MemberMarch 29, 2023 at 9:46 am
Hi Elisabeth – In terms of potential arguments, I think it might just help to be very clear on how each of the staff investments that you’re proposing could contribute to further advancing the mission, improving operating performance and/or securing/generating/maintaining new and current revenue sources to further build sustainability. Depending on your current operating and financial position and needs, there’s a possibility that some portion of reserves may be needed to fund other short or long-term needs (investments in fixed assets, short-term cash flow shortages, etc.), but I think anything you could do to link your proposed staff investments to your strategies for sustainability could be helpful here.
Curious to hear other’s thoughts. Let us know what you think!