Note: this information is extracted from last year’s 2018 annual report and presented here for convenience.
EEFC had an operating deficit of $34,000 in FY18. We had budgeted for a deficit of $10,000. We ended the fiscal year with assets of roughly $160,000 compared with $186,000 in FY17. We received scholarship and nest egg (endowment) donations of $19,660 and $2,535 respectively. This totals to $22,195 of restricted income. Gifts for scholarships are not included in the operating budget until awards are made.
• Operating income includes scholarships awarded in FY18. Prior to FY15, scholarship awards were included in the Tuition slice.
• Prior year FY2017 charts are here. FY2016 charts are here. FY2015 charts are here. Inner
rings have more detailed categories, outer rings are summary categories. Changes in categories
are a result of changes in EEFC’s budgeting and accounting procedures.