When the school bell rang for the first time, BA’s fiscal principle had already been established to ensure long-term financial soundness and strength.
Included in these fundamentals is that tuition will cover operating costs. With this guiding principle, your annual giving is available for creating a better learning environment and for programs that enrich the children’s overall experience.
Unrestricted annual giving (primarily the Annual Fund and the Dinner Auction) is separately designated for student-focused recurring capital expenditures, not annual operating expenses. Annual giving makes possible facility renovations and upgrades, while The Five Star Legacy Endowment has continued to be a source of controlling tuition through scholarships and restricted donations.
Tuition is intended to pay the basic regular day-today operating expenses of the school. It is the policy of the school to set tuition annually based on a balanced, preliminary budget. At Brookfield Academy, the preliminary budget is determined based on the costs of people, programs, and services. The school develops a plan to allow covering all costs with tuition while maintaining excellent teachers, quality facilities, and a safe environment for students to learn.
Sound financial, operational, and personnel management coupled with responsible stewardship continues to allow Brookfield Academy to operate within a balanced budget from year to year. Any excess in revenues over expenses is used to reduce debt.