STUDENT RESOURCE PACKAGE

VASSP - 21 February 2014

2014 SRP

$23.7m in new SRP funding provided in December 2013: $7.3m for all schools added to credit

portion of the core per student rates $16.4m for schools eligible for Low SES in

2014 Confirmed SRP will be released on 2 April Continue to work with key stakeholders,

like VASSP, through the SRP Consultative Committee and Expert Principals Advisory Group

New SRP System

In response to the introduction of new payroll software, SRP systems had to be changed

Currently, a temporary fix is in place to manage data between payroll and SRP

Permanent solution has been developed SRP reports will look the same Experiencing issues with loading data into the new

system which has delayed release of reports. Next steps:

Leave replacement Salary mischarges Reconciliation

SRP Support

If you are experiencing issues and you would like support there are people and resources available.

There are a number of people who can provide support at various levels: SRP hotline Technical Leadership Coaches School Finance Liaison Officers

Technical programs – circular sent to all schools on Tuesday inviting enrolments: Dollars and Sense Talking Finances

School Information Portal - Finance There are two school-focussed sets of finance information

available through the School Information Portal (SIP): School Financial Data (SFD) - tables and graphs linking Student Resource

Package & CASES21 Finance data. Information is displayed through a series of tabs in the portal (SIP) and covers areas such as: Financial position, operating position, revenue, expenditure & commitments

against bank balances. School Resource Indicators (SRI) - graphical snapshot of a school’s

financial management performance in relation to other similar (type and size). Fiscal balances:- bank account balance, operating position & SRP salaries

position Staffing resource shares:- proportions of staff within categories of classroom

teacher, leadership and non-teaching budget share Solvency:- workforce bridging Financial management practices:- audit comments

Training program developed in collaboration with VASSP with a view to rolling out in Term 2

SIP – Finance SFD example School Number Enrolment Group Group Count

Secondary 801 - 1200 94School Details

School Name Reporting Month

Jan 2013

SIP – Finance SRI example School Number Group Count

94School Details

School Name Enrolment Group Reporting Month

Secondary 801 - 1200 Jan 2013

12 Month Position 36 Month Position

Legend

School Marker School Marker

Group Median Group Median

Outer 10 P ercent Inner 50 P ercent M iddle 40 P ercent

Fiscal Balances (per student dollars)

Salary Budget Position **

Net Cash Position

Financial Position

** Salary Budget Position w ill show a red marker w hen the school has received w orkforce bridging in the last 3 yearsand has a negative Salary Budget Position.