When your Budget wont Making the Hard Financial

Transcript:When your Budget wont Making the Hard Financial:
When your Budget wont Making the Hard Financial Decisions BUDGE Balanced Budget How to find ways to prepare and maintain a realistic & BALANCED school budget despite: Decreased enrollment, Increased operating expenses, Financial hardship and A lack of commitment to Christian Education. Introduction What is the Current Enrollment? What is the Projected Enrollment? Will you end the year in the red or the black? Can you afford to keep everybody on staff? Will you upgrade any books this year? Will you increase the tuition and/or the church subsidies? How much of the back tuition can you collect before the end of the year? Decreased Enrollment If you don’t know why your enrollment is down - No amount of money will save you. WHY?!?!?! Why?!?! Decreased Enrollment Reputation/Perception – Ask what is and fix what you can fix Faculty and Staff – Qualifications, Gossiping, Attitudes Outdated Curriculum – Plan of action to update Old Buildings and Equipment – Plan of action to repair and replace Old Rumors – Don’t encourage them No Extra Curricular Activities – Get some. If have some already Play up what you do have. Decreased Enrollment Since the origin of their denomination in the mid-1800s, Adventists have promoted Christian education as a means to acquire knowledge from a Christian point of view. Training young people for the mission of preaching the good news of salvation to others was and is one of the main engines for the development of a fast-growing international K-20 system of education. While Adventist church membership has been increasing in North America, where the church originated before expanding overseas, enrollment in Adventist K-12 schools has been consistently declining since the 1980s. Factors influencing enrollment in Adventist K-12 schools: A review of the literature By Gus Gregorutti, doctoral student at Andrews University, 2007 Increasing operating expenses An over extended “Indian Summer” A extremely cold winter Old building or buildings Outdated equipment Curriculum Updates Food cost Teacher/Staff raises U.S. Post Services increase rates Office Supplies Financial Hardship Job loss Parents are losing their jobs. Appropriations are getting smaller Unions and/or Local Conferences are reducing education appropriations “Deep pockets” are drying up People who use to donate before don’t anymore Church subsidies are getting smaller Don’t have children who attend school. So they don’t see the need to give or want to reduce New Sources of Income Grants Remember “free money” is never free. Read the