2007-08 Adopted Plan - Wake County Public School System

Systemwide - Fiscal AccountabilityExpected Effect on Goal 2008:Finance recovery from accidental losses and prevention of onecatastrophic or a series of smaller losses to prevent adverse fi nancialimpact on Wake County Board of Education’s budget.Evidence or Reasoning for this Strategy:Systemwide growth in facilities, employees, students, vehicles requiresus to protect WCPSS assets and prevent losses from adversely effectingrevenues.Strategic Directive 2: Retain, recruit, and train high quality employees.Strategic Directive 4: Expand fi scal accountability.Legal Implications (if any):Wake County Board of Education must have funds readily available forpayment of claim or judgments for damage or injury as a result of ournegligence or tort acts.252