Question On Notice No. 734 asked in the Legislative Council on 13 March 2018 by Hon Martin Aldridge
Question Directed to the: Minister for Education and Training
Parliament: 40 Session: 1
Question
I refer to the Moora Residential College, and I ask for the 2017-18 financial year and each of the four previous financial years:
(a) what was the amount of fees collected;
(b) what was the total income and total expenses;
(c) what was the taxpayers contribution by way of deficit funding;
(d) what cash reserves does the college have outside of its operating budget; and
(e) how much was spent on maintenance and capital improvement?
Answered on 11 April 2018
(a) – (d)
Time Period
|
(a) $
|
(b)(i) $
|
(b)(ii)
|
(c) $
|
(d) $
|
(e) $
|
Estimated Budget 2017-18
|
362 900
|
465 910
|
843 827
|
0
|
0
|
141 942
|
2016-17
|
411 690
|
454 949
|
812 652
|
313 473
|
225 858
|
38 096
|
2015-16
|
433 043
|
507 303
|
786 582
|
258 125
|
201 605
|
61 535
|
2014-15
|
342 273
|
381 982
|
714 776
|
332 794
|
194 973
|
16 090
|
2013-14
|
352 327
|
448 157
|
795 626
|
366 326
|
170 442
|
106 960
|
Note (1): for the 2017-18 Estimated Budget, Moora was allocated an indicative deficit funding amount of $377 917. However, due to the college closure, no contribution has been made and the college was advised to withdraw from its investment accounts. Therefore, the 2017-18 balance is $0.
The total income received in column b (i) includes the amount of fees collected as well as additional income such as rental of facilities, interest and other miscellaneous revenue.
Total expenses in column b (ii) less total income in column b (i) differs to what the taxpayers’ contribution was by way of deficit funding due to the deficit funding amount being set at the start of the year based on estimates of expenses and income, which vary during the year.