Decision Reference: MD-ESC-2018-0007
Decision Summary Title:
Victoria College and Victoria College Preparatory - request by governing body to increase fees for the academic year 2018-2019
Date of Decision Summary:
Decision Summary Author:
Public or Exempt?
Type of Report:
Oral or Written?
Fee increases for fee- paying provided schools –
Victoria College and Victoria College Preparatory
Date of Written Report:
16 March 18
Written Report Author:
Written Report :
Public or Exempt?
Victoria College (“VC”) and Victoria College Preparatory (“VCP”) - Approval of fees for the academic year 2018-2019.
Following the preparation of a comprehensive 5 year strategic plan 2018-2022 by the Board of Governors, the Minister approved the fees for the 2018-19 academic year of VC (£1,916 per term) and VCP (£1,899 per term), an increase of 4% for both schools. He further agreed that, in accordance with Financial Direction 4.1 “Increases in States Fees and Charges”, the Minister for Treasury and Resources should be requested to endorse the fee increase for VC and VCP.
Reason(s) for Decision:
To meet the requirements of Article 13a of the Education (Jersey) Law 1999 and Finance Direction 4.1 “Increases in States Fees and Charges” Paragraph 5.2 states “The Anti-Inflation Strategy states that increases in States fees and charges should be limited to 2.5% per annum with compelling cases to be subject to the prior approval of the Minister for Treasury and Resources.”
The fee increase for VC is forecast to result in additional income of circa £50,000 for 2018 and £149,000 for 2019 (based on an indicative fee increase of 4.0% for the academic year 2019-2020). The fee increase for VCP is forecast to result in additional income of circa £19,000 for 2018 and £58,000 for 2019 (based on an indicative fee increase of 3.5% for the academic year 2019-2020).
In accordance with Financial Direction 4.1 “Increases in States Fees and Charges”, to request the approval of the Treasurer of the States, under delegated authority, for the fees in respect of Victoria College and Victoria College Preparatory to be increased by more than 2.5%. To advise the governing body that the Minister has approved the increase in fees.
Position: Deputy Anne Pryke
Deputy Minister for Education
Date of Decision: