Coaching Topic Topic

Finances and Budgeting 

A leader and organization that excels in non-public school finance is able to effectively communicate the school’s immediate and long-term financial picture. Coaches are able to support a myriad of tasks including:  1. Creating and maintaining a 3–5-year financial plan, including reviewing and planning how current financial data is gathered and monitored with regards to regular and irregular income and expenses, along with best practices in cash-basis financial management and tracking income and expenses. 2. Reviewing and evaluating financial documents, including but not limited to chart of accounts, budgets, projections, balance sheet/profit and loss statement, year-to-date actuals and variance. 3. Discussing and problem solving relative to factors that impact revenue, including but not limited to tuition setting, tuition negotiation, tuition assistance and scholarships, tuition collection, fees, subsidies, fundraisers, development (annual appeal, endowments, gifts), and other income, as well as, non-cash revenue from state/federal and other sources. 4. Discussing and problem solving relative to factors that impact school expenses, including but not limited to salaries, benefits, school-based tuition assistance, curriculum, and other resources, instructional supports, utilities, facilities, technology, programs, and capital projects. 5. Calculating key school finance metrics, including but not limited to per pupil spending, cost to educate, and the ratios of salary and benefits to tuition and fees. 6. Discussing of best practices relative to internal controls and processes for a myriad of financial operations (e.g. collecting tuition, collecting student/family data for state/federal funding sources, operating fundraisers.