Banking staffing

Each year your school is allocated a staffing entitlement based on the school roll. Banking staffing is the tool you use to maximise the use of this entitlement.

The deadline for retrospective costing adjustments each year is 1 November. Any requests received after this date will be declined.

Comprehensive information on banking staffing can be found on the Ministry website in chapter 2 of the Funding , Staffing and Allowances Handbook.

Request a banking staffing adjustment

• How banking staffing works
• If you underuse at the end of the banking staffing year
• If you overuse at the end of the banking staffing year
• Banking staffing recovery rate

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How banking staffing works

Schools have flexibility to manage their staffing entitlement over the year.

If you don’t use all your staffing entitlement, your banking staffing will be in credit (underuse). You can use this credit during the year to employ more teachers from, or charge more teachers to teachers’ salaries.

If you use more than your staffing entitlement, your banking staffing will be in overdraft (overuse). You could go into overuse during the year when you need extra staffing before you have enough credit stored.

The banking staffing year runs from pay period 23 of one year to pay period 22 of the following year.

At the end of the banking staffing year there is a balancing period from pay period 23 to pay period 26 to help you manage any credit or overuse.

If you underuse at the end of the banking staffing year

You may be eligible for a cash reimbursement of up to 10% of your entitlement.  The reimbursement rate will not be known until after the banking staffing year ends, but will be lower than the recovery rate.

If you overuse at the end of the banking staffing year

We will deduct the overused amount remaining at the end of the balancing period from your July operational funding.

We calculate the repayment using the recovery rate multiplied by the overused full-time teacher equivalent (FTTE).

Banking staffing recovery rate

The recovery rate changes yearly and is based on the average teacher salary.

Year	Repayment rate
2011	$64,000 GST exclusive
2012	$65,000 GST exclusive

Note: GST (15%) will be added to this rate when recovery of banking staffing overuse is made.