Strategic Financial Planning: Skills and Implementation

Chase Center on the Riverfront • Wilmington, DE
TOPIC FOCUSED
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18

JUL

15

JUL
Status: OPEN
Certification Credits: 40 BCP / 40 IACP

$3,073* Non-Member

*Early bird pricing ends 04/20/18

Travel and accommodations not included

[$2,612.00* Gold Member]

I received clear, practical, guidance on how to do a strategic plan. The booklet is very helpful for a guide to take with us.

Nava Hall, Business Office Manager
The School in Rose Valley, PA
Workshop Participant 2017

Bring your team and receive a special tuition rate of $2,096 per each additional person. Call 302-656-4944 to register your team members.

Increase cash reserves, enrollment levels, and long-term viability. These are the goals at every school—and they are attainable if you have the right strategic financial plan.

ISM’s proven approach to strategic financial planning helps you experience financial success now, while positioning your school strongly for the future.

Topics Include:

  • Learning, using, and taking home ISM’s 13-line financial planning model to support your school’s strategic plan
  • Identifying your critical, high-impact, strategic numbers and translating those into an understandable, user-friendly communications tool for your Board and Leadership Team
  • Calculating your Stability Marker score using our proven criteria—These are the items that strongly correlate to a school’s ability to sustain excellence over time
  • Discovering what your Stability Marker score implies for your school’s future so you can take action now
  • Understanding ISM’s research-based system for constructing a strategic plan and supporting your strategic financial plan to serve as your six-year framework, with the flexibility to adapt to subsequent yearly changes

Who Should Attend:

New and veteran Board Presidents, Chairs of the Finance Committee and other key Board-committee leaders, School Heads, COO, CFOs, Business Managers, and other senior administrators should attend.

staff photo karen illi

Karen Illig, BCP-E

ISM Consultant | Vice President of Finance and Support Services and Chief Financial Officer at Pine Crest School

Expertise

Karen has extensive experience in managing facilities, operations, food service, auxiliary programs, human resources, finances, accounting, real estate, and technology within private-independent schools. Her work with students includes Upper School student advisor; outdoor challenge program advisor, student community service advisor, and program chaperone for ski, lacrosse, field hockey and ice hockey teams.

Current Role

Karen is an ISM Consultant and a member of ISM Business and Operations Academy faculty. In this role, she teaches workshops, conducts webinars, and consults on business and operations best practices at private-independent schools.

Karen also serves as the Vice President of Finance and Support Services and Chief Financial Officer at Pine Crest School; a PK-12 private day school serving 2,600 students in Boca Raton and Fort Lauderdale, FL.

Prior Experience

Karen’s professional experience includes Vice President of Consumer Finance at HSBC Bank; Assistant Treasurer at Moog, Inc.; CFO at Nichols School in Buffalo, NY; CFO at The Center for Early Education in Los Angeles; and CFO at Westtown School, a Quaker day and boarding school in West Chester, PA.

Karen has served on over 10 nonprofit and for-profit boards, including the National Business Officers Association, the New York State Association of Independent School’s Business Affairs Council, and Psyrus, Inc.

Education

Karen holds a bachelor’s degree in Sales and Marketing and an MBA in Strategic Financial Management from the University at Buffalo. She is a graduate of the CBA School of Bank Management at the University of Virginia’s McIntire School of Commerce, where she received The Thomas Jefferson Cup for her strategic studies.

• Continental breakfast is available starting at 7:15 am on Day 2

• Breaks are at 10 am and 3 pm daily

Day 1

2:30-3:30 Registration

3:30-5:00 Session One

5:00-5:30 General Session

5:30-6:00 Reception with ISM

6:00 Dinner with ISM

Day 2

8:30–10:15 Session Two

10:15-10:30 Break

10:30-12:15 Session Three

12:15-1:15 Lunch with ISM

1:15-3:00 Session Four

3:00-3:15 Break

3:15-5:00 Session Five

5:00–6:00 Reception with ISM

Day 3

8:30–10:15 Session Six

10:15-10:30 Break

10:30-12:15 Session Seven

12:15-1:15 Lunch with ISM

1:15-3:00 Session Eight

3:00-3:15 Break

3:15-5:00 Session Nine

5:00–6:00 Reception with ISM

Day 4

8:30-10:15 Session Ten

10:15-10:30 Break

10:30-12:00 Session Eleven/Action Planning

Workshop Location
Chase Center on the Riverfront
815 Justison St.
Wilmington, DE 19801

Hotel Location
Westin Wilmington
818 Shipyard Dr.
Wilmington, DE 19801
302-654-2900

Group hotel reservation rate of $169 is available until June 16, 2018. Subject to availability. Please wait until the workshop status is 'confirmed' before making your travel and hotel arrangements.

Once you have registered for a workshop by clicking on the RESERVE YOUR ROOM link above or calling 302-654-2900 and letting them know you are with ISM. Follow the hotel link on your workshop page for room rates and reservations.

The riverfront has a lot to offer you to occupy your downtime after an intense day of professional development training. Follow the river walk for restaurants, the Russell Peterson Wildlife Refuge and the DuPont Environmental Education Center, the Delaware Children's Museum, and Stratosphere Trampoline Park, to name a few.

Take in a movie at the new Penn River Cinema, with not only comfortable stadium seating but also an IMAX theatre. At various times during Summer Institute, the Class A Wilmington Blue Rocks will take to the diamond at the next-door Frawley Stadium. For Planet Fitness members, there is a large facility across from the Westin.

The outstanding River Rock Kitchen is right inside the Westin, but you are also walking distance to the first-class Iron Hill Brewery, Delaware's Big Fish Grill, Timothy's on the Riverfront, Joe's Crab Shack, and Firestone; Udon Thai Cuisine and Del Pez for Mexican; Molly's Ice Cream (sandwiches too!), the Riverfront Market and Harry's Seafood Grill just a little further down the Riverwalk. If you need your fix, yes, there is a Starbucks too...and a Subway.

You can also hop one of the Dart First State Route 12 Riverfront buses to go to LOMA, or Lower Market Street, for more excellent restaurants we well as the Queen Theatre.

Getting There

Please do not make any non-refundable travel arrangements until you receive an e-mail from ISM informing you the workshop is confirmed to run.

By plane and shuttle: Philadelphia International is the closest airport. A shuttle to Wilmington —a 45–60 minute ride, depending on traffic—costs about $33 each way. Visit the del express.com reservation page and enter 207866 at the bottom under FREQUENT USER ID.You can reach Delaware Express at 800.648.5466.

Flights to Baltimore (BWI) can be less expensive, but it is an 80-mile trip to Wilmington. A shuttle costs about $125 each way, or you can rent a car at the airport.

By train: There is an Amtrak station in downtown Wilmington. You can request the hotel shuttle for transportation.

By car: Click here for directions from the Philadelphia Airport to the Westin Wilmington.

How will ISM communicate workshop information with me?

It is essential that your school approves the following e-mail addresses from ISM:

workshops@isminc.com
marie@isminc.com
tomi@isminc.com

You will be receiving all communication—including your confirmation e-mail and access to your workshop's Google Drive account—from these e-mails.

What does my registration fee include?

All workshop materials, breakfasts, lunch or dinner daily, and social hours are included.

What is not included in my registration fee?

Hotel accommodations and travel expenses, other meals not noted.

What should I wear?

Meetings rooms are generally cold, as temperature control in meeting spaces and large convention centers is difficult. Please bring a sweater, jacket, or sweatshirt.

Summer temperatures average mid-80s to a low of 65. It can get quite hot—into the 90s—and humid. The classrooms and guest rooms are usually comfortable, but you may want to dress in layers in case the rooms are too warm or too cool for you. Dress is casual. Wear whatever is comfortable—jeans, sweat shirts, sweaters, etc. For current weather conditions, we recommend checking weather.com.

What should I bring?

You’ll receive a letter from your workshop instructor letting you know what to bring. However, please bring a laptop or tablet for online access.

Where can I work out?

The Westin has a state-of-the-art fitness room and an exercise pool. Planet Fitness members can walk across the hotel parking lot to the expansive Riverfront Planet Fitness facility. The Riverwalk provides an excellent running and walking path as well.

Can my special dietary requirements be met?

Absolutely. Just give the Workshops Department a call at 302-656-4944, and we'll make sure your needs are accommodated.

How much free time will I have?

There are periods before, between, and after workshop sessions for relaxation, recreation, and socializing.

Should I need medical or dental attention, where should I go?

Should you need medical attention in a non-emergency, notify ISM staff and the hotel staff. The hotel can recommend what facilities are available, and may be able to supply transportation. In an emergency, call 911.

Confirmation Policy

We will correspond with you through e-mail as soon as your workshop is confirmed, no later than two weeks prior to its beginning. Occasionally, we may be forced to cancel an unconfirmed, scheduled workshop due to insufficient registration. So we ask that you do not make non-refundable travel arrangements until you receive notice that your workshop is confirmed. (ISM will not be responsible for any change/cancellation charges assessed by your airline or travel agent.)

Cancellation Policy

If circumstances change and you cannot attend the workshop, you must confirm your cancellation in writing via fax (302-656-0647) or email (workshops@isminc.com). If you do so at least 10 business days prior to the start of the workshop, you can request a full refund of monies paid. Thereafter, but prior to the first day of the course, we will refund you all but $600. If you do not cancel in writing prior to the start date of the course, you will forfeit the entire workshop fee.

If you enroll using Consortium Credits, and cancel your attendance in writing at least 10 days prior to the start date of the workshop, all Credits will be returned to your school. Thereafter, but prior to the first day of the course, if you cancel, all but two of the Credits will be returned to your school. (You have the option of buying back those two Credits for $600.)

If you do not cancel in writing prior to the start date of the course, your school loses all the Consortium Credits used for payment.

Please note that non-payment of tuition does not constitute a cancellation. Failure to appear does not constitute a cancellation.

*We DO NOT accept enrollments from consultants.

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