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Education

DoE Annual Report 2012-2013 - Department of Education

DoE Annual Report 2012-2013 - Department of Education

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Note 18: Transactions and balances relating to a trustee<br />

or agency arrangement<br />

Account name<br />

Opening<br />

balance<br />

1 July 2012<br />

$'000<br />

Net<br />

transactions<br />

during 2012–13<br />

$'000<br />

Closing<br />

balance<br />

30 June 2013<br />

$'000<br />

Critchley Parker Junior Student Loan Fund 19 1 20<br />

Sir John Morris Memorial Fund 1,088 35 1,123<br />

TM Crisp Memorial Sporting Library 17 1 18<br />

Kula Bequest 100 3 103<br />

The department acts under a trustee arrangement in the administration of certain library and student funds.<br />

These funds are neither administered nor controlled. Accordingly they are not recognised in the financial statements.<br />

However, disclosure is made in aggregate the amount collected and distributed to external parties during the reporting<br />

period and any amount undistributed at 30 June 2013.<br />

Statement of Certification<br />

144 Financial Statements » Notes and Statement of Certification

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