Kinross Wolaroi School 2012 Annual Report

Recurrent and CapitalIncome 2011Capital Income8.8%State Grants 7.9%CommonwealthGrants 23.1%Fees and PrivateIncome 60.2%Recurrent and CapitalIncome 2012Capital Income7.8%State Grants 7.8%CommonwealthGrants 22.8%Fees and PrivateIncome 61.6%Fees and private income in the charts above include income relating to both day and boarding students. They alsoinclude capital income and capital expenditure, highlighting the comparison between 2011 and 2012.As was the case in 2011, the fee increase for tuition and boarding was kept to a minimum of 5% on the previousyear. State and Commonwealth Grants between 2011 and 2012 have remained constant as a percentage of totalschool income. Likewise, with Capital Income, there is only a 1% variation between the private income contributionfrom 2011 to 2012, whereby in 2012, that contribution stands at 7.8%. The capital contribution from privatesources has been maintained at this level for the past 2 years in order to fund the new Science building which will befully operational from March 2013.Salary allowances and related expenditure between 2011 and 2012 have remained constant at 66% of totalexpenditure. As mentioned in the Income section of this report, Capital Expenditure continues to run at between8% and 9% in order to complete the $6.5 million Science Building.HSS Annual Report 2012 Page 27 of 27