• Fiscal Responsibility column graphic Pillar #5 - FISCAL RESPONSIBILITY AND ORGANIZATIONAL EFFECTIVENESS

    GOAL: Leverage resources and ensure operational efficiency to maximize organizational performance


    Objective A: Increase the district's financial position

    Measures
    •Increase the amount of non-taxpayer revenue received
    •Maintain an ending fund balance of 5% or higher
    •Maintain or increase the district's bond rating
    •Reduce the gap between total revenue received and total expenditures

    Activities
    •Review investment strategy and evaluate opportunities for additional earnings
    •Evaluate opportunities to centralize purchasing of commodities
    •Review annual rebates earned from purchasing card
    •Prioritize budget decisions that are aligned to strategic initiatives
    •Monitor investment rates for opportunities for refunding and savings
    •Evaluate program effectiveness utilizing the district program evaluation process and to make data informed decisions regarding the return on investment
    •Explore alternative funding sources
    •Continue to provide quarterly budget updates to the Board and community
    •Advocate for federal, state and local funding to support strategic goals

    Objective B: Ensure optimal efficiency in internal processes

    Measures
    •Reduce the number of findings/deficiencies noted in FTE audits, financial audits, operational audits and program review audits
    •Reduce the amount of money required to be reimbursed as a result of a negative audit finding/program review
    •Improve the rating on the organizational effectiveness category on AdvancED survey as part of the SACS accreditation process

    Activities
    •Continue to provide job specific training to employees on policies and procedures related to financial transactions, bookkeeping, money collection procedures, etc.
    •Establish a systemic process to inform all employees of changes to school board policies and procedures
    •Develop and implement system-wide protocols for internal processes