Mr. Wyatt questions the Education Minister regarding the $1.75 million reserve fund of Mirrabooka Senior High School, seeking a breakdown of its components and allocations. The Minister provides a financial breakdown and clarifies the allocation of funds.

AnsweredQoN 1143Legislative Assembly
Asked
10 September 2013
Portfolio
Education

QuestionView source ↗

I refer to the list of Western Australia’s Richest 100 Public Schools that was printed in the West Australian on 30 August 2013 and sourced to the Department of Education and I ask in respect to the amount of $1,755,675.53 for Mirrabooka Senior High School: (a) at what date was this amount standing in the school’s reserve fund; (b) what is the break-down of the components that make up this figure; (c) how much of this amount is allocated to the replacement of assets: (i) what assets are to be replaced; and (ii) how much has been allocated to replace each asset; (d) of the amount in the reserve fund, how much are parent contributions for school fee; and (e) of the amount in the reserve fund, how much is unallocated for any "specific purpose"?

AnswerView source ↗

Answered
16 October 2013
Responded by
Minister representing the Minister for Education
Response time
36 days
(a) $1,755,675.53 was the total amount held in the school's bank account/s as at 30 June 2013. Included in this figure is the school's reserve fund.
(b)
School Name
Opening
Balance
Revenues
Expenses
General
Fund Bal
1
Reserves
Suspense
A/C - Tax
Bank A/C
2
MIRRABOOKA SHS (4036)
307,852.22
819,084.41
511,570.20
615,366.43
1,125,885.61
14,423.49
1,755,675.53
1 General Fund Balance = Opening Balance + Revenues - Expenses
2 Bank A/C = General Fund Balance + Reserves + Suspense A/C - Tax
(c) [Tabled Paper No]
(d) Not applicable. Parent contributions are not applied to reserve funds.
(e) Not applicable. All funding in reserves is allocated - refer to Question (c).

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