2. AGM of School Board 2015

3. SCHOOL BOARD ANNUAL GENERAL MEETING AGENDA Please note: The attendance form is near the door. Please enter your name and the name of anyone offering their apologies. 1.Opening Prayer. 2.Acceptance of Minutes of the 2014 A.G.M. 3.Business arising from the minutes of A.G.M 2014. 4.A report by the current Board chairman to the School community on the operation of the Board during the preceding 12 months. The Board will make the report available to the School Community. 5.An announcement of the criteria for Board membership, as stated in Section 8.1 of this Constitution; 6. Election of members to the Board and; 7.Announcement of the names of the new members of the Board. 8.Treasurer’s report. a) Statement of the provisional budget for 2016. b) 2016 School Fees. 9.Chair closing.

4. School Board Annual General Meeting Provisional Budget Report 2016 Report presented by the School Board Treasurer, Christopher Casale

5. This year’s budget has been prepared on the basis of 260 Pre Primary – Year 6 and 59 Kindergarten students

6. Overview of funds 90% of Income received from Government Funding and 7.5% from school fees. The Initial Budget has to have a balanced Recurrent Component which ours does. Provisions are required for 2016 January Salaries equating to $185,698. Main expense for the school is salaries and on- costs of salaries which total approx. 75% of income received.

7. INCOME – INCOME – Major Items Gross Tuition Fee$ 271,400 Other Student Income$ 28,000 Excursion and Camp$ 28,350 Other Recurrent Income$ 370,450 Compulsory Tuition Charges$ 29,300 State Govt Grant$ 740,000 Commonwealth General Rec Grant$1,699,500 Other C’wealth Grants$ 258,700 Building Levy$ 50,700 Capital Receipts From The P&F$ 25,000 Building Grants/Low Interest Loan$4,312,000 Total Receipts$7,813,400

8. EXPENDITURE – EXPENDITURE – Major Items Salaries and on costs$2,490,000 Other recurrent expenditure$ 613,000 Maintenance and Grounds$ 93,000 Co responsibility Building Fund$ 36,300 New Fencing$ 62,000 New Furniture for Year 2$ 30,000 Replacement of Principal’s Motor Vehicle$ 20,000 Repayment Of Principal Loans$ 130,000 Building Stage 12$4,339,000 Total Payments$7,813,300 BUDGET (Surplus)$168

9. CECWA recommended a 3% to 5.0% fee increase and the Board has adopted a 4% fee increase. The recommended levy of discount for siblings remains at 2 nd child – 20% discount 3 rd child – 40% discount 4 th child – 100% discount Building Levy is set at 20% of the first child’s Tuition Fee

11. Parents and Friends Wish List 2016 The School Board will be seeking the continued support of the Parents and Friends Association in the support of initiatives such as: 1.20 IPad and 21 Surface pros. 2.Literacy and Mathematical Resources. 3.Subject to building considerations purchase of additional play resources. 4.Purchase of academic extension materials. To the value of $25,000 or their capacity to fund.

12. THE END