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However, the minor capital works component is not paid to state-integrated schools. Use the Property Maintenance Grant to pay for as-needed and regular maintenance projects. Property Maintenance Grant for school maintenance work When we allocate property maintenance funding In October, we advise your school of its estimated property maintenance component. This indicative amount is shown on your initial entitlement notice.

Relief teacher funding We provide funding to boards to help with the payment of salaries and allowances for relief teachers. How we calculate relief teacher funding To calculate relief teacher funding, we multiply the relevant relief teacher funding rate by the number of teaching positions eligible for relief teacher funding. We use your school type and the entitlement staffing management component to determine your relief teacher funding rate.

We recalculate and adjust relief teacher funding rates after the settlement of teachers' collective agreements or following a change to base salary rates during the term of the agreements. The number of teaching positions eligible for relief teacher funding is the greater of your assured or guaranteed minimum formula or roll-based staffing plus any attached units plus any special education staffing Ongoing Resourcing Scheme, including related management staff.

No other staffing positions are included in the relief teacher funding calculation. Resource teachers, supernumerary teachers, and discretionary teachers are not included. Budgeting for relief teacher expenses While there is no set amount your school board should spend on relief teachers, we recommend you set aside an amount for relief teacher expenses in your annual budget. Remember to consider: your collective agreement obligations your previous relief teacher funding needs any known demands on your budget, such as higher duties allowances, professional development, special leave, ongoing illnesses, or staff absences due to hospitalisation or surgery.

Your board must manage any surpluses or deficits from under- or over-spending on the employment of relief teachers from year to year as part of the overall financial management of the school. We provide additional relief teacher funding when certain conditions are met. Additional relief teacher funding Support for Inclusion Funding Support for Inclusion Funding, which was previously called the Special Education Grant, helps you to support students with moderate special education needs, such as learning and behaviour difficulties.

The grant is in accordance with the National Administration Guidelines iii and iv. International fee-paying students and adult students are not eligible for this funding. STAR funding helps you to better meet the needs of senior students. The funding can be used to access a wide range of courses and career-related experiences.

We calculate STAR funding units quarterly according to our quarterly roll count policy. Teen parent units will be weighted at 1. If your school has less than 30 units, then we allocate your STAR funding at the rate per unit listed in the operational funding rates. If your school has more than 30 units, we allocate your first 30 units using the base rate and the remainder using the additional STAR funding unit rate.

Who can be an accredited provider for STAR courses? Accredited providers of STAR courses can be: polytechnics, private training establishments, or universities your own school workplaces that provide students with work-based learning experiences. If you use outside providers, make sure they have consent to assess against any relevant standards and have a current memorandum of understanding with your school. We advise you enter into a memorandum of understanding with each provider.

Who pays the costs of STAR courses? We provide the funding as a top-up to your staffing entitlement and per-pupil funding. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted and can be found here.

Mutual fund investing involves risk. Principal loss is possible. Small and medium-sized companies may have more limited liquidity and greater price volatility than larger companies. Investments in foreign securities may involve political, economic, and currency risks, greater volatility, and differences in accounting methods. A non-diversified fund, which may concentrate its assets in fewer individual holdings than a diversified fund, is more exposed to individual stock volatility than a diversified fund.

A fund that concentrates its investments within one country, one sector, or a small group of industries, such as Japan, Technology, Financials, or Energy, may be subject to a higher degree of market risk. Investments in debt securities typically decrease in value when interest rates rise. The risk is greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.

Mortgage- and asset-backed securities are subject to prepayment risk, which is the risk that the borrower will prepay some or all of the principal owed to the issuer. Funds that invest in pooled investment vehicles including ETFs may experience higher fees.

The formula-based strategy employed by some Funds may cause those Funds to buy or sell securities at times when it may not be advantageous.

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