Reports available and samples will grow as more school complete
2024 (2023 school year) ratio analysis/benchmarking FSS reports are now available. Samples will grow as more schools participate over the months ahead.
Haven’t entered your data yet? Don’t worry it’s not too late you can participate at any time but early bird participation prices* end on 30 September, 2024.
Our mission is simple: equip schools with knowledge and confidence to make informed financial decisions, mitigate risk and reduce financial worries… with ease. So, joining the Financial Survey for Schools (FSS) not only empowers you with data-driven decisions but also contributes to innovation and continual improvement of the sector. Every participant adds to the comprehensive dataset benefiting all schools.
So why wait, participate now and be part of the largest and longest running school financial survey in Australia and New Zealand.
R&D improvements to school financial sustainability reports
Somerset Education has unparalleled experience in school business with almost 40 years in chartered accounting including almost 30 years dedicated to non-government school financial health. John’s Masters research identified attributes of financially sustainable schools and his current PhD is aimed at predicting and prevent financial stress in schools — benefiting participants no matter the size of the school.
🎬 This 5-minute video is worth watching to see how reports have benefited from research in the past 12 months. Also new this year is, our first Early Learning Centre (ELC) industry benchmarking report.
Access to FSS Reports
Please log into the Somerset Portal and 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.
Updated | 20-minute ‘crash course’ video to help you read and analyse FSS reports
Watch this recently updated 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.
Schools can participate at any time until April next year, but early bird prices* end on 30 September, 2024. (*Early bird price -– Survey completed and invoice requested prior to 30 September, 2024.)To encourage schools to use both trend and comparative analysis, Somerset Education offers the Financial Performance Report, Historical Report (school’s results 2018 to 2023) and SKI Report (school’s results 2022 to 2028) as a package. The Package price — including past participant loyalty discount — is AU$1,800 (plus GST) per school for all three reports; or half price — AU$900 (plus GST) — if less than 250 enrolments. This discount means 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 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.