Finances

Operating Budget

The collaborative budgeting process at LTS includes the Head, Business Manager, Board Treasurer, and Finance Committee. They believe in a conservative approach to budget development, closely monitoring its financial position throughout the year. The School works continuously to grow its tuition base and level of philanthropic giving and has recently launched a capital campaign to add significant athletic, performing arts, and academic space enhancements to its campus and also materially reduce debt.

LTS maintains very healthy financial reserves of approximately $2,700,000.

For the 2016-2017 academic year the School has committed $370,428 in total tuition assistance. The average need based award is $13,786. Of the total student population, 21% of Lake Tahoe School students receives need based financial aid.

 

STRATEGIC PLAN

The LTS Board of Trustees understands fully its responsibility, in conjunction with its next Head of School, to expand upon its existing vision and adopt a strategic plan tailored to build upon its success in recent years. The Board recently conducted a two- day retreat focused on building a stronger model for financial growth. From the conceptual goals agreed upon, it has also adopted key action steps and time frames for implementation. It wishes to engage the new Head fully in the programmatic vision for the School and critical steps to drive LTS to new heights of excellence in the future.