Financial Planning and Budgeting B 2.6


Section 2 Executive Limitations

2.6 Financial Planning and Budgeting

Financial planning for any fiscal year shall not deviate materially from the board’s ends priorities, risk fiscal jeopardy, or fail to show a generally acceptable level of foresight.

Accordingly, the head of school shall not allow budgeting which:

2.6.1 Contains too little information to enable credible projection of enrollment, revenues, expenses, cash flow; to separately identify capital and operational items; and to disclose planning assumptions.

2.6.2 Increases individual tuition or enrollment fees without board approval. (SY14-15:124)

2.6.3 Projects enrollment growth that is unrealistic and not fiscally conservative.

2.6.4 Plans the expenditure in any fiscal year of more funds for operations than are conservatively projected to be received in revenue in that period.

2.6.5 Fails to provide funds for board development and maintenance.

2.6.6 Does not ensure ongoing staff/teacher development.

2.6.7 Fails to provide a well-managed tuition assistance program (TAP). (SY 09-10:11)

2.6.8 Uses revenue received for operation of the school to subsidize excessively specific programs. (SY 13-14:93)

2.6.9 Does not meet the following requirements: Fulfillment of all the Japanese government legal requirements. (SY 12-13:220; SY 13-14:93) Presentation of the budget for the next school year for approval no later than the March board meeting. (SY 11-12:90)

(SY 09-10:10 deleted B2.6.8.2; Sy 13-14:93 deleted B2.6.8.1)

(Page archived 12/14) (Page revised 6/15)