❓ Mr. Wyatt questions the Education portfolio regarding the $1,008,374.42 reserve fund of Butler College, seeking a breakdown, asset replacement allocation, parent contributions, and unallocated funds. The response details the fund's composition and clarifies that no funds are allocated for asset replacement or derived from parent contributions.
AnsweredQoN 1177Legislative 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 $1,008,374.42 for Butler 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) $1,008,374.42 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
BUTLER COLLEGE (4191)
1,311,412.61
267,258.50
569,940.44
1,008,730.67
0
-356.25
1,008,374.42
1 General Fund Balance = Opening Balance + Revenues - Expenses
2 Bank A/C = General Fund Balance + Reserves + Suspense A/C - Tax
(c) $0
(i)-(ii) Not applicable.
(d) Not applicable. Parent contributions are not applied to reserve funds.
(e) Not applicable. All funding in reserves is allocated - refer to Question (c).
(b)
School Name
Opening
Balance
Revenues
Expenses
General
Fund Bal
1
Reserves
Suspense
A/C - Tax
Bank A/C
2
BUTLER COLLEGE (4191)
1,311,412.61
267,258.50
569,940.44
1,008,730.67
0
-356.25
1,008,374.42
1 General Fund Balance = Opening Balance + Revenues - Expenses
2 Bank A/C = General Fund Balance + Reserves + Suspense A/C - Tax
(c) $0
(i)-(ii) Not applicable.
(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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