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ADMIRAL FARRAGUT ACADEMY ANNUAL STATE OF THE SCHOOL ADDRESS

State of the School Address

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Admiral Farragut Academy's finances, enrollment rates, and future plans.

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ADMIRAL FARRAGUT ACADEMYANNUAL STATE OF THE SCHOOL ADDRESS

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

MISSION STATEMENT{ {

THE MISSION OF ADMIRAL FARRAGUT ACADEMY IS TO PROVIDE A COLLEGE PREPARATORY ENVIRONMENT THAT PROMOTES ACADEMIC EXCELLENCE, LEADERSHIP SKILLS, AND SOCIAL DEVELOPMENT WITHIN A DIVERSE COMMUNITY OF YOUNG MEN AND WOMEN.

CORE VALUES{ {

INTEGRITY:

SELF-DISCIPLINE:

PERSEVERANCE:

WELLNESS & FITNESS:

The quality of being honest & having strong moral principles

The ability to control one's feelings & overcome one's weaknesses

Steadfastness in doing something despite difficulty

The state of being in good physical and mental health

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

FINANCIAL TRANSPARENCY{ {

REVE

NUES

Financials for the 2010 & 2011 school year

Tuition & Fees

Auxillary Services

Donations

Summer Camps

2010- 2011

2010- 2011

2010- 2011

2010- 2011

$4,000,000 $8,000,000

$139,197

$191,370

$775,761

$7,883,875

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

FINANCIAL TRANSPARENCY{ {

EXPE

NSES

Financials for the 2010 & 2011 school year

Compensation & BenefitsInsurance

UtilitiesMaintenance

Other Admin. ExpensesFood Service

Summer CampsOther Auxillary ServicesAlumni & Development

InstructionalInterest Expense

Depreciation/Amort.Reserve

2010- 20112010- 20112010- 20112010- 20112010- 20112010- 20112010- 20112010- 20112010- 20112010- 20112010- 20112010- 20112010- 2011

$2,500,000 $5,000,000

$470,664$403,000

$177,027$154,331$122,898

$673,576$51,726

$716,624$509,986$326,682$363,344$232,379

$4,820,226

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

THIS SCHOOL YEAR’S ENROLLMENT{ {07

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T O T A L F O R 2 0 1 1 - 2 0 1 2

3 7 6 S T U D E N T S

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

WHERE ARE YOU FROM?{ {

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1 5 S T A T E S

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

FUTURE PLANS{ {N E W F I N E A R T S C E N T E R & P E R F O R M A N C E H A L L

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

E X P A N D E D W A T E R F R O N T O P E R A T I O N S

FUTURE PLANS{ {

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

S T A T E O F T H E A R T R U B B E R I Z E D8 L A N E T R A C K & F I E L D F A C I L I T Y

FUTURE PLANS{ {

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

FUTURE PLANS{ {N E W 8 L A N E 2 5 M E T E R S W I M M I N G C O M P L E X

N E E D S F O R T O D A Y

N E E D S F O R T O M O R R O W

N E E D S F O R T H E F U T U R E

ADMIRAL FARRAGUT ACADEMYA N N U A L S T A T E O F T H E S C H O O L A D D R E S S

PLANS BECOME A REALITY{ {

S T U D E N T E N R I C H M E N T F U N D

R E S T R I C T E D C A P I T A LG I F T S

G I F T S T O T H E E N D O W M E N T

ADMIRAL FARRAGUT ACADEMYANNUAL STATE OF THE SCHOOL ADDRESS