Select Page
Sample Letter Holding a Family to Their Contract

Sample Letter Holding a Family to Their Contract

Mr. and Mrs. street city Dear Mr. and Mrs. ______, After careful consideration, the school’s Board of Trustees has asked me to confirm that, while they regret the circumstances that led you to your decision to withdraw ______ from ____ school, in light of the school’s continuing expenses and the fact that enrollment at our […]

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 […]

The Key Financial Reports That We All Need To Understand

The Key Financial Reports That We All Need To Understand

Many of us who end up in school administration or serving on a board would not consider financial planning and analysis to be our strongest skill area. Despite this, we are all responsible for keeping close tabs on our schools’ finances and for making decisions about the future based on accurate information, as well as […]

Sample Letter Holding a Family to Their Contract

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 […]

Sample Letter Holding a Family to Their Contract

How to Use Attrition Charts to track your enrollment

Independent schools normally depend on tuition to cover their operating expenses, which means that accurate up-to-date information is essential. Despite this fact, too often, administrators rely on their memory or sense of what feels right when considering whether the current enrollment trend is normal or something to celebrate or fret over. One thing is certain: […]