Annual Report 2025 - Other - Page 18
Vienna International School
16
Capital Investments
The annual Capital Fee collected from new students is allocated to investments in campus facility repairs, infrastructure enhancements, and
improvements. In 2024–25, the Board of Governors contracted a technical
assessment of the building before continuing facilities and infrastructure
projects to meet safety, modernization and compliance issues. The technical assessment took place in the second quarter of 2025. The assessment
formed the decision of the Board to put all major investments on hold
taking into account strategic considerations in cooperation with the Republic of Austria and the need to comprehensively plan for investments in
the building. However, the Board will continue to consider infrastructure
projects of safety and security nature and those that bring space efficiency.
Regular IT and other equipment will continue to be updated and replaced
as needed. In 2024/2025 fiscal year, total €0.5 MM was released from
reserves for such purposes, including for the electrical upgrade project
initiated in 2023/2024.
2025–26 Budget
In February 2025, the Board of Governors approved a balanced budget
for the 2025–26 school year. The budget considered the continuing effects
of inflation of 3.5% which was reflected in a tuition increase of only 2.9%
to cover the anticipated CPI-based increase in personnel costs (3.1%) after identifying internal cost efficiencies. The 2025–26 budget is based on
projected revenues of €42.0 MM, including revenue of €38.6 MM from
tuition and other fees including capital fee, €2.2 MM from subsidies and
grants and €1.6 MM from other school revenues. The budget includes
the payment of annual leasehold agreement obligation, funded from the
already mentioned efficiency measures and tight cost controls, without a
need to use financial reserves.
