The Strategic Financial Plan: A Checklist for Trustees

Ideas & Perspectives
Ideas & Perspectives

Volume 40

No. 8//

June 22, 2015

Your strategic financial plan (SFP) grounds your strategic plan by calculating a realistic cost for each planning objective and accommodating the operational aspects of that cost within a conservative six-year budget format. Your SFP should be developed at the same time as your strategic plan. These are two sides of a single coin. Unless every proposed item in your new plan is tested for its cost-effectiveness (by converting its cost into its tuition impact), your plan is no more than a nicely packaged wish list.

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