12-3 Reporting requirements for targeted funding
Introduction
Each service’s annual audited general purpose financial statements or special purpose financial report must include information about ‘targeted funding’ the service has received.
Targeted funding includes:
- Equity funding
- Annual Top-Up for Isolated Services (ATIS)
- Support Grant for Provisionally Registered Teachers.
For further information on any of these funding types, see Chapter 5 and Chapter 10 of this Handbook.
Equity funding
Services must report directly to parents and the local community on how they spend their equity funding.
The reporting mechanism may be decided at the discretion of individual services (or the service provider). Each service must include the following information in their annual audited general purpose financial statements or special purpose financial report:
- An outline of the amount received under each component of equity funding.
- A brief description of what the funding was spent on.
- A brief outline of the reasons for spending the equity funding in that way.
Annual Top Up for Isolated Services (ATIS)
The value of the ATIS should be included in the service’s general prupose financial statements or special purpose financial reports as part of reporting on the ECE Funding Subsidy.
Support Grant and Financial Statements
At minimum each service that receives one or more Support Grants for Provisionally Registered Teachers must identify the following in their audited general purpose financial statements or special purpose financial report:
- the number of grants received in the financial year
- how (in general terms) the service has allocated the funding.