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- COVID-19 Finance FAQ for Catholic Schools
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How can schools pay for expenses incurred during the period that they are shut down?
Expenses for costs incurred in the normal course of business such as payroll, utilities and the like should have been contemplated in the current fiscal year budget. An issue will arise if the school is unable to collect or waives outstanding tuition payments. Unpaid tuition impacts cash flow and the ability to pay bills.
Please save all receipts for extraordinary expenses incurred during this crisis (e.g., deep cleaning and sanitizing the school, costs of additional technology to address distance learning requirements, etc.). There is an expectation that government assistance will be offered for such expenses at a future time. A notification to our schools will be made when such assistance program(s) become available.