2013 Annual Review

GENERAL REPORT MS COLETTE PRETORIUS CHIEF FINANCIAL OFFICER

1%

REVENUE

EXPENSES

1%

1%

2% 2%

3%

2% 2%

2%

4%

Net Tuition Fees

Teaching Staff Salaries Professional Staff Salaries Other Staff Benefits & Costs ICT & Printing Expenses Repairs & Maintenance Other Costs Depreciation Tuition Costs Borrowing Costs Minor Plant & Equipment Utilities

8%

5%

Commonwealth Government Grants State Government Grants

5%

Interest Received Confirmation Fees Donations & Bequests Sundry Income Enrolment Fees Net Surplus External Hire

12%

6%

7%

71%

42%

10%

14%

GOVERNMENT ASSISTANCE

The sources of funding were deployed to ensure the School was adequately resourced to provide our students with a high quality, contemporary and creative learning place, as well as engaging outstanding staff to produce exceptional scholars. The School’s operating expenses have been illustrated in the graph below, while the core operating expenses are highlighted as follows: • Employee benefit expenses/staff costs — staff costs make up 66% of the School’s total operating expenses and ensure that the School maintains its record for employing exceptional teaching and professional staff. • Information technology (IT) and printing — technology remains a key focus for the School in preparing for the Bring Your Own Device Strategy and, together with printing costs, made up 7% of the total expenses. • Repairs and maintenance and utilities — the School is very proud of the high standard of maintenance across its campuses supported by a rotational maintenance programme. Repairs and maintenance and utilities expenses made up 6% of the total expenses. • Depreciation and borrowing costs — depreciation of the School’s assets and borrowing costs through Queensland Treasury Corporation (QTC) funding large capital building projects made up 8% of the total expenses. • Tuition costs — these costs fund the day-to-day student activities both in and outside of the classroom and

The School would like to acknowledge the contributions made by the State and Commonwealth Governments in the form of grant allocations. The grants received and approved in 2013 included: • Recurrent State and Commonwealth Government

Grants, including Indigenous assistance: • Commonwealth Grants – $ 3,835,872 • State Government Grants – $ 2,195,161.

• Literacy, numeracy and special education grants, including English as a Second Language, special education, Asian languages and students with a disability grant received from Commonwealth Government – $16,952 • Commonwealth Government Digital Education Revolution Contribution for sustainment to 31 December 2013 – $161,673 • Funding from the Queensland Government for VET Coordination, literacy and numeracy and special education – $17,396 • Queensland State Endowment grant provided to Grammar Schools in Queensland to assist with the additional compliance cost to comply with State Government legislation for Statutory Bodies – $21,500

include approved activities such as camps, co-curricular activities, excursions and visiting speakers. Tuition costs made up 4% of the total expenses.

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BRISBANE GIRLS GRAMMAR SCHOOL 2013 Annual Review