Effective Financial Governance for Independent School Trustees

Boards of trustees and their finance committees can better fulfill their stewardship and fiduciary responsibilities with an enhanced understanding of the financial model and related drivers of K-12 nonprofit independent schools. This book provides board members with essential knowledge of key concepts and strategic considerations as well as the questions they should ask school administration. It also addresses how school leadership — the business officer, head of school and other administrators — can work effectively with the board on financial matters, respond to trustee needs and communicate in a relevant, concise and actionable way with the goal of driving consequential discussions.

Chapters

1. How To Use This Book
   SECTION 1: SCHOOLWIDE TOPICS
2. Operational Drivers of School Finances
3. Financial Health and Performance
4. Resource Allocation
5. Liquidity
6. Budgets
7. Net Assets
   SECTION 2: SPECIFIC ACTIVITIES
8. Tuition and Financial Aid
9. Contributions and Fundraising
10. Auxiliary Services
11. Personnel Costs
12. Plant Assets and Operations
13. Debt Management
14. Endowment Funds and UPMIFA
    EXAMPLE OF A SPECIAL PROGRAM: ATHLETICS GLOSSARY

Additional Materials

• Online eBook version included with print purchase
• Links to related NBOA Resources