Education Standards Act 2001

  • This version includes a correction to section 69(2) made under section 25(j)(iii) and 25(j)(iv) of the Legislation Act 2012.

School planning and reporting

23 Annual reports

(1)

Section 87 of the principal Act is amended—

(a)

by omitting from subsection (1) the words “a report on its operations for the year”, and substituting the words “an annual report in accordance with this section”:

(b)

by adding to subsection (2)(b) the expression “; and”.

(2)

Section 87(2) of the principal Act is amended by adding the following paragraphs:

(c)

a report, presented in the manner required by the Minister by notice in the Gazette, on the total remuneration paid to school principals employed by the Board; and

(d)

the Board’s annual financial statements; and

(e)

a statement in which schools provide an analysis of any variance between the school’s performance and the relevant aims, objectives, directions, priorities, or targets set out in the school charter:

(3)

Section 87 of the principal Act is amended by adding the following subsections:

(3)

The annual financial statements must be prepared in accordance with generally accepted accounting practice, audited as required by section 41(3) of the Public Finance Act 1989, and include all of the following:

(a)

a statement of the financial position of the Board as at its balance date:

(b)

a statement of financial performance reflecting the revenue and expenses of the Board for the financial year:

(c)

if required by generally accepted accounting practice, a statement of cash flows reflecting cash flows of the Board for the financial year:

(d)

a statement of the commitments of the Board as at the balance date:

(e)

a statement of the contingent liabilities of the Board as at the balance date:

(f)

a statement of accounting policies:

(g)

such other statements as are necessary to fairly reflect the financial operations of the Board for the financial year and its financial position at the end of the financial year:

(h)

any other statements that the Secretary determines in consultation with the Auditor-General:

(i)

in relation to each statement required by paragraphs (a) to (c) and, if appropriate, by paragraph (g), budgeted figures for the financial year:

(j)

in relation to each statement required by paragraphs (a) to (c), paragraph (d), and paragraph (e) and, if appropriate, by paragraph (g), comparative actual figures for the previous financial year.

(4)

The annual financial statements must be accompanied by a statement of responsibility signed by the chair of the Board and principal, as required by section 42 of the Public Finance Act 1989.