Pillar #5 - Fiscal Responsibility and Organizational Effectiveness
GOAL: Leverage resources and ensure operational efficiency to maximize organizational performance
Objective A: Increase the district's financial position
Measures
- Increase the amount of non-taxpayer revenue received
- Maintain an ending fund balance of 5% or higher
- Maintain or increase the district's bond rating
- Reduce the gap between total revenue received and total expenditures
Activities
- Review investment strategy and evaluate opportunities for additional earnings
- Evaluate opportunities to centralize purchasing of commodities
- Review annual rebates earned from purchasing card
- Prioritize budget decisions that are aligned to strategic initiatives
- Monitor investment rates for opportunities for refunding and savings
- Evaluate program effectiveness utilizing the district program evaluation process and to make data informed decisions regarding the return on investment
- Explore alternative funding sources
- Continue to provide quarterly budget updates to the Board and community
- Advocate for federal, state and local funding to support strategic goals
Objective B: Ensure optimal efficiency in internal processes
Measures
- Reduce the number of findings/deficiencies noted in FTE audits, financial audits, operational audits and program review audits
- Reduce the amount of money required to be reimbursed as a result of a negative audit finding/program review
- Improve the rating on the organizational effectiveness category on AdvancED survey as part of the SACS accreditation process
Activities
- Continue to provide job specific training to employees on policies and procedures related to financial transactions, bookkeeping, money collection procedures, etc.
- Establish a systemic process to inform all employees of changes to school board policies and procedures
- Develop and implement system-wide protocols for internal processes
This site provides information using PDF, visit this link to download the Adobe Acrobat Reader DC software.