Planning and Managing the School's Finances by Dr. Philip SA Cummins

Author:Dr. Philip SA Cummins
Language: eng
Format: epub
Publisher: CIRCLE
Published: 2014-03-15T00:00:00+00:00

The figure in Primary New in Year 1 means that the school enrolled only 80% of its normal number of new students at primary level. The figure 1.3 in Secondary Leavers in Year 3 means that 30% more secondary students than usual left at a Year other than Year 12. The interest rate figure of +10% in Year 3 means that in that year the interest rate was 10% higher than that which pertained at the beginning of the recession. In other words 7% became 17%.

This was quite a severe recession. However, as a defensive measure it is a good idea to include a switching mechanism in the plan to check how well the school would withstand a recession. How much would the school have to modify its proposals for the future in order to ensure survival?

Factors to Consider When Using the Long Range Financial Plan

Managing borrowings for large capital developments

Understanding enrolment trends

Adjusting flexible pupil-teacher ratios.

Constructing a recession defence.

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