Kevin Yaley
Head of School

We are pleased to share that on Monday night at the Board of Trustees monthly meeting the Board approved the FY2012 - 2013 annual budget. This budget is the culmination of six months of effort and collaboration by Parker staff and the Board's Finance Committee. Throughout this thoughtful and comprehensive process, all parties were committed to creating a budget that held fast to four guiding principles:

• Offering our students the best education possible
• Upholding the School's mission
• Ensuring the financial well-being of the School
• Being responsible stewards of the School's resources

The approved FY2012 - 2013 budget allows us to continue our investment in the School, including enhancing our educational program and ensuring that our faculty and staff are compensated appropriately.

At the same time, it is clear that the real costs of an independent education will continue to rise. As a result, measured tuition increases are necessary to support our many great programs. We are committed, however, to implement and monitor these increases carefully, understanding they have a financial impact on our families.

These tuitions reflect a weighted increase of 4.9% over the 2011-2012 school year. This budget positions our school to build upon a long-standing tradition of academic excellence and reinforce our commitment to doing great things with great kids.

We wish to extend a deep and sincere note of thanks to those who had a direct hand in developing this budget — and to all members of the Parker community for their ongoing commitment to providing our students with a first-rate education.

Thank you,

Kevin Yaley 
Head of School Chair

Jon Lauer
Board of Trustees