Page 6 - 2018 CA Workshop Booklet

Workshop Booklet

FINANCE WORKSHOP

FINANCE TEAM

• Safwan Arshad – Global Chief Finance Officer

• Marc Hassan – AU Chief Finance Officer
• Ron Shemilt – AU Finance Team Leader

• Sona Singh – AU Management Accountant

• Isabell Rucklinger – AU Finance Assistant
• Breanna Light – AU Finance Team EA

FINANCE DISCUSSION NOTES

• Some CAs have advised they didn’t have visibility of their funds. Campuses should have visibility to
see their funds.

• A key focus going forward will be monthly reporting of Budget v Actual.
• Is there a consideration of budget per subject? Yes, through budgeting on Xero.

• Forecasted future student figures could mean there will be 90% less income. This sets a scene of the
challenges ahead.

• The standard chart of accounts will be distributed by the end of the first quarter.
• Are the costs allocated direct to campuses or state? (For example, a student who is being taught by
teachers via VC and the teacher is not physically on campus): Costs will be divided back to cost per
student at a state level.

• The CAs need visibility and they need to own the budget.

FINANCE QUESTIONS AND ANSWERS

Q: It is possible to have more transparent and accurate OneSchool budgeting for campus expenses?

A: 2018 has seen significant changes in the way funding is generated and where it is channelled. It is not final-
ised yet. We are still working through with direction from GAP.

Q: Funding a new campus – whose responsibility is this?

A: Responsibility for funding of a new campus rests within the campus catchment area and should be
worked out in conjunction with the Global Funding Team.

Q: Do budgets take into account campus size, geographical influences and scales of economy generally?

A: Yes, budgets do take this into account, although some items are fixed.

CA Bootcamp 2018