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This document explains decile funding, which accounts for approximately 13% of a school’s Ministry of Education (MOE) funding. It provides a breakdown of funding amounts per decile, highlighting how funding changes based on the school’s decile rating. For instance, Decile 1 schools receive $490,619.69 for every 500 students, whereas Decile 10 schools receive $27,044.69. It also details the school’s budget, including government support, parent donations, and income from international students, leading to a total budget of $4.2 million for 2014, excluding teacher salaries.
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Decile funding explanation Decile funding accounts for about 13% of a school’s MOE funding. For every 500 students, the funding is: Decile 1: $490,619.69 or $981 per student Decile 2: $350,354.69 Decile 3: $218,194.69 Decile 4: $134,169.69 or $268 per student Decile 8: $ 54,354.69 Decile 9: $ 43,339.69 Decile 10: $ 27,044.69 or $ 54 per student
Our budget Property Total 2014 Budget (excl. teacher salaries) $4.2m Extracurricular Other sources ICT Equipment Major projects Other Equipment $2.1m Extra Staff Salaries Capital Expenditure Government $2.1m Curriculum Administration
School income (excluding teachers salaries) Government pays 2.1m Parents’ donation 0.5m International students, facilities rental & other sources of income 1.6m TOTAL 4.2m
