School funding FAQs
Student Resource Package
Q: How is a school’s budget calculated?
A: The main source of funding for our Government schools is distributed through the Student Resource Package (SRP). Most of the money included in the package is Core Student Funding, which is worked out based on enrolment numbers, stages of learning and the school’s location.
The SRP also includes Equity Funding, which provides additional money for schools with students who face extra barriers to education. This helps ensure that we are providing appropriate funding to support students and schools that need it most.
Q: What does Indicative funding mean?
A: Schools receive their indicative funding allocation in September, which is an estimate of how much funding each school will receive in 2018. This amount can change between now and the next school year, based on changes to enrolments.
Q: Why do school budgets change?
A: School budgets vary each year for a range of reasons, but primarily because school funding is calculated based on enrolment numbers, which means that as school enrolments change, so does the school’s funding.
Q: Why do some schools have different equity funding allocations to 2017?
A: Equity funding is calculated each year based on student demographic data. As student demographics change each year, schools will receive different amounts of equity funding. The total amount of equity funding going to Victorian government schools remains the same.
Q: What’s the minimum amount a school can receive?
A: A minimum equity provision of $5,000 will be provided in 2018 to ensure all schools continue to benefit from the equity reforms.
Q: What happens if a school loses equity funding in 2018?
A: Fluctuations in school funding due to enrolment and demographic change are part of the normal school budget process. Schools have planning strategies in place to manage budgets.