2017-2018 Charlotte Preparatory Annual Report

6 Budget for 2017-18 We are proud to report that we are fiscally sound and meeting our expenses. Funds for operat- ing the school come from a variety of sources: tuition, fees and services, and state scholarships (McKay Scholarship & Step Up for Students Scholarship). Charlotte Preparatory School’s revenue come primarily from tuition followed by state scholar- ships, fees and services, and fundraising. The fees and services category includes registration fee, student enrichment fee as well as funds collected for aftercare and summer camps. As illustrated in the following pie chart, Charlotte Preparatory School’s largest expense is staff wages and benefits followed by general operations and facility operations. . Strategic Plan Charlotte Preparatory School’s last strategic plan was created in 2014. The objectives of the strategic plan were achieved by our staff and board ahead of schedule. As a result, The Board of Trustees developed and approved a new strategic plan on April 23, 2018. This new plan spans the next five years and will end in the 2022-2023 academic year. The Board extends a special thank you to the staff for their continued dedication to the students and to improving their educational experience. View this plan in the appendix on pages 20 & 21.