2018 COMMUNITY REPORT

2 EXPENDITURE Total expenditure in 2018 was $43.223m, with the major expense to the College being employment costs of $31.292m, or 72.4% of total expenditure. Other major expenditure included education and general costs of $8.092m or 18.7% of total expenditure, depreciation expenses of $2.458m, being 5.7% of total expenditure, property and maintenance costs of $1.193m, which was 2.8% of total expenditure, and financing costs of $0.188m, being 0.4% of total expenditure. INCOME Tuition fees of $22.615m and government funding of $20.172m continue to be the major sources of income for Overnewton Anglican Community College in 2018, contributing 96.6% of the total revenue of $44.313m. Other income of $1.526m made up the remaining 3.4% of revenue. COLLEGE FINANCE 5 THE BOARD 1. Paul Clements 2. Lawrie Drysdale 3. John Durow (Chair) 4. Bishop Philip Huggins 5. Victor Peplow 6. Mark Ruff 7. Eleni Karantzas-Savva 8. Sam Sofianos 9. Fonda Zahopoulous FINANCE Paul Clements John Durow Shane Nelson Victor Peplow (Chair) Ian Ritter MariaTroumboukis DarrenVeerapa BrendanWhite CAPITAL PROJECTS David Brotchie Bruce Luu Andy Matiszak John Papworth Mark Ruff Fonda Zahopoulous (Chair) GOVERNANCE Phillipa Beck John Durow Mark Holloway Josephine Sergi Sam Sofianos (Chair) 1 3 4 5 6 7 8 9 51.0% Tuition Fees 45.5% Government Funding 3.5% Other Income 72.4% Employment Costs 4.4% Investment in Capital Works 20.0% Education & General Costs 0.4% Financing Costs 2.8% Property & Maintenance