High Notes, Vol 16 No 40, December 11 2015
As this is the final edition of High Notes for 2015, I would like to take this opportunity to thank all of High’s staff for their hard work and commitment to the ideals of the school. There have been major changes made in planning processes and in performance and development management. The manner in which our teachers embraced the personal professional planning cycle and the lesson observation commitment in each semester, was impressively collaborative, professional and collegial. The beneficiaries of this collective effort will be our boys. Pedagogy will incrementally improve across the school. Classrooms will be progressively deconstructed from years 7-12 until autonomous learners emerge to take a major role in their own learning direction, design and improvement.
High’s wider community of parents, Old Boys and friends, has again served the school wonderfully well. Additional activities seem to find their way onto our calendar each year, bringing with them a need for more volunteer time. The Light Rail will bring complications for nearly 5 years. Our PCG for the Governors Centre requires another two or three years of commitment. Our Foundation, Fundraising Management Committee and School Council have many tasks to perform in the year ahead. Thank you so much to all those volunteers involved.
Annual Financial Statement – Movements
On the expenditure side, savings were made in capital expenditure (down 51%), utilities (-19.6%) and general staff wages (down 43.6%). Increases were seen in computer network expenses (+20.75%) associated with BYOD and a school-financed TSO. Teacher relief was up 27.6%, partly because of on costs being charged to the school. Capital maintenance costs were up 15.7%. Office & Administration costs were up 3%, mainly due to a reclassification of capital (>$10,000) which pushed most expenses into minor equipment. Equipment maintenance costs were reduced by 6.4% while utilities were held to a 2.6% increase, hardly above inflation. Trust payments were steady.
Expenditures increased by <1% to $4,665,652. Retained earnings fell by 6.9%. Clearly, both the income and expenditure sides of the budget will need to be improved in 2016 if possible.
For 2016, funds available are expected to be $5,241,192. Expenditures of $4,665,852 are projected. In our retained earnings - operating reserve, unpaid orders and unpaid casual salaries – we hope to keep $575,540 to carry us through a couple of weeks of December and all of January. We rely totally on the great financial support of our broader school community for all but $1m of these funds.
This complete issue of High Notes is available in PDF format.