School Property Funding in New Zealand
No 2004/12, PEB Exchange, Programme on Educational Building from OECD Publishing
New Zealand’s special funding system allows state schools a greater level of independence in managing their property compared to most other countries. Schools receive a fixed budget as an entitlement from the three “pots” of the educational property funding structure. The government’s unique use of accrual accounting together with a new Five-Year Property Plan agreement gives schools a high degree of certainty of the property funding available, as well as responsibility for deciding how to modernise their own buildings.
Keywords: financing; maintenance; management; New Zealand (search for similar items in EconPapers)
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