FINANCE MENTONE GRAMMAR SCHOOL IS A COMPANY LIMITED BY GUARANTEE. THE FOLLOWING INFORMATION SUMMARISES THE SCHOOL’S 2019 INCOME AND EXPENSES, BROKEN DOWN BY FUNDING SOURCES.
INCOME 2019 Fees and Levies - including local and international students (77.3%) Government Grants (19.8%) Other (2.9%)
Fees and Levies (including local and international students)
$39,694,235
Government Grants
$10,141,960
Other $1,503,649 $51,339,844
EXPENSES - CONSOLIDATED Salaries and employee benefits (60.6%) Education and general costs (26.9%) Property and maintenance (11.4%) Finance (including interest and bank charges) (1.1%)
Salaries and employee benefits
$30,264,306
Education and general costs
$13,409,613
Property and maintenance Finance (including interest and bank charges)
$5,691,269 $570,770
$49,935,958
$1,403,886
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