How mature is your school finance function?

You might ask why it is important that my finance function is mature and what does that even mean?

The governance and financial sustainability requirements placed on schools is forever increasing in seeking to achieve more with less within an increasingly costly and complex environment. These pressures arise from external as well as internal influences including from funding arrangements, legislative instruments and the community of members and parents. This is reflected in financial pressures to keep fee increases low, reductions in Government funding in real terms and upwards pressure from community and educators to have the newest and latest technology and infrastructure as well as highly skilled staff.