SMC financial statements 2004 - 2007
To put things in perspective, what sort of money are we talking about??!!
These figures are public record from the school Annual Reports published by law (in compliance with NSW Education Act 1990) on the school website http://www.stmarkscollege.com/arep.php. 2008 School Annual Report is due in almost two weeks.
School income:
2004: $5,169 2005: $5,267
2006: $5,175 2007: $5,585
Average annual income for the last four years is $5.3 million.
Govt. grants (State & Federal):
2004: $3,794 2005: $3,867
2006: $3,751 2007: $4,084
Average annual Govt. grants for the last four years is $3.87 million.
Government Grants form approximately 73% of the school annual budget.
Who at the college is qualified to run an institution with annual budget over $5 million??!!
The answer to this question will explain the financial and managerial mess that SMC is currently in!!!
Has anybody thought of hiring the services of a business manager as is the case at other reputable schools??!!
Posts
No comments:
Post a Comment