3: Financial Growth
Create net growth and stability for the AFRH Trust Fund. Other Information:
The Trust Fund is the source of financial resources for AFRH and has to be continuously replenished. Our fundamental financial
strategy is to effectively manage resources, decrease expenditures, increase revenue and realize net growth in the AFRH Trust
Fund. Current Trust Fund income sources (fines and forfeitures, etc.) will certainly continue. We must look to the future
and generate innovative solutions to ensure the Home’s financial stability. In the end, AFRH must maximize all available resources
– while also providing the best services and facilities to our residents. Challenges and Trends: Hurricane Katrina changed
how AFRH does business. With Congress involved, the future of AFRH has shifted from modernizing two campuses to looking at
other possibilities. Private retirement homes are plentiful in the marketplace – and they challenge the status quo of our
established operations.
Objective(s):
|
