Strategic Objective Six | About

Strategy	Desired Outcomes	Measures
A. Financial Stewardship Use data to proactively manage District finances in a climate of changing funding patterns and increased mandates from local, state, and federal governments.	Maintain responsible approach to fiscal operations, ensuring cost efficiencies while maintaining high quality programs, services, and staff. Utilize all revenue sources. Understand local, state and federal legislative threats to funding through involvement in professional associations, ED-RED and FED-RED. Assess the impact of salaries and benefits for all employee groups. Utilize financial models to project impact of future increases in expenditures and changes in revenues. Provide transparent, easy to access financial data to community. Periodic updates to the Board of Education on legislative threats Data displayed on financial dashboard.	Progress for each measure is reported annually on the Balanced Scorecard - view here.
B. Finance Priority Projects Finance priority projects identified in the Health Life Safety Survey and the Master Facilities Plan.	The Board of Education, staff, and community are aware of facility needs and financing options to make informed decisions about a project priority list. District classrooms support 21st Century learning.
C. Fund Balance Policy Adhere to the Board’s fund balance policy	Meet all of the District’s financial obligations and cash flow needs in a timely manner Monitor days of cash on hand in the District’s operating funds on June 30 of each fiscal year against fund balance policy (120 days).
D. Finance Priority Programs Collaborate with all District departments to ensure adequate funding is available for student programs and services	District departments will work together to understand the financial needs of the District to develop realistic and timely long-range budget priorities. Long-term curriculum needs and state/federal initiatives considered when forecasting budget needs.
E. Plan for Future Challenges Be prepared for the impact of future enrollment changes	Accurate enrollment trend data. Review enrollment trends and conduct a boundary study to understand financial options to meet changing enrollment.
F. Parent and Community Education Engaging with parents and community members can inform, complement, reinforce, and accelerate educators' efforts.	District 64 provides information to parents, staff and community members about the alignment of resources to strategic initiatives.