1. 2018 Budget
AGM November 2017

2. 2017 Finance Committee Provides financial governance support and recommendations to the board
The finance committee for 2017 comprised:
Nathan Barns – board chair
Jim Di Carlo – school principal
Romina Chapman & Lisa Deans – school assistant principal
Aaron Debono – board treasurer
The finance committee with support from Adelina Kusabs, provide the initial inputs to the 2018 Budget for board approval.

3. 2018 Enrolment Numbers Significant portions of funding are based on our student numbers
Kindergarten 60
Pre Primary 60
Year 1 60
Year 2 60
Year 3 60
Year 4 60
Year 5 60
Year 6 61
TOTAL 481 as at 13 November 2017

4. Tuition Fees and Levies for 2018
CEOWA has recommended a fee increase of 2%
The finance committee have accepted the recommendation from CEOWA.
The P&F have elected to increase the P&F levy to $75.
The IT Levy has been increased to $95.
For families with kindy children only the IT levy is $55.
The P&F and IT levies shown are per family.

5. IT Levy IT equipment and skills building continues to be a major focus for the school.
The ITC spend in 2017 was in excess of $130,000.
The CEWA LEADing Lights program will challenge and require growth in the schools ITC environment whilst providing significant benefits for staff, students and parents.
The 2018 levy is forecast to raise approx. $30,590.

6. 2018 Tuition Fees Fees are composed of multiple components that reflect the cost of schooling at each year level
Summary of individual year level charges:

7. 2018 Tuition Fees Summary of main fee components & family discounts
Exclusive of year level charges

8. Forecast Recurrent Income Income is derived from a variety of sources inclusive of government grants, fees and CEWA distributions.
Total income for 2018 is forecast to be $5.258M
Inclusive of
Recurrent income $5,181,385
Capital income $ ,812
Trading income $ ,000
Tuition fees are forecast to make up 8.33% of total recurrent income.

9. Proposed Expenditure – Major Items In addition to normal operating expenses the following items are currently proposed for 2018
Covered walkway between the Admin building and the ECE block.
Replacing two of the ECE PP kitchens.
Ongoing IT equipment purchases to reduce student to device ratios.
Roofing and Ceiling upgrades to the Upper School classrooms.
Commencing December 2017 with funding via CDP loan.
Additional classroom for STEM being assessed.

10. 2018 Budget Summary Income $5,258,197 Expenditure $5,186,522
Budget Surplus $ ,675
Expenditure total includes provisions for $205,000 expenditure on major projects.