1512 Operations Policy Review: Finance - 2 December 2015

Financial Policies

Financial Planning

Budgeting shall not fail to reflect the school’s strategic results, risk financial jeopardy nor fail to show a generally acceptable level of foresight. Thus financial processes must:

Financial Condition

The financial viability of the organisation must be protected at all times. Therefore, the principal shall not:

Asset Management

Assets may not be unprotected, inadequately maintained or unnecessarily risked. Accordingly, the principal may not:

Principal's Interpretation

Data to Verify that the Policy Interpretation is Being Fulfilled

Improvement in Your Financial Position

We would like to congratulate the school for the impressive surplus achieved in the 2013* year. It is a tribute to the efforts of your team in terms of budget monitoring and control and the focus placed on the financial health of your school.”

(*This is a misprint as this letter relates to the 2014 year)

The Day-to-Day Accounting System

Overall, based on our knowledge of your school and the results of our audit procedures, we again found that the financial control environment at your school to be good. The attitude towards controls and ensuring your school is being governed effectively is very positive. We were also impressed that your board appears concerned about planning and performance monitoring.”

“Our Sincere Thanks

We would like to take this opportunity to thank the Principal and Financial Administrator for their assistance and co-operation during our audit. The assistance from the school team greatly influences the efficiency of the whole audit process.

We would also like to thank the trustees for selecting Bennett & Associates as your auditors. We appreciate our relationship with your School and look forward to continuing to provide a valuable service to you.”

Chicky Rudkin

Principal