A WA parliamentary question seeks detailed information about the reserve funds of Ocean Reef Senior High School, including the breakdown, asset replacement allocations, and sources of funding. The answer provides a detailed breakdown of the school's finances and asset replacement plans.

AnsweredQoN 1147Legislative 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 $1,530,585.17 for Ocean Reef 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) $1,530,585.17 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
OCEAN REEF SHS (4140)
650,916.43
1,346,435.51
1,033,434.09
963,917.85
566,830.01
-162.69
1,530,585.17
1 General Fund Balance = Opening Balance + Revenues - Expenses
2 Bank A/C = General Fund Balance + Reserves + Suspense A/C-Tax
(c) $566,830.01
(i) what assets are to be replaced?
(ii) how much has been allocated to replace each asset? ($)
Bus replacement
60,008.26
Computer replacements 2013
50,000.00
Computers / Smart boards / Projectors / ICT/ printers/Servers
51,809.76
Plant & Equipment Eg) Lathe/Welders/Drills/Saws/Car Hoist etc
46,292.14
Machines - Eg) Scrubbers/Power Sweeper/Carpet and Floor polisher / Bin lift/ Tractor/ Washers / Dryers/Dishwashers etc
60,372.50
Other vehicles incl:- Boats, trailers (includes outdoor Ed and Marine Studies
10,000.00
Building improvements; refurbishment of Darkroom, garden / paving and grounds
56,808.32
Equipment Replacement Eg) Kiln/ Pianos/Coffee Machine/Virtual babies/Lighting and Sound equipment /Freezers/Fridges / Musical instruments etc
66,024.60
Furniture replacement Eg) Library shelving, classroom desks, chairs, staffroom and office furniture
32,423.47
Photocopier replacement plan:- Curriculum and Administration including B/W and Colour machines/ Booklet makers etc
23,090.96
Staffing and Relief costs to support SFSA and Salary Pool 2013-2014 IPS
110,000.00
Total
566,830.01
(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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