K–12 Financial Management and Sustainability Guide

This guide outlines the financial management practices essential for private and independent K–12 schools. It emphasizes the importance of monitoring retention and attrition rates for staff and students, as these factors significantly impact school operations and community trust. The document details the roles of the Head of School, the Board of Trustees, and the Business Office in ensuring financial sustainability. Key metrics discussed include the annual budget, cost to attend, cost to educate each child, and net tuition revenue. The guide also highlights the necessity of aligning financial goals among stakeholders to enhance operational efficiency. Additionally, it addresses the significance of fundraising and managing operating expenses to maintain a healthy financial status. By understanding these financial dynamics, schools can better position themselves for long-term sustainability and success.