Considering our fragile national economy, it’s prudent to include a financial contingency plan for your school’s worst-case scenario in your strategic planning documents. While each school’s particular situation determines the plan’s specific details, there are common characteristics each private school should include. As Board President, charge an ad hoc committee to craft your plan. ISM suggests the following example for inclusion in your document.
In a previous issue of The Source for Trustees, we discussed the caveats of private school vouchers. Further research supports ISM’s position—that private schools should not look to government vouchers to balance their budgets or address enrollment issues.
Action minutes are a good habit to get into not only for Board sessions, but for all kinds of meetings—committee, management, faculty. Effective action minutes serve as a “to do” list. They define the task and who will carry it out, set a deadline, and include any pertinent suggestions for strategy—without stifling the individual’s or committee’s initiative. Consider the impact an action minute has in the following situations.
A family at the Montessori Children’s House of Durham (NC) had enrolled their daughter for first and second grade, but wavered on having her attend third grade. The parents were concerned about class size and the teacher time students received. The family eventually re-enrolled the girl, signing a tuition agreement that required the family to pay $12,610 in tuition for the upcoming school year.
Back in the summer of 2015, President Simon Newman of Mount St. Mary’s University developed a plan to improve the institution’s student retention numbers by culling 20–25 first-year students before the end of September. The federal government requires colleges and universities to submit the number of enrollees each semester, and the Mount’s cutoff date was September 25. The President’s office created a student survey to administer during freshman orientation, specifically designed to determine who to dismiss. The rationale was artificially to boost retention by 4%–5%.
Committees are the linchpins of an effective Board. When Board meetings are well-attended, purposeful, and gratifying, this foundation usually grows out of understanding and applying the principles of properly establishing committees. The key to success is identifying, recruiting, and managing strong leaders—a critical role shared by the Board President, the Committee on Trustees, and the School Head. Committees are only as strong as the people who lead them.
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