Many thanks for your support of the Financial Survey for Schools (FSS) which uses objective data to take the guesswork out of financial stewardship by comparing performance with others plus highlighting changes in your school’s key financial and staff ratios. Responding to changes in a timely manner is crucial for financial health.Free Data upload service
Now is the time to enter 2024 school-year data so you can receive reports in time for this year’s strategy and budget meetings. You can key this directly into the FSS or we’re pleased to announce that Australian schools can now submit their 2025 Financial Questionnaire (FQ) data (based on the 2024 school-year) directly to Somerset Education to upload into the FSS, making it easier than ever to participate.Here’s how to submit your data:
- Sign in to Australian Government Department of Education SchoolsHub
- Download your “Data entered for Financial Questionnaire 2025” report in Excel format
- Email the Excel file to: dataupload@somerseteducation.net
Once your data is uploaded, we’ll provide you with further instructions on how to finalise your submission in the FSS.Important Reminder: Save your 2023 reports!
As we transition to the 2025 (2024 school-year) reports, please make sure you have downloaded and saved your 2023 school-year reports by 5pm, Wednesday 9 July 2025.Financial Health Check Reports available by Friday 25 July 2025
We temporarily close the reporting functions (Options 2 to 9) on the Somerset Portal from 9 July to test the 2025 (2024 school-year) reports which should be available by Friday 25 July. But you have access to enter data (Option 1) at all times.Continual improvement
Watch these videos on new reports — the Financial Sustainability Planner 4 minute video to help set a target operating surplus for long term sustainability of your school, and the optional SKI Report and Forecasting 8 minute video to re-forecast budgeted financials for strategic scenarios, re-calculate key ratios and re-assess risk — instantly.Q | Any questions?
For more information about the FSS or our budgeting and reporting tools, please do not hesitate to contact Cathy or Jessica at survey@somerseteducation.net or call 1300 781 968 (from outside Australia +61 7 3263 5300).
If I can help in any way with the financial governance of your school, please contact me at john@somerseteducation.net or mobile 0417 618 899.
We look forward to your ongoing support, or if new to the survey, we warmly welcome you joining in.
