The Covington Independent Schools Trust is preparing to take on a $1.2 billion deficit.
Its chief executive, Simon McPherson, said the shortfall will require more spending in the schools, which are expected to see enrolment drop from almost a million students to less than a quarter.
The school trust, which runs Covingtons two primary schools, will have to spend $1,000 on extra teaching, maintenance and operations staff, according to its 2017-18 operating budget, which covers the school year.
Mr McPhearson said that would require about $50 million a year in additional expenditure to make the schools more efficient.
It comes as Covingons schools face the challenge of balancing its books in light of a $15 million increase in funding for schools and an increase in school fees.
Mr Mowat said there had been a lot of focus on reducing the deficit.
“We’ve seen a lot more focus on the schools and reducing the budget, but we’ve also seen the schools operating very efficiently,” he said.
“So that’s what we’re going to do this year.
We’re going as a team.”
He said the trustees would be spending $1 million on a new curriculum, which would involve a significant rethinking of some of the teaching methods, including lessons on mindfulness, resilience and empathy.
Mr Covingson said there was a lot to be done, particularly in the area of teaching students to manage money and keep it safe.
“There is no one-size-fits-all, but there is a lot that can be done to keep the school budget within a reasonable level,” he told the ABC.
“And it is going to be a challenge but there are opportunities here, so I would encourage everybody to look at the opportunity and really do what’s best for the school and the schoolchildren.”
Topics:education,education-industry,education,state-parliament,government-and-politics,education—schools,parliament-house-3830,coventry-3880,maclean-city-4217,grafton-4215,southport-4210,warwick-4086,fraea-4220,covington-4350,south-croydon-4300,ballybofeyland-4108,wilsonville-4280,bondi-4360,hobart-7000,francona-4301,warrnambool-4740,barrhaven-4710,lidcombe-4820,somerset-4750,dowling-4860,flamborough-4700,worcester-4810,bromley-4730,southland-4814,crown-wealth-wa,southbank-4720,goulburn-4815,dublin-4827,croyden-4824,tasmania-5570,lionel-williams-willows-3,carrick-a-road-3302,cranbourne-6010,wollongong-5000,brisbane-4000,tongan-5010,warrington-5011,bathurst-6306,fremantle-6103,dandenong-6000,finchon-6230,wilton-6300,perth-6000″I think the challenge for schools is really the cost of running, and I think that is where we’ve got to make savings, because there is no doubt that this is going be a very difficult year,” he added.
“But I think we are going to make some progress in the coming years and hopefully we can build a sustainable future for our schools.”
The trust has been operating in the public sector for more than 100 years, but the trust board met on Monday to discuss its financial situation.
Mr Poulton said the school was struggling to meet its operating costs and the trustees were in discussions with its management company about the possibility of selling the school.
“I’m really confident that we are doing the right thing, we’re making investments, we are investing in the future of the school, and we’re doing the best we can,” he noted.
“It’s all a bit disappointing.”
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