Preparing the Budget

Preparing the Budget

Since most of a school’s income comes from tuition, the development of the next year’s budget begins with preparing the best and hopefully most accurate projection of next year’s enrollment at each age level. In this process, you should show enrollment for the year before, the current year, and the year for which you are […]

Basic Accounting Income Statements

Basic Accounting Income Statements

An income statement otherwise known as a profit and loss statement is a summary of a company’s profit or loss during any one given period of time, such as a month, three months, or one year. The income statement records all revenues for a business during this given period, as well as the operating expenses […]

Basic Accounting Income Statements

An Example of General Procedures for Bookkeeping

A. General Objectives 1. To facilitate the conduct of business. 2. To help assure the security of funds. 3. To help maximize the use of funds. B. Procedural Elements 1. Record keeping and check signing functions should be done by different people to as great an extent as possible. a. Primary record keeper: School Secretary […]

Sample Financial Aid Policy #1

Sample Financial Aid Policy Shared With Parents

Financial aid is defined as a reduction in tuition granted to families who have demonstrated eligibility through an objective assessment of their financial position. The Financial Aid Committee The Board of Trustees has established a Financial Aid Committee consisting of three members. The members of the 2011 Financial Aid Committee are: • ____, Trustee and […]