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Strategic Financial Planning and Governance Insights for Community Ministries

Join Mike Beaupre and Michael Hunn as they present a comprehensive overview of financial and strategic planning relevant to community ministries. This session will cover the accountability mechanisms of shared governance, highlighting the roles of CMBs and the PH&S System Board. Key topics include budget performance, long-range financial plans, collaborative growth strategies, and alignment with medical staff and philanthropic endeavors. Learn about the importance of case examples like annual 'Finance 101' reviews and defining committee roles to enhance dialogue and accountability in mission-driven strategies.

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Strategic Financial Planning and Governance Insights for Community Ministries

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Presentation Transcript

  1. Financial & Strategic PlanningPresented by: Mike Beaupre, Chair, South Bay Community Ministry Board Michael Hunn, SVP, Southern California

  2. Accountability: Shared Governance in Action – Mission, Growth & Strategy Accountability Shared by the CMBs and the PH&S System Board Financially Responsible – Budget performance and long-range financial plans Growing to Serve – Strategic plans and significant projects CMB Accountability for the 2014-2016System Strategic Plan

  3. Shared Governance in Action – Mission, Growth & Strategy • How It’s Carried Out: • Providing Advice and Counsel as well as Recommending Approval • Annual Budget and Long Range Financial Planning (LRFP)* • Developed by each Ministry and Region (see LRFP racetrack) • 3 Year Strategic Plan* • Developed by each Ministry and Region • Innovation, Partnerships, Growth, Community Need… • Market-based Growth Opportunities* • Developed by each Ministry and Region • Collaborative Build: • Aligned with the Medical Staff (Capital Committee’s) • Aligned with the Medical Groups (Population Health) • Aligned with the Philanthropic Foundations (Local Fundraising)

  4. Shared Governance in Action – Mission, Growth & Strategy • Case Example: • Host a ‘Finance 101’ Annual Review for the CMB and for the Planning and Finance Committee(s) – Orient New CMB Members • Begin process in Q1 of each new fiscal year (see LRFP racetrack) • Define the role of the Planning and Finance Committee(s) • See CMB Board Orientation Materials (Shared Accountability) • Allow enough time on the CMB Agenda for Dialogue/Updates

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