                                 $326,905

Expense                                                              $279,909