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Myschool finance explained

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How to interpret the finance section of the My School website

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Myschool finance explained

  1. 1. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au My School Financial Data Explained Sample Primary School 2010
  2. 2. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au My School – Financial Information • On December 3 ACARA will publish on the My School website the capital and operating income of every school in Australia • This will include the financial information for the calendar year of 2009 • Operating income is for day-to-day expenses like salaries and maintenance • Capital income is for building works and the purchasing of major equipment
  3. 3. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au • From 2010, all costs involved in running a school will be included on the My School website. It will be expressed as a $ value per student • All sources of income are added together and this total (called operating costs) is divided by the number of students in the school
  4. 4. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au i.e. Total Income from all sources Total number of students Example Demonstration Primary School (enrolment 300 students) receives:  $3 million from the State Government  $0.5 million from the Federal Government  $0.1 million from parent contributions, canteen, other charges etc. = $3.6 m/300 students = $12,000 per student per year
  5. 5. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au State Government recurrent funding 81%
  6. 6. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au Terms Explained
  7. 7. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au State Government Recurrent Funding • It’s funding provided to support NSW Government schools. It includes: – Teacher and School Assistant salaries (usually the largest component - >75% at SAMPLE Primary School) – building/grounds maintenance – utilities i.e. electricity, gas, water etc – school cleaning – out of school centralised support e.g. curriculum consultants, State and Regional Office activities etc (school share apportioned by student enrolments &/or floor area).
  8. 8. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au Australian Government Recurrent Funding  It’s funding provided to the State Government to support the education of all students enrolled in public schools as well as funding for targeted National Partnerships and general recurrent funding based on student numbers  Some of this funding is given directly to the schools for: o Literacy programs o Numeracy programs o Low Socio Economic School support o The rest is used to help fund day-to-day to operating expenses like salaries and support from regional and central offices
  9. 9. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au Fees, charges and parent contributions  This figure reflects the contributions and support received from parents and the local school community. It includes all money receipted by the school, such as: o Subject fees o Voluntary contributions o Excursions o Hire of Facilities o Canteen rent/profits o Other extra-curricular activities etc
  10. 10. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au Other Private Sources  Any income shown under note 6 in your OASIS system will be counted as “Other Private Sources” for the purposes My School for example: o Donations from community organisations o Funds that the school holds in trust to pass on to another organisation – and example might be bushfire relief fundraising and 40 Hour Famine
  11. 11. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au MY School capital expenditure
  12. 12. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au  Capital expenditure includes funding given to the school from the Australian Government and the NSW Government  This also includes any money that the school has used from their operating funding for capital projects  Capital projects include buildings, COLAs, playground upgrades, school minor works like putting a new roof on the school, or refurbishing the canteen, or building a school security fence
  13. 13. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au
  14. 14. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au  The cost per student shown on the My School website can vary greatly between schools  This variance is caused by a number of factors, including: i. The size of the school – schools with lower student numbers will have a higher cost per student. ii. The complexity of the student population (if the school has a support unit, if the school has an intensive English centre, if the school is in a remote area). iii. The special needs of individual students in the school (for instance a school may have a student with very high support needs). iv. If the school is part of a targeted initiatives like SIP, PAS or one of the National Partnership Programs
  15. 15. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au This graph shows the correlation between the size of the school and the cost per student. Generally as the number of students enrolled in the school rises, the cost per student will fall Small schools, high cost per student Large schools, lower cost per student
  16. 16. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au My School financial data explained
  17. 17. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au Example of differences School A School B Total Income 2009 (Recurrent Funding) $336,000 $4,588,800 Number of students enrolled 8 600 Cost per Student $42,000 $7,648 Location Rural; Remote Metropolitan Priority Program (PAS funding – low SES) NO NO Support Class NO YES Special Purpose Funding e.g. Norta Norta indigenous program. NO NO N.B :- the average cost per student in a NSW Government Primary school is $12,468
  18. 18. NSW Department of Education & Training NSW Public Schools – Leading the Way www.det.nsw.edu.au

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