CONTENTSTargeted funding includes:
- Equity funding
- Annual Top-Up for Isolated Services (ATIS)
- Targeted Funding for Disadvantage
For further information on these funding types, see Chapters 5, 10 and 13 of this Handbook.
Equity funding
Services must report directly to parents and the local community on how they spend their equity funding.
The reporting mechanism may be decided at the discretion of individual services (or the service provider). Each service must include the following information in their annual audited general purpose financial statements or special purpose financial report:
- an outline of the amount received under each component of equity funding
- a brief description of what the funding was spent on
- a brief outline of the reasons for spending the equity funding in that way.
Annual top up for isolated services
The value of the ATIS should be included in the service’s general purpose financial statements or special purpose financial reports as part of reporting on the ECE Funding Subsidy.
Targeted funding for disadvantage
Each year, services must report to the Ministry on their use of Targeted Funding and how the funding benefited tamariki | children from disadvantaged backgrounds.
A reporting template is available in Appendix 2.
This must be submitted in February each year for the funding received for the previous calendar year. Details on how Targeted Funding was used must be provided at the individual service level and specify:
- Total amount of Targeted Funding received.
- Key objectives for Targeted Funding.
- How Targeted Funding was spent.
- How Targeted Funding benefited the children within the service.
Note that the due date for the Targeted Funding report is different to the due date for general and special purpose financial reports.
