Principal Induction Toolkit

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Finance

What will I learn?

This resource will assist school principals to establish procedures to manage their school finances.

Topics

The following information will provide key information, advice and assistance on a range of issues including:

  1. CASES21 Finance Policy and Guidelines
  2. Educational Maintenance Allowance
  3. High Yield Investment Account
  4. School Start Bonus  
  5. School Financial Policy and Procedures
  6. Statewide Business Manager Group
  7. Student Resource Package
  8. Tax: Dealing with FBT and GST in Education
  9. School Finance Liaison Officers
  10. School Sponsorship Fact Sheet (PDF - 144Kb)

Programs to support Financial Planning

Dollars and Sense: Financial Management Program for School Leaders  is a program for newly appointed Principal class members, aspiring principals and Business Managers. This program has been developed to provide a school financial management program focusing on best practice.

To log on see: Dollars and Sense: Financial Management Program for School Leaders 

Talking Finances: Financial Management for Business Managers and ES staff is a professional development program in financial management developed by the Schools Resource Allocation Branch. The program is presented by experienced practitioners as six half day modules covering: School Level Payroll, Taxation, Budgeting, CASES21 Reporting, Asset Management and Financial Policy and Best Practice.

To log on see: Talking Finances: Financial Management for Business Managers and ES staff

Tax Toolkit

It is highly recommended that new principals attend tax training sessions to understand the tax implications that schools need to comply with.  Alternatively a new principals could contact the DEECD Tax Compliance Unit to request a one-on-one school visit.

A power-point presentation has been prepared which provides a high level overview of 18 tax issues for new principals.

To log on see: Eighteen things a principal needs to know about tax (PPT - 635Kb)

Tax Compliance Unit Contacts

To log on see  DEECD Tax website 

Contacts

  • Rob Craven - craven.robert.g@edumail.vic.gov.au
  • A finance officer is based at each Regional Office and can be contacted for assistance Regional Office
  • A Schools Finance Liaison Officer is available to provide advice and support to schools on financial management
  • School Start Bonus: Phone the hotline on 1800 809 834 select option 6 or email: school.start.bonus@edumail.vic.gov.au
  • EMA processing assistance for Schools: DEECD Service Desk 1800 641 943 and select option 3 and then option 6
  • EMA policy assistance: 9637 3137 or email ema@edumail.vic.gov.au