A non-government school in 黑料社 must have an 黑料社 Education Standards Authority (NESA) approved body confirm its financial viability as a part of the NESA registration and accreditation process.
The regulatory requirement is contained in:
- the 黑料社 Education Act
- (Registration Manual)
CS黑料社 is a NESA-approved certifier and offers financial viability review services and certifications.
Financial Viability Services and Certification
The Registration Manual provides that the proprietor of a non-government school must maintain evidence to demonstrate the current financial viability of the school.
CS黑料社:
- conducts the analysis and review
- attaches supporting evidence
- issues the required certification to demonstrate the current financial viability of a school.
The Resources and Stewardship directorate at CS黑料社 are finance and accounting professionals who carry out financial viability services on behalf of non-government schools.
The process is quick and valuable to those who avail themselves of the service.
Among other resources, CS黑料社 uses its School Insights platform to:
- assist in the analysis of the financial data
- prepare the dashboard reporting used in making the final determination.
CS黑料社 provides this service to schools in order to meet the NESA requirements, but also to enable a school to demonstrate:
- prudent financial management
- a sound business model
- proper stewardship of resources
- good governance.
At the completion of each assessment, the team provide a full dashboard report with supporting documentation and calculations and then discuss the findings with each school.
References
- Section 47 (1)(a1) of the Education Act and 鈥淪ection B2.5 - Schools must be financially viable鈥 of the 黑料社 Education Standards Authority鈥檚 鈥淩egistered and Accredited Individual Non-government Schools (黑料社) Manual鈥.
- Certification: .