60s 70s Spireite, on 17 March 2017 - 08:21 PM, said:
How can the Academy stop losing money, when it's not there to make a profit, its there as an investment for the future. It's a cost centre, not a revenue stream.
Any "cost centre" can "cost" more than it should if it's expenditure is out of control. This is true within any organisation not just at CFC.
Clearly "costs" are out of control at CFC and it is correct to look at every single avenue of expenditure to try to eliminate that which is wasteful and/or unnecessary with a view to getting back onto a sustainable basis going forward.
I am not sure why there is this obsession that it needs an accountant to do this. Certainly an accountant can examine the records and make appropriate comparisons as to where costs have risen but other managers should be able to see where overspend is going on as well. If an overhead that walks in on two legs is removed it has to be agreed as to how that individual's work is covered by those that remain,for instance, and such decisions will often be taken by "non-accountants".
It should be a team effort and is a necessity in the case of CFC so why, when we have been so critical in asking as to where the money is going, are we so up in arms when someone is trying to do something about it? I am not taking sides on this one, AC has been dealt a difficult hand but he is where he is whether he should be or not, and SC, I feel, will do his best. We have to start somewhere - certainly, any new owners would and they would not necessarily try and explain themselves if they were to take unpopular decisions.