❓ Mr. Wyatt asks about the financial details of Rossmoyne Senior High School's reserve fund, specifically regarding the amount, breakdown, asset replacement allocation, parent contributions, and unallocated funds. The Minister provides a breakdown of the school's finances and clarifies the allocation of funds.
AnsweredQoN 1125Legislative Assembly
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 $3,004,955.50 for Rossmoyne 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) $3,004,955.50 was 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
ROSSMOYNE SHS (4048)
207,493.74
1,937,869.87
1,654,073.85
491,289.76
2,508,922.92
4,742.82
3,004,955.50
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).
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
ROSSMOYNE SHS (4048)
207,493.74
1,937,869.87
1,654,073.85
491,289.76
2,508,922.92
4,742.82
3,004,955.50
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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