1	"St" St. Clare School FY 06-07 Budget & Tuition Presented at Town Hall Jan. 10, 2006
2	Objectives Ensure provision of financial resources to: Maintain competitive wages - to attract and retain the highest quality faculty Full-Day Kindergarten - respond to demand Improved Vital Programs – learning specialist Balance these needs with realistic tuition, stewardship and fundraising goals to maintain an affordable Catholic education. Including offering tuition assistance
3	Financial Challenges Actual Cost/yr. to Educate Each Child Increases 2005-2006: $ 5,572 2006-2007: $ 6,027; up $455; 8.2% SAC Goal: Teachers’ salaries are at least 80% of Portland Public Schools’ This year: Min. 81.5%;Ave. 83%. PPS Structure Changed Significantly Next year: Meet Min. 80% goal.
4	Financial Challenges Insurance rates continue to rise: Budgeted 15%+ increase for liability and health insurance. Fundraising continues to be challenging in these economic times
5	Balancing the Budget 8.0% tuition increase 1^st sibling: $31/mo. or $310/yr. Projecting 227 students next year Encourage voluntary contributions up to cost per student All-Day Kindergarten tuition Same as Grades 1-8
6	Budget: Increase of 8%
7	Income Breakdown
8	Fundraising Activities
9	Expense Breakdown
10	Tuition: 70% of Cost to Educate
11	What can you do to help? Market St. Clare school – full enrollment is key to keeping the budget in balance Pay the Full Cost to Educate your child if you are able Support our Fundraising Programs Support our Faculty and Staff - they are making a financial sacrifice to stay at St. Clare; let them know you appreciate them! Take advantage of Employer Matching Gift Programs Be an active, supporting member of St. Clare Parish Market St. Clare school – full enrollment is key to keeping the budget in balance