FROM THE TREASURER OF THE BOARD OF TRUSTEES STEPHEN PERKINS
Dear AVS Community, I am pleased to share that the Alta Vista School remains financially secure. As in prior years, tuition is our largest revenue source and faculty compensation our largest investment. As a Board, we seek to craft our budget to reflect our values as a school –– and we achieve this with teachers receiving the large majority of our spending while being intentionally lean in other areas. In addition to salaries, we have added non-classroom resources that directly aid teachers. For example, each campus now has a Dean of Students, a counselor and at least one curriculum specialist –– resources that Dr. Sean and the board heard from the community and teachers would help classroom educators concentrate on AVS’s inquiry-based STEAM curriculum and build further consistency across grades. We intend to continue to dedicate resources in this area to attract, enable and retain our exceptional teachers. We are further supplementing our staff with the addition of Alta Vista’s first CFOO, Joe McCann. He will be expanding upon the solid work of staff and years of financial strategy implemented by volunteer board members. We expect improved operational consistency and efficiency as well as freeing up our school heads to focus further on students and teachers. Dr. Sean, Katie and Dr. Liz wear many hats, and Joe’s addition will allow them to prioritize those that impact Aviators directly. While the number of students and staff at Alta Vista has matured to reach our capacity of 320 students, the school’s finances still manage to find new surprises and opportunities. In March 2023, our exposure to the challenges of First Republic Bank created turbulence. Thanks to the quick work of Dr. Sean, our business manager Penny Pruzan, and the Board we navigated that period
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