Finance Committee Report
Mr Andrew Macintosh Chair of Finance Committee
Finance Committee Members:
In the absence of any external or government financial support,
Mr Andrew Macintosh
there is an ever-present need for the Committee to balance
Mr Tom Corkhill
considerations of affordability with the cost of providing a
Dr Dan Hooley
high-quality education.
Professor Richard Petty The Committee benchmarks AISHK against other international The Finance Committee oversees financial planning and
schools in Hong Kong, in terms of a range of financial indicators.
management for the School and offers advice to the School
Working with the School Executive, the Board and other
Foundation Board on financial matters. It also makes
stakeholders continue to identify ways in which the School
recommendations to the Board regarding tuition fees,
might operate more effectively and efficiently.
debentures and capital levy rates, staff salary levels, capital expenditure, operating expenditure (including professional
In addition to the dedication of staff, a collaborative effort is
development) and other sources of funding.
made by stakeholders to build and maintain a vibrant school community. The School also benefits financially and otherwise
The Committee oversees the development and management
from volunteers including parents and friends of the School,
of operating budgets and a range of other matters. The
members of the Parent Association, Committee members,
Committee also meets and liaises with external auditors to
and members of the Board – all of whom support the school
ensure that the School complies with Hong Kong reporting
willingly, happily and without receiving or expecting any
requirements.
personal, financial reward.
The Committee works with stakeholders to ensure that
As a result of this untiring work, on behalf of the Board, I am
sufficient investment is made to create a dynamic teaching and
pleased to report the Foundation’s finances remain in a strong
learning environment, and is dedicated to attracting, retaining
position, and the School is well-positioned to continue with the
and rewarding the best talent from Australia and around the
financial resources to deliver a quality Australian education in
globe.
Hong Kong.
The Committee continues to facilitate the growth and
As Chair of the Finance Committee and on behalf of the Board,
development of the School, while recognising financial
I thank all who have helped the Committee, and the School, in
constraints and a challenging financial environment.
2019.
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