1909 Operations Policy Review: Finance - 16 September 2019

Financial Policies

Financial Planning

Budgeting shall not fail to reflect the school’s strategic results, risk financial jeopardy nor fail to show a generally acceptable level of foresight. Thus financial processes must: 

Financial Condition

The financial viability of the organisation must be protected at all times. Therefore, the principal shall not:

Asset Management

Assets may not be unprotected, inadequately maintained or unnecessarily risked. Accordingly, the principal may not:

Principal's Interpretation

Data to Verify that the Policy Interpretation is Being Fulfilled

We note that you are one of the few schools who did publish your 2017 Annual Report on your website on a timely basis. This confirms that your procedures and processes are working to ensure new legislative requirements are being complied with. 

The Day-to-Day Accounting System 

Overall, based on our knowledge of your school and the results of our audit procedures, we again found the financial control environment in place at your school to be good. The attitude towards controls and ensuring your school is being governed effectively is very positive. We were also impressed that your board appears concerned about planning and performance monitoring. 

Our Sincere Thanks 

We would like to take this opportunity to thank the Principal and Financial Administrator for their assistance and co-operation during our audit. The assistance from the school team greatly influences the efficiency of the whole audit process, 

We would also like to thank the trustees for selecting Bennett & Associates as your auditors. We appreciate our relationship with your school and look forward to continuing to provide a valuable service to you. 

Chicky Rudkin

Principal