Reserve balances are crucial assets for international education offices, providing a financial safety net that ensures stability and flexibility amidst uncertainties. This white paper provides an in-depth examination of effective strategies for building, managing, and advocating for designated reserve balances within these offices. It presents a thorough analysis of best practices and strategic approaches, offering actionable insights to navigate financial challenges and bolster operational stability. By emphasizing prudent reserve management and providing concrete talking points, the paper aims to equip international education professionals with the tools needed to secure institutional support and achieve sustainable financial health over the long term.
HEIBO has developed an interactive Reserve Calculator to assist in determining an appropriate reserve balance for your institution. The tool allows for customization of a formula based on the unit’s budget, human resources retention policies, and risk tolerance. In addition, HEIBO has also made available a more detailed reserve calculator developed by one of our authoring institutions.
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