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Department of Education and Training

Conversion of Staff Resource to Cash

Purpose

To assist schools with the ability to convert residual teacher FTE allocations to cash. Schools also have the option to purchase teacher FTE using this process enabling them to 'top-up' existing teacher allocations to create a workable FTE for use in a school.

Duration of Program

Ongoing.

Policy Reference

N/A.

Eligibility

All state schools.

Allocation of Funds

Funds are allocated on the following basis:

FTE to cash conversions are undertaken using the TRS Daily Rate and may include a site specific allowance where eligible.

Data Requirements

Conversion data is provided each semester by Regional Offices who are responsible for ensuring the conversion amounts are appropriate and accurate.

Data

Source

Time collected

Unused Teacher FTE

Regional FTE to TRS Cash Conversion Return

April and August

TRS Daily Rate

Finance Branch

April and August

Site Specific Allowance (SSA)

Finance Branch

April and August

Payment details

Type

Time

Proportion

Semester 1

April/May

100% (Unused semester allocation)

Semester 2

August

100% (Unused semester allocation)

How to Apply

Schools determine residual to be converted based on local requirements and submit request to their regional office according to timelines described above.

Contact

For further information please contact your Regional Human Resource Officer:

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This page was last reviewed on 04 Apr 2017 at 04:52PM

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