School Property Funding in New Zealand
New Zealandâ€™s special funding system allows state schools a greater level of independence in managing their property compared to most other countries. Schools receive a fixed budget as an entitlement from the three â€œpotsâ€ of the educational property funding structure. The governmentâ€™s unique use of accrual accounting together with a new Five-Year Property Plan agreement gives schools a high degree of certainty of the property funding available, as well as responsibility for deciding how to modernise their own buildings.
|Date of creation:||01 Oct 2004|
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