6.6: Finance
Maintain PRSA’s fiscal strength. Other Information:
• Supporting Action — Review business models employed at the macro and micro levels for relevance, effectiveness and flexibility.
• Supporting Action — Employ financial and operational “dashboard indicators” that present a concise summary of the Society’s
financial health at regular intervals. • Supporting Action — Expand corporate sponsorship program beyond current partners.
• Supporting Action — Expand current sources and explore additional sources of non-dues revenue. • Supporting Action — Review
current dues structure and propose options to maximize member value while maintaining revenue stream. • Supporting Action
— Review and recommend investment policy updates to maximize long-term growth of net assets while maintaining a minimum income
contribution to annual operating needs. • Supporting Action — Review budgeting approach and implement changes that will enable
realistic financial goals with appropriate contribution to net asset building. • Supporting Action — Review all spending policies
for appropriateness and implement changes to maximize benefits returned on funds expended. • Supporting Action — Review all
internal controls and update as appropriate. Implement new controls as warranted.
Indicator(s):
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