Project Description

Project Title:

Development of Resource Allocation Model for the Funding of Victorian Government Schools

Country:

Australia

Sector:

Public Finance

In Country Location:

Victoria

Funding Agency:

Victorian Department of Education

Start Date:

August 2003

Completion Date:

December 2003

Associates:

University of Melbourne

Description of Project

 

This is a major study that seeks to develop a new model for formula funding that links financial inputs with qualitative and qualitative outputs. The project requires identification of factors contributing to effective schools; analysing the expenditure patterns of identified schools; deriving cost benchmarks against which schools can be measured; and developing a new model for resource allocation across all schools including necessary indices, weightings and unit prices.

 
© 2004 Tasman Asia Pacific