2018 Consumption review journal for capital fund balances

Department of Education

08 November 2018

As part of the 2018 Consumption calculation review, a journal has been posted on behalf of schools for Capital funds...

Schools with a Capital Fund balance in 6510 Consolidated Fund-Capital and 6700 School and Community Sources -Capital as at 31 October will be effected.

The Capital Fund value will be offset to the corresponding fund being 6100 for 6510 and 6300 for 6700 to clear any balances reported against these Capital Funds. This journal has been posted on 31st October 2018 against GL 528660 Consumption Rule Transfer using Educational Delivery Cost Centre.

Schools are able to view this transaction in the Funds Consumed column in the Schools Overview Report as this "consumption review calculation" journal will not be visible in the Budget Adjustment column as with the previous funds consumption process.

If you require any further information in relation to this journal posting please contact School Finance via EDConnect on 1300 32 32 32.

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