Finance Report

Finance Report

Combining effective accountability with financial forecasting to ensure sustainability and growth.

 

Income

In 2019, Brisbane Catholic Education received an income of $1,210.2 million, of which $1,076.2 million was recurrent funding. The main source of this income was Australian and Queensland Government grants for the provision of educational services.
During 2019, income included:

$673.6

million

Australian Government grants

$202.2

million

State Government grants

$225.7

million

School fees and levies

$108.8

million

Other income*

* such as Parents and Friends contributions, loan drawdowns and interest.

 

Expenses

Brisbane Catholic Education’s total expenses for 2019 were $1,193.8 million, of which $1,052.2 million was recurrent funding.

During 2019 expenses included:

$736.3

million

School direct staffing costs

$214

million

Capital payments

$152

million

School resourcing and educational support services

$91.5

million

Other expenditure*

* such as administration, insurance, maintenance and utilities.

As a result, Brisbane Catholic Education achieved an operating surplus of $16.4 million in 2019.

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