Page 25 - 2017/2018 Salesanium Annual Report

Finance
Salesianum continues to enjoy a period of financial stability, strengthened by sound stewardship of assets and conservative management.
The 2017-18 fiscal year saw the completion of a $2.5 million investment in the envelope of the building,
a project fully funded through the school’s PPRSM account, which is dedicated to facility maintenance. In recent years, Salesianum has been disciplined in its funding of accounts, such as PPRSM, which provide the school needed resources for routine and unscheduled maintenance. This year was no different, with the school allocating $325,000 to the PPRSM account, so that the institution will continue to have the flexibility to meet the demands of the academic programs and the facility that houses those programs.
Additionally, in an effort to provide an enterprise-wide software solution, the finance operation adopted a new accounting platform that is compatible with the student CRM software. This change sets the table for integration of data across all areas of operation, improving efficiency and, once full integration is complete, creating a much easier end-user experience when managing a student account.
In a similar vein to student wellness, the health and happiness of Salesianum’s 133 employees continues to be a priority as the Finance Office manages the school’s human resources. For the second straight year, biometric screening was provided for all employees, offering individuals critical insights into various markers for overall health and wellness. Employees are also able to take advantage of other health- and wellness-related services, such as a complimentary flu-shot program and free yoga classes. While the efficacy of such programs is difficult to measure, Salesianum was — with minor modifications to our health plans — able to level our insurance premiums for the current school year, helping to control costs and continuing to provide everyone with a high-quality health insurance program.
SALESIANUM. WHERE MODERN MEN BEGIN. 23