Financial Strategy

Strategy

Parents Centres will operate within standard accepted accounting principles to ensure a sound and financially viable organisation.
Parents Centres will develop sustainable and consistent income streams over time.
Parents Centres will reflect integrity and transparency in all financial dealings.
Parents Centres will report financial information openly and honestly, subject to the constraints of commercial sensitivity and privacy. Communication tools will be used in the most cost effective manner.

To develop a 3 year financial plan.
To rebuild operating reserves, over a 3 year period, to the equivalent of six months operating expenses.
To build a financial plan in conjunction with the strategic plan.
To protect and grow existing revenue streams.
To develop new and innovative revenue streams.
To protect cost structures.
To manage debtors effectively to zero within 30 days.
To deliver accurate forecasting and cash projections over the current fiscal period with a one quarter projection for the following fiscal period
To construct and deliver effective fiscal budgets based on the business and strategic plan.
To prepare and maintain accurate and timely accounting records - reports, trial balances, reconciliations, audit trails.
To ensure the security of all data (hard copy and electronic) and intellectual property.