PSI is a not-for-profit school governed by the Board of Governors elected from within the parent community. All School income is generated by tuition fees and is redistributed to teaching and learning activities and campus operation support. Separately, the School collects a Strategic Development Charge (formerly Capital Levy) that is being accumulated in Strategic Development Funds for the purposes of capital investments and strategic long-term initiatives.
96
Tuition fees
4
Strategic development Fund Income
96
Tuition fees
4
Strategic development Fund Income
79
Staff expense
11
Educational Programme
7
Operational cost
2
Equipment & software
2
Other
79
Staff expense
11
Educational Programme
7
Operational cost
2
Equipment & software
2
Other
The graphs above are generally typical for not for profit international schools.
Staff and their expertise are seen as the major expense and greatest asset of the school.
The table below displays the school's financial performance over five years, including our budget for the new SY 2020 - 2021.
| School Year | 2016 / 2017 Actual | 2017 / 2018 Actual | 2018 / 2019 Actual | 2019 / 2020 Acual | 2020 / 2021 Forecast 1 |
|---|---|---|---|---|---|
| Enrollment (paid students) | 397 | 425 | 429 | 483 | 472 |
| Operational Revenue | 9,6 | 10,4 | 10,6 | 11,6 | 11,3 |
| Operational Expenses | (7,8) | (9,1) | (10,1) | (10.8) | (11,2) |
| Operational Income | 1,7 | 1,3 | 0,5 | 0,8 | 0,1 |
| Accumulated cash at the end of School year* | 3,0 | 3,2 | 3,8 | 5,1 | 4,0 |
| *including Reserve Fund | 0.5 | 2,2 | 2,5 | 3,5 | 3,6 |
PSI continues to increase the reserve fund to strengthen its financial and operational stability. The reserve fund reached 3.5 million USD in SY 2019 - 2020, reflecting the School's strong position in regards to expected economic shortfalls due to COVID-19. The Strategic Development Fund aims to ensure the School has funds for its development and strategic initiatives to improve the learning process.