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ESF finances to face scrutiny by officials
Miranda Shek
Friday, June 20, 2008
Education chiefs are to examine the financial plans of the besieged English Schools Foundation before they decide on the organization's application to increase tuition fees. The Education Bureau admitted yesterday that it was alarmed by the recent row between the ESF and parents who have accused the organization of channeling money into its private independent schools - Discovery College and Renaissance College. In a written reply to The Standard, the bureau said it "will not approve ESF's investment plans per se, but will look at its financing plans including investment in capital projects in the context of its overall budget when examining its fee proposal." [img]http://203.80.0.221/openx-2.4.6/www/delivery/lg.php?bannerid=88&campaignid=56&zoneid=4&loc=http%3A%2F%2Fwww.thestandard.com.hk%2Fnews_detail.asp%3Fpp_cat%3D11%26art_id%3D67495%26sid%3D19447192%26con_type%3D1&referer=http%3A%2F%2Fwww.thestandard.com.hk&cb=442f06cb5a[/img]
| Officials refused to elaborate but said the government provided ESF primary schools with HK$115 million in subsidies, or HK$20,500 per student in 2007/08. For secondary schools, the government's subsidies amounted to HK$176 million, or HK$28,480 for each student. In meetings held with ESF management on Wednesday and last night, parents repeatedly asked for an explanation as to why the school had poured HK$80 million of its reserves to fund the building of private independent schools. They said the investment plans did not benefit their children. ESF chief executive Heather Du Quesnay said the organization needed to "have a vision for the future, not just for the current day." But this failed to appease parents. The ESF wants fees to rise by 7 percent to HK$58,100 per year at primary schools and 5 percent to HK$89,250 at secondaries. Hong Kong Education Policy Concern Group chairman Mervyn Cheung Man-ping called for transparency and a clearer mechanism to deal with tuition fee increase applications in ESF and directly subsidized schools. "The ESF has enjoyed privileged treatment from the Education Bureau and it receives 30 percent of its funding from the government. The bureau should have stronger representation on the ESF's governing board," he said. Albert T Yeung, whose two children have been attending ESF schools for 10 years, urged the bureau to seriously monitor the ESF's governance. "The government has failed to monitor the ESF, and it has been greatly unfair to our children as subvention to ESF students has decreased despite skyrocketing inflation in recent years." |
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