A Proactive Use of Cash Reserves

Volume 34

No. 6//

April 23, 2009

In the current economic climate, it is easy for schools to ignore an enormous potential source of strategic funds. The first of the ISM Stability Markers® is cash reserves, and ISM urges schools to set aside an amount equivalent to 15% of their operating expenses. This means, for example, that a school with a $4.5 million budget should have a cash reserve of $675,000. This is strategic money that has three major purposes (and a variety of other applications):

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