ELECTION OF SCHOOL BOARD OFFICE BEARERS (2022 Board Members only to

Treasurer’s Report

Executive Summary

After an exciting and eventful year for St Joseph’s Payneham, the bottom line finished in a very healthy position. As a result of considerable planning and financial diligence, the school has finished with a surplus of $639,576. As always, each and every financial decision is made with the students in mind and to ensure the long-term growth/sustainability of the school.

2021 Income and Expenditure

• Bottom line

St Joseph’s Payneham ended the year with a surplus income of $639,576 after initially budgeting for a surplus of $122,100. Income was $5,716,987; $375,787 above plan, with expenses coming in at $4,810,536; $56,916 behind plan.

• Grants

The school received an additional $233,948 in government grants during the year, over and above what was estimated based on CESA calculations.

• Tuition Fees

$46,044 against budget, primarily due bad debts coming in lower than estimated.

• Parish Giving On behalf of the school, I would like to thank the Parish for their generous financial support throughout the year with donations totalling $13,250.

• Teaching Salaries This core expense came in $76,288 over the amount budgeted, however was offset by an increase in ‘other income’ from CESA and Government for Long Service Leave.

• IT Expenses Spending on IT was $19,072 lower than anticipated, primarily due to lower software license costs, but also due to unavailability of relevant items.

• Levies – CEO

Levies came in $35,044 higher than anticipated, however the educational levy increase was offset/reimbursed via a grant, hence no impact.