10.00am – 11.30pm AEST
Session 1: Business Managers' Discussion Topics

Incorporating an Insurance Review for Interested Schools

Please refer to the Business Managers' Hub Group Topics Document, emailed separately.

12.30pm – 2.00pm AEST
Session 2: Financial Sustainability for Montessori Schools

Presented by John Somerset from Somerset Education

This presentation will help Montessori school governors and senior management to make informed financial risk decisions covering the following:

Attributes of a financially sustainable schools
Link between strategy, budgets and financial sustainability
How to analyse your school’s financial health
Setting sustainable capital expenditure and borrowings
Best practice budgeting and reporting
Setting finance policies and performance hurdles

About John Somerset

John has 35 years’ experience in chartered accounting with a passion for financial governance of schools. His goal is to provide peace of mind and insight for school governors, senior executives, and others interested in the financial viability and sustainability of their school and the sector and to therefore govern with confidence.

John's experience in school board governance and training includes financial
viability/sustainability assessment and improvement, capital expenditure and
borrowing analysis, budgeting, board reporting, and using key performance
indicators (KPI's) to inform decisions and manage financial risk.

For twenty-six years, he has operated a financial benchmarking survey for nongovernment schools in Australia and New Zealand. The survey includes almost 700 schools representing over 70% of the Independent schools’ market (based on student enrolments). 10 out of 10 participants recommend the survey to others.

3.00pm – 4.00pm AEST
Session 3: Reporting Changes – General Purpose Financial Reporting

Presented by Nick Bromell CA

About Nick Bromell

Nick began his career in Business Consulting and Taxation services before taking the opportunity to transition into Audit and Assurance in early 2014. He has extensive experience in the education industry, where he has developed a strong understanding of the accounting and reporting requirements of entities operating in this field.

Nick is a Bachelor of Commerce (Accounting and Corporate Finance) graduate from the University of Adelaide and a member of Chartered Accountants of Australia and New Zealand.