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, early learning services that received $2,000 (excl. GST) or more in Targeted Funding must report to the Ministry on their use of Targeted Funding and how the funding benefited tamariki | children from disadvantaged backgrounds.
The Ministry will send you a link via email to complete your reporting in December each year. Reporting must be submitted by February each year for the funding received for the previous calendar year.
Services must keep a record of how they have used Targeted Funding. Details on how Targeted Funding was used must be provided at the individual service level.
How early learning services or service providers choose to communicate this information to parents is at their discretion.
However, services must at least specify:
- the total amount of Targeted Funding received
- their key objectives for Targeted Funding
- how they have spent Targeted Funding
- how Targeted Funding benefited the children in their service.
