Appendix E. Absence of defined eligibility criterion
FIGURE E1: DET SRP references that lack clear eligibility criteria
Appendix D. DET’s data and information provision to VAGO to recalculate the 2018 SRP
FIGURE D1: Data and information on the 2018 SRP
Appendix C. Scope of this audit
| Who we audited | What we assessed | What the audit cost |
|---|---|---|
| DET | We examined whether DET:
|
The cost of this audit was $685 000. |
Appendix B. Acronyms and abbreviations
| Acronyms | |
|---|---|
| ABS | Australian Bureau of Statistics |
| DET | Department of Education and Training |
| EAL | English as an additional language |
| FSD | Financial Services Division |
| IBAC | Independent Broad-based Anti- |
Appendix A. Submissions and comments
We have consulted with DET, and we considered their views when reaching our audit conclusions. As required by the Audit Act 1994, we gave a draft copy of this report, or relevant extracts, to those agencies and asked for their submissions and comments.
Responsibility for the accuracy, fairness and balance of those comments rests solely with the agency head.
Responses were received as follows:
3. DET’s oversight and administration of the SRP
Conclusion
Transparency of DET’s allocation of funding through the SRP needs strengthening. DET lacks robust governance arrangements to oversee the SRP. DET has not delegated overall accountability for the SRP and its individual lines of funding, lacks documentation of some processes and allocation methods, and has no regular review the SRP against its objectives.
2. DET’s 2018 SRP allocations
Conclusion
DET cannot assure itself that the SRP is meeting its objectives, such as aligning SRP funds to individual student learning needs and ensuring that schools with the same mix of student learning needs receive the same level of funding.
In 2018, DET fairly, consistently and transparently applied the allocation method it set out in its SRP guide to 17 of its 52 lines of funding—through which DET allocated 93 per cent of the SRP, or approximately $6 billion.
1. Audit context
In Victoria, almost 64 per cent of students are educated in a government school. In 2018, the Victorian Government was responsible for 603 795 students across 1 531 schools. These schools rely on government funding to operate.
DET distributes state and federal funds to government schools through the SRP. It introduced the SRP in 2005 to improve student learning outcomes by better targeting available funds.
In 2018, DET distributed $6.46 billion through the SRP.
Appendix F. Glossary
Accountability
Responsibility of public sector entities to achieve their objectives in the reliability of financial reporting; effectiveness and efficiency of operations; compliance with applicable laws; and reporting to interested parties.
Amortisation
The systematic allocation of the depreciable amount of an intangible asset over its expected useful life.
Asset
An item or resource controlled by an entity that will be used to generate future economic benefits.
Appendix E. Financial sustainability risk indicators
Figure E1 shows indicators used in assessing the financial sustainability risks of TAFE institutes. These indicators should be considered collectively and are more useful when assessed over time as part of a trend analysis.
Figure E1
Financial sustainability risk indicators, formulas and descriptions
|
Indicator |
Formula |
Description |
|---|---|---|
|
Net result margin (%) |