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Every governing council must have a finance advisory committee. They are central to how a council deals with the school or preschool's finance and budgets. When you are on a finance advisory committee you need to understand financial terms and be able to read some financial reports.
These sheets can help you understand the financial information provided to your finance advisory committee and council.
This sheet explains the purpose of a balance sheet and goes over items that might be on your school or preschool’s balance sheet.
This sheet explains the purpose of the profit and loss statement and goes over items that might be on your school or preschool’s profit and loss statement.
This sheet explains the governing council report (GCR). The GCR is specifically for governing councils and has financial performance information.
This sheet has an example of a report that compares budgeted revenue and expenditure against actual results.
School and Preschool Financial Services
Phone: 1800 100 191
Email: education.SiteFinancialResources [at] sa.gov.au