Circle Financial

This book deals with the issues of financial accountability and management. It looks at effective financial control, dealing with issues such as debt, auditing, monitoring and cash flows. It examines the hidden costs associated with time release and staffing. Issues are addressed that Board Members and Principals need to know.

This book builds a framework for establishing and nurturing a financial culture in a school context. It highlights issues that the Principal, Board Members and Business Manager need to understand and address as part of their responsibility for governance and management. Specifically, it examines the Board's responsibility, Executive and middle management participation, financial stability markers, cost cutting, cash flow, fees collection, communication to the school community and financial aid processes.

This book examines the elements of a school's financial framework that Board members and management staff need to know and understand in connection with planning and managing school finances. It offers the concept of a long-range plan and some of its detail. Such a plan is critical to a school's strategic direction and planning. Capital Budgets should be referred to in this plan and be congruent with it, as should school debt planning. The issues raised here are intended for those who have an understanding of the financial considerations needed to operate a school effectively.