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又收到nis的email啦, 最多都係$5000可以接受!~
Annual Capital Levy Fact Sheet
What is an Annual Capital Levy?
A Capital Levy is a scheme common in most schools to assess funds for capital improvements such as new facilities and equipment, as well as enhancements to the school environment.
Why do we need a Capital Levy?
While the normal student fees pay staff, student, curriculum and the daily operational expenses, capital funds are required for major maintenance and improvements, and for the replacement of equipment. Currently our funding structure does not address these issues, and we simply must not use the general fund for these purposes at the expense of our instructional programs, class sizes, and learning opportunities for our students. This capital levy is essential to helping us preserve our vision for our educational programs and the integrity of our facilities.
How much am I expected to contribute?
We have set out the structure as follows:
Class
Time
Annual Contribution
K1
Half Day
2500
K2
Half Day
2500
K3
Whole Day
5000
Grade 1, 2, 3, 4, 5, 6
Whole Day
5000
The levy is non-refundable and non-transferable. It is to be paid upon admission with the deposit or upon confirmation of re-enrollment. A discount has been granted to families with more than 1 child enrolled at the school. The oldest child will pay the full amount of the levy while siblings will pay 50%.
These contribution amounts will be fixed for 3 years before they are reviewed based on the needs of the school.
What will the Capital Levy pay for?
The Capital Levy will provide funds for needed repairs and renovations of school buildings and to upgrade equipment and systems. These include restoring and fitting new classrooms, offices and other indoor and outdoor facilities as well as machines and computer equipment for classrooms. Some of these capital investments will be made when funds become available over time. The money will be invested in both campuses according to the priority of their needs.
How will these funds be managed?
These funds will be specifically earmarked for the purposes they were intended for and will be accounted for separately. The school in consultation with the Board will decide on how to best use it. Capital investments made with these funds will be made transparent to the Parents Association periodically. |
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