Dates of this Two-Part Workshop: March 2 & March 9
Time of Each of the Sessions: 8:00 AM - 9:30 AM New York Time
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Are you trying to figure out how to position your school for financial success despite the challenging market conditions?
Are you wondering how to ensure the school budget supports student learning and the school mission?
Are you looking for tools to measure results and mitigate risk?
This ISS School Operations two-part interactive workshop will offer different strategies, planning tools, and tips and tricks on how to optimize school resources. The workshops also offer offline discussions with peers and ISS seasoned leaders between the two live sessions.
These interactive workshops are designed for Head of Schools, Principals, and Business Managers considering how to improve the school's ability to plan and manage school budgets in increasingly challenging market conditions. Join us to refine your knowledge, skills, ask questions, and share your experiences and dilemmas.
Part 1: Position Your School for Financial Success
The budgeting process is one of the most important tools for your school's success. Planning and monitoring your budget can help you identify wasteful expenditures, adapt to changes, and achieve your school’s financial goals. In this first workshop, we take you through the most important steps of creating a school budget. You will understand the basic principles of school budgets, make your budget work as a school improvement plan focused on your school’s mission, and ensure you are getting value for your dollars.
What we will cover in this session:
- School budget cycle and main sources and uses of funds
- Different types of budget approaches
- Understanding the difference between Operating and Capital Expenditures and how they impact the school spending
- Ensuring your budget supports student learning and the school mission
Part 2: Best Ways to Utilize Your School Resources
In this second workshop, you and your team will find ways to best utilize spending in a changing and challenging economy. Understand how to measure results and analytics, asking the right questions to mitigate risk and ensure financial success.
What we will cover in this session:
- Scenario planning with changing enrollment
- Benchmarking strategies and targets
- Using the RFP Process to reduce costs
- Tips and tricks on how to optimize school resources
Meet the Presenter
Patricia Foster, Director of Finance and Operations, American School of Doha
Patricia has spent over twenty years of experience as a school CFO and Business Manager. She has also held various positions in corporations including MasterCard International, NewPower Holdings, and KPMG Peat Marwick.