Page 21 - BPS Strategic Plan 2016

Governance
Finance
Objective F:1
Description
Strategies:
Revisit former G Cost-Saving/ Revenue Enhancement Measures for Present-Day Alignment to Priorities
overnment & Co
BPS is committed to continuously seeking cost-saving opportunities that leverage monetary resources to support the core district mission. To that end, BPS will review past budget cuts and revenue enhancement processes to determine alignment to strategic plan when new revenue or revenue ef ciencies are realized. Promoting nancial transparency will be a priority of all nancial objectives.
munity Relations
• Cost/bene t analysis of all former budget cuts and align former budget cuts to new Strategic Plan priorities
• Conduct organizational ef ciency studies of organization-wide functions for cost-savings opportunities
• Analyze school district tax structures and/or revenue generating enterprises • Communications outreach plan to increase transparency
Objective F:2
Proactively Mon- itor and Analyze District-Wide Resources to Inform Budget Allocations and/ or Potential Adjustments
BPS will seek to understand and report real-time revenue and expenditures in a transparent manner to facilitate periodic decision-making by Senior Staff and the Board for the reallocation of budgets in order to maximize return on investment of all annually allocated funds.
• Monitor and analyze all district-level funds
• Asset management and guidance on internal school funds
• Develop a three-year, long-range forecast for the operating fund and a debt payment matrix
• Communications plan on monitoring, oversight, and support
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