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The article "Fourteen Steps to More Effective Cash Flow Management," in the Exchange book, Managing Money: A Center Director's Guidebook, offers this cash flow advice:

"During major cash flow crises, there is a temptation to reach out for quick one-shot solutions — organizing a fundraising, seeking grants, seeking donations from current and former parents. These solutions will demand a lot of energy and time to pull off, with no guarantee of success. Rather than investing your resources into such one-shot solutions, you should consider new ventures that can fit into the long-range plans of the organization. For example, it may be a better use of everyone's time to launch a new after-school component than to organize a pancake breakfast; to create a new one-Friday-a-month 'parents' night out' service, than to hold a center-wide yard sale."

160 pages packed with expert advice on every aspect of money management, including long-range planning, fundraising, financial reporting, cash flow analysis, audits, salary schedules, fee policies, collection techniques, and management software. A comprehensive guide to one of the most important aspects of center management.

Topics Include:

• Basic Money Management Tools
• Financial Evaluation Tools
• Financial Policies and Procedures
• Fundraising Strategies
• Fundraising Success Stories
• Long Range Planning

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