CEO Notebook |
More than 60 of your peers gathered in Las Vegas last week at NACOBO, a thought-leadership event that NBOA holds every other year, to discuss our collective pursuit toward financial health for our schools. NACOBO stands for the North American Conference on the Business Office and fosters in-depth discussions on common concerns among its participants (one or two representatives from almost every state, Canada and Mexico, along with NBOA senior staff and the NBOA Board Executive Committee).
Your Strengths Are Your Best Investment
I’m Listening …
NACOBO is a listening event for NBOA. One of the most important responsibilities of a national association is to listen to its members and respond accordingly. NACOBO facilitates this in abundance. Its purpose is to identify issues of shared importance to our growing membership within independent school operations, helping us meet our responsibility to continually refresh our understanding of members’ needs and respond in kind with programs, products and services to support the work of our members from coast to coast. To help achieve this goal, participants shared their expertise, insights and experiences and, as at every NBOA event, built collegiality and a national network among themselves. In fact, the sense of community among business officers in attendance was palpable in the opening moments of the program.
Lewis Carroll famously stated, “If you don’t know where you’re going, any road will get you there.” Therefore, joined by NBOA Board Chair Tracey Fudge, director of finance and operations at the Holton-Arms School, we opened the program by sharing the NBOA definition of financial health, developed by business officers on behalf of NBOA:
Financially healthy schools have the resources to sustain their operations for the long term, relative to their individual missions. These schools have successfully developed and implemented financial plans for both operations and facilities. These plans, funded in part with tuition and fees, also maintain financial reserves which adequately cover all current and projected future obligations.
This goal is where NBOA is going on behalf of its schools. But where we are now and how we will get there was part of our listening journey at NACOBO. Here’s some of what we heard:
I hope you see yourself in the highlights of our NACOBO discussions and the work of NBOA while we work together to answer these often-confounding questions, build on our collective leadership strengths, overcome our challenges, and stay motivated to fulfill our unique roles in guiding our schools toward long-term and sustainable financial health.
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