Page 11 - Claflin Cabinet Retreat
P. 11
Financial Stability
Achieving Striving Challenging Comments
Task(s)
Yes Maybe/Not No Comments
Sure
Revise Budgeting Process
Multi year financial forecast tied
to realistic data
Technology automation / real
time data (invest in training,
seamless process)
Building Cash Reserves
Workforce to mirror current needs
Diversify revenue streams
(Increase in grants (indirect
costs), increase in unrestricted
contributions (including faculty &
staff)
Continuous review of benefits
Endowment Growth
Relevant Academic Offerings
Cross Train
Reduce Turnover
Increase re-occurring gifts from 11
donors
