GOAL 6: FINANCIAL SUSTAINABILITY
Provide for financial sustainability and support the mission of the school and the goals of the is strategic plan.
According to the Opinion Leaders Survey of the National Association of Independent Schools, the following are the keys to financial sustainability for an independent school in the 21st century:
Financial: More efficient, less costly
Environmental: More green, less wasteful
Global: More networked internationally, less parochial
Programmatic: More skills and values, less traditional content
Demographic: Inclusive, not exclusive.
We will develop a financial master plan that will examine our reliance on major revenue sources such as tuition, endowment and fund-raising; evaluate current and future budget policies and resource allocation develop a more entrepreneurial approach to create new and alternative sources of revenue.
Financial Master Planning
We have begun to use Future Perfect, a financial modeling program, to evaluate current and future budget policies and resource allocation.
This program allows us to use financial resources more effectively and to better understand the financial implications of decision making.