The 2014-2015 school year marked a new beginning for The Carey School with the opening of our new buildings – adding a new Multi-Purpose room, new classrooms, and centrally locating administrative offices. As if this wasn’t enough, building work was started on the new Tinkering Lab. Our gratitude to all who have helped make The Carey School’s facilities an even more effective learning environment.
The Carey School remains in a solid financial position, with enrollment at capacity. The Carey community continued to show its outstanding support for the school with another record year for Annual Fund contributions, up 10% from the prior year, and record fundraising through the Carey School Parent Association.
Operating expenditures increased less than 5% from the prior year, despite continued pressure from rising health care insurance costs. In addition, this was the first year the school had a full year of debt service cost for the loan for the new buildings. Even with the added debt service cost of $339,000 the school generated a surplus of $104,000 which was added to operating reserves.
For more detailed information, audited financial statements for the 2014-2015 school year may be obtained from the Business Office.