Dayspring Christian Academy

State of the School
State of the School

Last school year was a difficult time for all of us and culminated with the staff and faculty taking a 10% pay cut. Praise God, we were able to end the year with a smaller than anticipated deficit and provide the teachers with a bonus that was roughly equivalent to their cut in pay.

This year the stewardship committee, a special committee of the school board, in concert with Del Groen and Cheri Morgan, developed a school budget that resulted in an annual fund need of $550,000. The annual fund is the amount needed to bridge the gap between what tuition covers and the actual costs to provide a Christ centered education. This is $250.000 less than last year. The largest budget savings is the 10% pay cut for faculty and staff.

We are very pleased to report that this year we are still under budget!

Blessings for the TeachersA group of anonymous donors provided a Christmas bonus to the teachers and staff. These bonuses ranged from $500 to a $1,000 depending upon seniority.  Praise God that these individuals shared their bounty with others.

$600,000 donation to DCA Foundation a long-term blessing

Many of you know that the school is operated by DCA and that the building is owned by the DCA Foundation. The school pays rent to the Foundation on a monthly basis. This December the Foundation was blessed with a designated gift, it has to be used for the specified purpose, in this case for long-term debt reduction. Praise God that the debt burden over the Foundation and in turn the school has been reduced. The schools rental payment is equal to the monthly payments the Foundation makes to the bank. However, this does not change the schools monthly rental payment. Just like your home mortgage if you make a large principal payment it shortens the length of the loan but does not decrease your monthly payments. The schools needs and short term financial position are unchanged. Our annual fund need is still at $550,000 less donations and cost savings that we achieved.

Current needs $300,000

Our best estimates are that we will need $300,000 to make it through the end of the year with no additional cuts in salary or other operational areas. Through donations and belt tightening the annual fund need has been reduced by $250,000, Praise God! Annual fund need of $550,000 less the $250,000 in donations and savings leaves a need of $300,000.