School Policies
Financial Policy
FINANCIAL POLICY AIMS
- To provide Motheong with the appropriate financial structure and funds to achieve its overall objectives.
- To provide the best quality education at the lowest cost possible
SCHOOL FEES
School fees are determined annually by the Consumer and Education Price Indexes (CPI) given by the Independent Schools Association of South Africa (ISASA) and the specific needs of the school.
The fees are then given to the Board of Directors to accept and are then binding on all learners and parents enrolled at Motheong Primary School.
The Board of Directors reserves the right to change fees any time during a specific year if circumstances beyond their control require them to do so. (Example: subsidy cuts by government).
School fees are used to finance the operational and maintenance costs of the School.
Debt Management Policy
Scope and Purpose
The Debt Management Policy for the School is to help ensure that all debt is managed both prudently and in a cost, effective manner. The debt policy sets forth guidelines fornthe issuance and management of all financings of the School. Adherence to the policy is essential to ensure that the School maintains a sound debt position and protects the credit quality of its obligations while providing flexibility and preserving financial stability.
Procedure
- Statements are sent to the parents every month including the monthly tuition fee, camp fee (if applicable), afternoon activity fee per term, uniforms ordered, outings,
after care fee and any other fee which is payable by the 10th of each month. Parents are requested to pay their tuition fees in advance, by the 1st of each month. - On the 15th of each month an age analysis is drawn up and SMS’s are sent to parents informing them of their overdue account.
- Parents are requested to communicate with the bursar i r o their overdue account and the bursar will follow up if parents fail to contact the school.
- Notes are sent out monthly to defaulting parents (See Addendum A)
- Commitments made are followed up. The bursar will contact the account payer by means of a phone call, SMS or Emails if commitments not kept.
- At year end a list of outstanding fees is drawn up and defaulting parents are handed over to the Debt Collectors (At present Du Plessis and Kruyshaar)
- Learners of Parents owing school fees will not be admitted at the beginning of the following New Year
Resources
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