Boards have a legal responsibility to weigh priorities, to endorse a realistic and attainable budget, and to supervise the income and expenditures of all monies of the association.
This course gives board members who are less financially experienced a basic overview of how to fulfil their due diligence in oversight of the school budget.
This course will help boards in the important task of financial governance.
Course structure
The course is designed to be completed as a module that is part of the suite of governance training courses. However, boards can access individual topic modules as needed.
These short-courses can be undertaken by individual board members, or be completed as a board together. The modules are kept short so boards can fit the training into their busy board calendars.
The training builds on the materials covered in the Board Induction Course, and this is a useful pre-requisite to the governance modules.
Outcomes
As a result of participating in this course, participants will understand:
- The purpose and components of a school budget
- Key factors for board to consider when setting the budget
- The significance of a surplus
- The importance of enrolments to the financial performance of the school
- How a board should monitor enrolments and school marketing
- How fees are set and what a board should consider
- How to benchmark school income
- The board’s role in setting financial parameters and approving the budget
- How the budget is monitored by the board.
Contact [email protected] to enrol