Reports available and samples will grow as more school complete
2023 (2022 school year) reports are now available. Keep in mind samples will grow as more schools participate over the months ahead. But early bird participation prices end on 30 September, 2023.
The Financial Survey for Schools (FSS) helps school governors, Principals, and Business Managers unlock financial viability and sustainability by analysing trends in key ratios for your school and by comparing performance with others. This helps schools to govern with confidence and reduce financial worries.
R&D improvements to school financial sustainability reports
Somerset Education has unparalleled experience in school business with over 35 years in chartered accounting and the past 27 years dedicated to non-government school financial health. For the past 10 years, John Somerset has worked on formal Masters and PhD research to identify factors for school financial success and failure, to predict and prevent financial stress in schools.
🎬 This 5-minute video is worth watching to see how reports have benefited from research this year.
Access to FSS Reports
Please log into the Somerset Portaland then:
- Accept updated Terms and Conditions (if required)
- Select a sample of similar schools
- Generate your reports.
To assist you with accessing the Portal, here are the step-by-step instructions: Navigating the Somerset Education Portal.
20-minute ‘crash course’ video to help you read and analyse FSS reports
Watch this video to help analyse your school’s FSS reports. The great thing about this video is that you can ‘pause’ or ‘replay’ as you view your reports. Hope you find this useful. 🎬 Here’s the video link.
FSS | Participate now
Schools can participate at any time until April next year, but early bird prices* end on 30 September, 2023. (*Early bird price -– Survey completed and invoice requested prior to 30 September, 2023.)
To encourage schools to use both trend and comparative analysis, Somerset Education offers the Financial Performance Report, Historical Report (school’s results 2017 to 2022) and SKI Report (school’s results 2021 to 2027) as a package. ThePackage price is AU$1,580 (plus GST) per school for all three reports or if less than 200 enrolments AU$790 (plus GST). This is a discount of 27% off the sum of individual products – you almost receive three reports for the price of two.
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 email@example.com 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 firstname.lastname@example.org mobile 0417 618 899.
We look forward to your ongoing support, or if new to the survey, we warmly welcome you joining in.