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 Pillar #5 - Fiscal Responsibility and Organizational Effectiveness

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