Assets and Operations

Fixed assets will be acquired and disposed of only upon proper authorizations and will be adequately safeguarded and properly recorded.  The school will establish and adhere to a set of effective internal accounting controls that will be administered by the board of directors under the direction of the treasurer, who will be responsible to insure proper accounting controls are implemented and utilized.

The Academy will operate in a manner which insures its long-term financial strength:

a. The school will operate in the black.

b. Cash will be managed in a way that ensures maximum liquidity, and safety.

c. Contributions will be used only for the reason the donations were given.

d. Payroll and other debt obligations will be paid in a timely manner.