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DTSTART;VALUE=DATE:20221014
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SUMMARY:Learning to Use Financial Reporting: A Tool for Leading Strategically and Practically
DESCRIPTION:An online workshop for administrators\, Board members\, and committee chairs \nUnderstanding financial reporting is essential in order for administrators and other decision-makers to work effectively on issues that affect their school’s bottom line. But how do you acquire this understanding? What should you be looking for when reading a financial report? How do you interpret the data\, and how can you use this information in your work? This workshop will give school leaders the tools necessary for recognizing and exploring financial trends\, strategies for how to use financial reporting in their informed decision-making\, and the confidence they need to partner successfully with their business office. \nAmong the topics we will cover are: \nTuition & Cash Flow \nAs the largest revenue stream for our schools\, understanding the impact of tuition increases\, levels of financial assistance\, and uncollectible balances are mission critical. We will explore the tools available to schools of all sizes to help manage tuition\, what reporting capabilities are important\, and what reports school leadership should be receiving and understanding. And since a well-managed\, one-sheet cash flow report can capture and forecast points requiring action\, we will review this document and discuss what data a school leader should be monitoring. \nHuman Conditions \nOur work will include discussion regarding benefits\, onboarding\, professional development\, and outboarding. We will explore which financial levers impact faculty and staff living wages and the many costs involved in replacing/hiring employees. We will consider the positive and budget-required elements of professional development\, and discuss the importance of having succession plans in place to avoid large disruptions in our schools. \nOutward Facing Matters (Development\, Alumni\, Surrounding Community).  \nThe business of donations is changing\, as many donors are seeking impact from their gifts. Together we will examine our current development work and what may be needed\, plus possible situations for a capital campaign and for attracting new donors. The factors that indicate when to increase staff to perform this work will also be discussed. Additionally\, we will consider relationship management with alumni and our larger community\, which are important factors in all our work. \nNote: If possible\, we strongly encourage participants watch the three financial primers on the AWSNA community hub before attending this event. However\, you will gain a lot from the workshop even without this background prep. \n\n\nFacilitator \nDenese Giordano is a seasoned school administration professional who is currently a consultant and a former ANA coordinator for AWSNA’s mid-Atlantic region. Denese has been in the workforce for well over four decades\, including 35+ years spent working with mission-based organizations in the non-profit independent school realm\, honing her skills in program development\, budget strategies\, and long-term planning. She specializes in establishing healthy systems in finance\, human resources\, administrative operations\, and outreach and development efforts. A graduate of Kenyon College\, Denese completed the Foundation Studies Course at The Waldorf School of Garden City\, the school from which her four daughters graduated\, providing her a parent’s (client) perspective and gratitude for Waldorf education. \n  \nThis workshop will be presented over Zoom and will not be recorded. \nSchedule \nFriday\, October 14: 7:30pm-9pm ET\nSaturday\, October 15: 10am-11:30am ET and 12:30pm-2 pm ET \nCost \n$165 includes non-refundable $25 registration fee \nDiscounts \nFree to current Sunbridge program students in good standing\n15% off for Sunbridge program graduates\n15% off for schools sending two or more registrants\n25% off for payment made in Canadian dollars \nDiscount codes will appear on your registration form. Other than CAD\, discounts may not be combined. \n  \n\n  \n  \nQuestions?\nPlease contact Barbara Vitale\, admissions and summer coordinator\, at info@sunbridge.edu or 845-425-0055 x20 \n  \nSunbridge reserves the right to make faculty substitutions when necessary.
URL:https://www.sunbridge.edu/event/learning-to-use-financial-reporting-a-tool-for-leading-strategically-and-practically/
LOCATION:Sunbridge Institute Remotely\, 285 Hungry Hollow Road\, Chestnut Ridge\, NY\, 10977\, United States
CATEGORIES:Courses and Workshops,Featured
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