Know if your schools are fiscally healthy
Are your schools financially healthy? Are they using resources equitably? One of the fastest ways for a school to fail is through financial insolvency. And this is completely avoidable. Requiring financial audits is not enough to understand a school's financial health. Work with us to develop a risk-based financial oversight monitoring process.
"The Institute's early warning detection system gave us the insights we needed to identify and deal with a problem before it became a major issue."
Fiscal Oversight services to help you get the help you need!
Authorizer Services for Financial Oversight
Display YOUR Fiscal Framework in a Scorecard
Are your financial frameworks a bear to implement? Does it take a tremendous amount of time and resources to collect financial data, calculate ratios, and present a financial assessment of each of your schools? Do you spend more time worrying about the calculations than responding to the outcomes? We will work with you to create an easy-to-read annual fiscal scorecard that automates your existing fiscal framework.
What you get:
- A flexible project plan that meets your deadlines
- Expert review of your fiscal framework
- Creation of your unique, easy-to-read, error-free fiscal scorecard
- More time for YOU to analyze results, not calculate ratios
ADD ONs to ANY of Our Services
Tiering
Are your schools in different financial states? Are you using resources equitably? Do you need a way to differentiate the performance of your schools so you know where to spend your time? We will work with you to develop a method to tier your schools based upon their financial performance.
What you get:
- Expert development of a tiering model based on your needs
- Tiering included in your existing scorecards
- Ability to easily identify schools that are not meeting multiple targets
- The ability to allocate resources where they are needed most
Proactive Financial Oversight System
Are your schools in different financial states? Are you using resources equitably? We will work with you to develop a risk-based fiscal oversight monitoring process. With optional tiering to help differentiate oversight.
What you get:
- Proactive Financial Oversight System that provides a preliminary tiering of your schools
- Two easy-to-read fiscal scorecards
- Valid and reliable financial data to use, along with your professional judgment, to adjust the level of oversight and support provided to a school
- The ability to allocate resources where they are needed most
Financial Oversight Early Warning System
Up at night worried a school may have to close mid-year due to financial concerns? Using an Early Warning System allows you to track the performance of your schools throughout the year. Each time you receive a new financial reporting submission, the Early Warning System allows you to consider if a school is on-track or showing signs of concern.
What you get:
- All that is included in the Proactive Fiscal Oversight System
- Creation of warning indicators that are important to you and your environment
- An Early Warning System Dashboard to help identify schools that may have financial concerns throughout the year
