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Business Managers Network Meeting: November 15 th , 2013 PowerPoint Presentation
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Business Managers Network Meeting: November 15 th , 2013

Business Managers Network Meeting: November 15 th , 2013

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Business Managers Network Meeting: November 15 th , 2013

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  1. Business Managers Network Meeting: November 15th, 2013 Working well with Your Administrator and Board- Terry croy Lewis, Executive Director, High Point Academy

  2. Background • Working in charter schools for 17 years • Founder, Governing Board President, Administrator • Focus on finance • Executive Director of High Point Academy since 2006

  3. High Point Academy: Finance Structure • Currently HPA outsources accounting and financial consulting to Boos Financial • In the past, HPA has had an employee who served as the Business Manager • Advantages and disadvantages of both • ED meets with Account Manager weekly • Office Manager and Bookkeeper work very closely – daily communication

  4. Finance: Process • ED meets with Account Manager weekly • Office Manager and Bookkeeper work very closely – daily communication • Communication: in constant communication and ensuring that enough time is devoted to the business side

  5. Finance: Key Players • Finance Committee: ED, GB Treasurer, Business/Account Manager once per month (other administrators attend when they are available) • Governing Board • The right balance: ensuring the board is informed and well aware without slipping into the day to day operational issues • Governing Board Training: ED and Boos Financial provide training

  6. How does an ED ensure a productive relationship with the board? • Be extremely knowledgeable about school finance and the school’s budget • Plan for the future • Provide PD for the Business Manager, Board Treasurer, Governing Board and Staff • Open communication

  7. challenges/successes • Challenges: • Respecting the roles and responsibilities of the board and the head of school • Salaries for the administrative team • Performance Pay • Using reserves • Successes: • Open communication • All parties are knowledgeable about the budget and finance. • Healthy financial standing

  8. For More Information… • Terry Croy-Lewis, Executive Director of High Point Academy • tcroylewis@highpointacademy.net • School: 303.217.5152