ICD School Budget Information
The total expenses for 2022-2023 are estimated at $4,365,214.63 with an actual cost of education per student of $6,234.59.
The total estimated revenue for 2022-2023 is estimated at $3,369,901.20. This results in a net deficit of $994,313.42.
The Parish Finance Council and Msgr. Ted have agreed to provide a subsidy to the school in the amount of $994,313.42. This parish investment totals $1,420.44 per student or $2,270.12 per family. We thank them for their support of Catholic education.
ICD School will continue to budget $100,000 annually to parish families who are in need of tuition assistance. We are also happy to continue offering a multi-child reduction in tuition helping to make Catholic education more affordable for families with multiple children enrolled at ICD.
Tuition for the 2022-2023 school year is set at $5,819 for one child. This is a 6.65% increase over the current school year tuition rate. Registration fees will remain at $250 per child not to exceed $750 per family. The HSO Obligation is reduced by $190 per family to now total $160 per family, a 54% reduction.
We are thankful to the ICD Parish Community School for their generosity and to those that donate regularly to the church. With this support, ICD School is able to offer a quality Catholic education to our students at a lower tuition rate than the actual cost of education.