Financial and Operations

 

Financial Sustainability

Build financial strength for the future and reduce reliance on tuition by extending operational efficiencies, revisiting enrollment strategies, building a significant endowment, and increasing non-tuition and non-development income streams.

GOALS AND OBJECTIVES
ACTION ITEMS

Ensure financial stability and sustainability.

  • Continue and grow annual funding of cash reserves for capital, debt, and other identified needs.

  • Identify actions and plans necessary to implement Linda Vista Campus Master Plan.

Develop alternative revenue sources.

  • Structure and develop Summer and After School programs to meet stakeholders’ needs while ensuring financial viability.

  • Evaluate facility use and non-school program objectives, as well as pricing and priorities to grow revenues.

Grow financial assistance from 15% to 17% of tuition revenues.

  • Identify fundraising opportunities directed toward financial assistance.

  • Evaluate annual endowment draw rate.

Provide financial and administrative resources and processes to ensure Parker attracts and retains highly qualified employees.

  • Validate salary structures to ensure competitiveness in independent school and San Diego markets.

  • Evaluate benefits plans to ensure competitiveness and best use of benefit dollars.

  • Develop, implement, and utilize consistent practices within the Business Office.

Evaluate key programs, policies, and practices to ensure costs and resources are commensurate with value.

  • Areas to consider: student support services, global studies, athletic programs, facility maintenance standards (and others to be identified).