New rules introduced this week for NSW public school principals will mean they must spend all of their record education funding on the students it is intended for.
\nMinister for Education Sarah Mitchell said the move is being supported by additional training and tools to simplify school budgeting so that every dollar allocated is being invested in the current cohort of students.
\n\u201cWe know there are some principals who need more support to effectively spend the funding they are receiving on the students it is intended for,\u201d Ms Mitchell said.
\n\u201cOur schools are required to plan and spend each year\u2019s budget allocation within that calendar year using new tools and a simplified budgeting system.
\nThe school funding model is student focused, schools receive amounts depending on their student cohort.
\n\u201cPublic schools in NSW are better funded than at any point in history. It is imperative that this money is actually spent on the current student cohort. Gonski funding is there to lift student outcomes – it\u2019s not there to be saved for a rainy day,\u201d Ms Mitchell said.
\n\u201cThe NSW Government\u2019s commitment to record funding in schools has always been student focused. Every dollar allocated must be spent on providing the support and services to the students it was intended for, within that year.\u201d
\nThe Carry Forward Policy was developed in consultation with school stakeholders over a 12-month period and is part of a renewed focus on school success to ensure the necessary supports are in place to drive student outcomes.
\nThe policy will apply to the annual State and Federal budget allocations but does not affect funds from local school and community sources.
\n\u201cWe have fought hard to achieve a needs based, sector blind funding model and we must ensure the necessary system-wide tools are in place to deliver this investment to support the current student cohort.\u201d
\nIn 2021, NSW public schools will receive $10.1 billion to invest in students. Currently $1.49 billion remains unspent from previous years. The changes introduced through this policy will no longer allow schools to rollover funding year to year.
\n\u201cPrincipals will no longer be able to rollover funds across years, and measures will be put in place to provide additional support to invest the funding in current students. This may take the form of guidance on teaching practice and learning programs, or extra staff and resources in areas of need,\u201d Ms Mitchell said.
\n\u201cIntroducing this policy also provides our schools with clarity to spend the balances that they have accumulated from past budgets. Schools will be supported to spend these balances evenly over the next four years in alignment with school Strategic Improvement Plans.
\n\u201cUnder the new School Success Model introduced this year, a range of individual targets have been set for schools to meet.
\n\u201cSchools that have \u2018underspends\u2019 who are not meeting targets will receive instruction on how to spend their unspent funding to lift their results.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
New rules introduced this week for NSW public school principals will mean they must spend all of their record education funding on the students it is intended for. Minister for Education Sarah Mitchell said the move is being supported by additional training and tools to simplify school budgeting so that every dollar allocated is being … Continue reading “SPEND IT – NEW BUDGETING RULES FOR SCHOOLS”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11168","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=11168"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/11168\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=11168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=11168"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=11168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}