Financial Management

In order for the Seminary to be able to fulfill its mission, in this generation and in those to come, it is critical that adequate financial resources be available. In addition to prioritizing the appropriate practices for both raising funds and investing existing financial resources, the following financial goals will be emphasized:

• Conduct the Seminary’s annual operations on an efficient and balanced budget basis

• Adhere to a fiscally responsible endowment spending policy as set by the Board, in order to protect the future purchasing power of the fund

• Maintain appropriate systems, controls, policies and procedures such that the Seminary’s financial transactions are accurately and efficiently recorded

• Keep in force adequate policies of insurance in order to protect assets of the institution

Strategic Plan 2008–2012 Home