FINANCE
The school’s financial resources and financial planning are adequate to support the school’s mission and to sustain the school’s long-term viability and stability.
Effective Practice 9.1
The school is incorporated as a non-profit organization or share capital organization, and is audited annually by an independent professional.
Effective Practice 9.2
The budget, financial resources, and management are capable of sustaining educational and other programs consistent with the school's stated purposes and objectives.
Effective Practice 9.3
The school has a collaborative budgeting process that is approved and monitored by the governing body.
Effective Practice 9.4
The school has policies and follows practices sufficient for the governing body to meet its fiduciary responsibility with regard to finance and risk management.
Effective Practice 9.5
The school combines a solid financial base with effective financial management to ensure its long term viability and stability.
Effective Practice 9.6
The school has a long-range (3 to 5 year) or strategic financial plan that supports the school’s strategic plan.
Effective Practice 9.7
The school's financial status is communicated annually to the school community.
