2018 Budget AGM November 2017 2017 Finance Committee

2018 Budget AGM November 2017

2017 Finance Committee Provides financial governance support and recommendations to the board • The finance committee for 2017 comprised: • • Nathan Barns – board chair Jim Di Carlo – school principal Romina Chapman & Lisa Deans – school assistant principal Aaron Debono – board treasurer • The finance committee with support from Adelina Kusabs, provide the initial inputs to the 2018 Budget for board approval.

2018 Enrolment Numbers Significant portions of funding are based on our student numbers • Kindergarten • Pre Primary • Year 1 • Year 2 • Year 3 • Year 4 • Year 5 • Year 6 • TOTAL 60 60 61 481 as at 13 November 2017

Tuition Fees and Levies for 2018 • CEOWA has recommended a fee increase of 2% • The finance committee have accepted the recommendation from CEOWA. • The P&F have elected to increase the P&F levy to $75. • The IT Levy has been increased to $95. • For families with kindy children only the IT levy is $55. The P&F and IT levies shown are per family.

IT Levy IT equipment and skills building continues to be a major focus for the school. • The ITC spend in 2017 was in excess of $130, 000. • The CEWA LEADing Lights program will challenge and require growth in the schools ITC environment whilst providing significant benefits for staff, students and parents. • The 2018 levy is forecast to raise approx. $30, 590.

2018 Tuition Fees are composed of multiple components that reflect the cost of schooling at each year level • Summary of individual year level charges:

2018 Tuition Fees Summary of main fee components & family discounts Exclusive of year level charges

Forecast Recurrent Income is derived from a variety of sources inclusive of government grants, fees and CEWA distributions. • Total income for 2018 is forecast to be $5. 258 M Inclusive of • Recurrent income • Capital income • Trading income $ $ $5, 181, 385 61, 812 15, 000 • Tuition fees are forecast to make up 8. 33% of total recurrent income.

Proposed Expenditure – Major Items In addition to normal operating expenses the following items are currently proposed for 2018 • Covered walkway between the Admin building and the ECE block. • Replacing two of the ECE PP kitchens. • Ongoing IT equipment purchases to reduce student to device ratios. • Roofing and Ceiling upgrades to the Upper School classrooms. • Commencing December 2017 with funding via CDP loan. • Additional classroom for STEM being assessed.

2018 Budget Summary • Income $5, 258, 197 • Expenditure $5, 186, 522 • Budget Surplus $ 71, 675 Expenditure total includes provisions for $205, 000 expenditure on major projects.