Home›Questions on Notice›QoN 1188

❓ Mr. Wyatt questions the Education Minister regarding the financial reserves of WA College of Agriculture - Harvey, specifically seeking a breakdown of the $938,815.68 reserve fund. The Minister provides a breakdown of the school's finances and clarifies the allocation of funds.

AnsweredQoN 1188Legislative Assembly

Asked

10 September 2013

Member

Mr B.S. Wyatt

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 $938,815.68 for WA College of Agriculture – Harvey: (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) $938,815.68 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
Reserves
Suspense
A/C - Tax
Bank A/C
WACA - HARVEY (4204)
67,678.88
1,685,697.68
1,672,823.54
80,553.02
811,678.99
46,583.67
938,815.68
(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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