Mr. Wyatt questions the Education Department regarding the reserve funds of Greenwood College, specifically seeking a breakdown of the funds and their allocation. The Minister provides a detailed breakdown of the school's finances and asset replacement plans.

AnsweredQoN 1156Legislative 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 $1,292,244.67 for Greenwood College: (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) $1,292,244.67 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
GREENWOOD
COLLEGE
(4122)
418,602.98
847,643.87
591,078.50
675,168.35
614,569.57
2,506.75
1,292,244.67
1 General Fund Balance = Opening Balance + Revenues - Expenses
2 Bank A/C = General Fund Balance + Reserves + Suspense A/C-Tax
(c) $614,569.57
(i) what assets are to be replaced?
(ii) how much has been allocated to replace each asset? ($)
Design and Technology (fixed equipment)
20,855.00
Bus Replacement
110,904.04
Building and Grounds (canteen refurbishment)
20,000.21
Pool improvement and maintenance
36,344.94
Grounds Improvement (Home EC area/English area)
112,778.64
Computer replacement
183,142.31
Outdoor Education (Canoes, trailers, wave skis, life jackets)
4,068.28
Science Texts (national Curriculum, Year 7, new WACE)
4,740.59
Maths Texts and Calculators (national Curriculum, Year 7, new WACE)
5,271.72
Aviation Flight Simulator
1,200.00
Mathletics Years 8-12
5,700.00
Photocopiers
30,000.65
IPS reserve (additional teacher and clerical time)
75,000.00
Dance equipment and costumes
4,563.19
Total
614,569.57
(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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