Financing Key Initiatives
The Strategic Planning process was, to a large degree, a time for imagination and creativity, a time to envision bold ideas that might hold promise and possibility for Cedar Crest. However, the process that encouraged thinking without bounds was followed, in the final planning stages, by a realistic analysis of the financial resources needed to bring the initiatives to fruition. A detailed financial analysis of each initiative was prepared, showing revenue and expenses for five years. This accounting shows expected tuition and donor revenue, a budget in all expenditure categories, minimum and maximum projected expenses, and full explanatory notes. The analysis was prepared in close consultation with the faculty and/or staff member(s) proposing the initiative, estimating expenses conservatively to ensure wise use of current and future resources.
While necessarily speculative, this thorough financial analysis of the Strategic Plan, combined with careful resource reallocation in the College’s operational areas, gives us confidence that we will be able to implement our key initiatives.
As we move forward with our Plan, strategic financing will guide the College’s budgeting and decision-making processes. Our diligence in planning and allocating resources will ensure that we can sustain financial support of key initiatives for the duration of the Strategic Plan.
Download Strategic Plan