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Schools Reinvest Surplus Funds

Letter to the Editor published in The Courier-Mail, 12 April 2018

I refer to your story "Grammars an expensive business, the books say" (C-M, Apr 11).

Grammar schools, like all independent schools, are not-for-profit institutions, which means all funds must be used to fulfil and further their education mission to students.

From year to year their balance sheets may show a surplus or deficit. This often depends on what stage the school is at in its long-term strategic building and curriculum-planning cycles.

Independent schools are continually investing parent capital contributions received over many years in new infrastructure and building maintenance. This can only be achieved through a surplus of income over expenditure.

A surplus is considered good financial practice. It gives parents and the community confidence that these schools are financially viable and responsibly managed.

Queensland's eight Grammar schools have made enormous contributions to their communities and to education in the state.

David Robertson, Executive Director, Independent Schools Queensland

Upcoming Events

Funding Certainty for Schools

20 September 2018 - Independent Schools Queensland says the school funding package announced by the Australian Government today provides vital short-term funding certainty for independent schools and also outlines a roadmap for the future.

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Celebrating the Sector's First HALTs

7 September 2018 - Queensland’s independent schooling sector last night celebrated the accomplishments of 25 exceptional educators who have confirmed their places among the nation’s top guns of teaching.

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The impact of the Parental Income Tax measure

16 October 2018 - ISQ ED David Robertson discusses the potential impact of the Parental Income Tax (PIT) measure on funding for the sector. Meanwhile ISQ Director (Strategic Relations), Shari Armistead, together with Senior Advisor (Public Affairs), Justine Nolan examines the power of parental engagement in educational performance.

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