FY21 Annual Goals:

• "Discuss investment strategies for cash reserves" - we posted an RFP, hired an investment firm to draft an investment policy, and plan to begin investing in summer 2021
• "Finance Committee to oversee the plan for the Development Committee to debrief FY20, its successes and challenges, and plan future event(s) to continue engaging the larger community"
• "Finance Committee to oversee, review and discuss long range financial projections to be prepared to inform the Board how key decisions impact viability of the organization (capital, facilities, dissemination, high school design, etc.)":
  • Budget 101 management series
  • High School Design Team
  • Capital Plan
• "Finance Committee to complete two or more risk assessments of specific financial areas in the organization"

Consider an Enterprise Risk Program:
1) Written Policy
2) Measure Risk - identify and measure existing risk and identify new risks
       Employee Risk - HR
       Infrastructure Risk - IT
       Reputational Risk
       Governance Risk
       Financial Risk
       Safety Risk
3) Prevention Techniques - in place to prevent risk
4) Detection Techniques
5) Report, Investigation Process and Action Plan