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 was 1 November. Any requests received after this date will be declined.

• 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 repayment 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 for 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 will lose any remaining credit you have at the end of the balancing period and cannot carry it to the next banking staffing year.

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 average teacher salary rate multiplied by the overused full-time teacher equivalent (FTTE).

Banking staffing repayment rate

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

Year	Repayment rate
2008	$57,500
2009	$61,500