Finance

Goal

The goal of the strategic financial plan is to show the major monetary implications of the strategic plan.

Rationale

The strategic financial plan will consist of a five-year planning model showing the main strategic numbers and updated as necessary. The strategic financial plan will strive to reach and maintain financial equilibrium.

Objectives

I. To have revenues equal to or exceeding expenses.
   
II. To have the growth rate in revenues equal to or exceeding the growth rate of expenses.
   
III. To preserve endowment purchasing power over the long term.
   
IV. To have adequate funds preserved from operations to fund depreciation of the plant.
 
V. To use the plant reserve for major repairs, replacement, special maintenance, and capital improvements.
 
VI. To provide a standardized set of requirements (financial benchmarks) for each capital project.
 
VII. To maintain a compensation/benefits package designed to attract and retain highly qualified teachers and support professional development.
 
VIII. To use financial aid to provide economic and ethnic diversity.
 
IX. To maintain a one page financial model to provide a quantitative expression of the elements in the strategic plan.
1191 Greendale Avenue  |  Needham, MA 02492  |  781.449.5200  |  Contact Us  |  St. Sebastian’s is a member of the Independent School League
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