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ORGANISATIONAL STEWARDSHIP

STRATEGIC PLANS - ORGANISATIONAL STEWARDSHIP

A FOCUS ON FINANCIAL

MANAGEMENT

At a school with an operating income of over $55 million formula. This is a significant budgeting challenge, but Hale
a year, prudent financial management is always front of has planned ahead and is in a good position to deal with
mind. With 250 staff, significant recurrent expenditure the loss.
and the goal of providing an outstanding educational Our budget will always prioritise student programs and
environment for all boys, the school takes very seriously resources, with an ongoing focus on cost reductions and
it’s task to use these funds appropriately.
consolidation of resources. Within the strategic framework
Funding from both the State and Federal government the School will also review and develop alternative sources
remains an important consideration. Appropriately our of income.
funding is far less than that of a government school, and Hale School always seeks to keep tuition fee increases to
so fee-paying parents make up the significant shortfall. a minimum in an effort to maintain ongoing affordability
School fees predominantly cover salaries (allowing us to for families. Since 2017, fee increases have decreased
attract high-quality staff), maintenance of our expansive annually through until 2021 when they were frozen entirely
grounds and facilities, and co-curricular programs and in anticipation of the effects of COVID-19 on families.
services.
Hale School offers flexible fee payment options and works
Tuition fees do not fund capital works and improvements with families to assist them during times of financial
(new buildings and facilities). These are instead part difficulty. We were very pleased to be able to support our
funded by the Hale School Foundation, through the families when many faced financial stress and uncertainty
student enrolment fee, donations, and careful investment in the face of the pandemic.
and management of its investment corpus.
Hale School has a very experienced team of executive
The amount of federal government funding that Hale staff, overseen by the Board of Governors, who have
School receives is decreasing year on year over the strategic oversight of the School and its future planning
coming decade, due to the change in school funding and direction.

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