School Finance
Financial Stewardship: What Is the Board Actually Responsible For?0% complete

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Friday, 18:40

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An urgent request from the Head of School

From: Head of School To: All Board members "Our student and staff laptops are failing faster than we can repair them, and teachers tell me it is affecting lessons and assessments. A supplier has offered a five-year lease for 300 new devices, with a stated contract value of 420,000. The offer includes a 12% discount that expires on Monday. This was not in this year's budget. I'd be grateful for the Board's agreement by email this weekend so that I can sign on Monday."

  • Andromeda International School: 280 students
  • The Head may approve commitments up to 50,000 within the approved budget
  • Unbudgeted or multi-year commitments above 150,000 are reserved to the Board
  • No payment schedule, lease terms or alternatives are attached
  • Figures are illustrative, in Andromeda's operating currency

The need sounds real and the deadline is close. How would you reply?