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House of Assembly - Fifty-Second Parliament, First Session (52-1)
2011-06-21 Daily Xml
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SCHOOLS, PINNACLE EDUCATION

In reply to Mr PISONI (Unley) (10 November 2010).

The Hon. J.W. WEATHERILL (Cheltenham—Minister for Education, Minister for Early Childhood Development, Minister for Science and Information Economy): The Department of Education and Children's Services (DECS) has received the first two invoices relating to the PPP payments for the first four schools in respect of which DECS took control over in October and December 2010 and January 2011. The first invoice covers the period 21 October 2010 to 14 November 2010 and the second invoice covers the period 15 November 2010 to 14 February 2011.

Each invoice is made up of two components. The first is the capital component of the project, that is, the cost of providing the buildings and fixtures, furniture and equipment. This includes interest costs and the repayment of the liability. The second element is the cost of providing the annual services based on the number of days the services have been provided and includes the CPI index factor. The services include building maintenance, utility management, waste, security, grounds maintenance, pest control, cleaning, catering, janitorial and general porterage, the maintenance of fixed play equipment and ICT infrastructure maintenance.

The first invoice represents a 25 day billing period and is based on the percentage that the first two sites represent of the total buildings as defined in the Project Agreement. The two components of the invoice can be determined by using the number of days in the quarter each site has been available and the CPI index factor for the quarter. The component of the invoice that includes building, equipment (capital component) and interest is $262,610.95 and the service component is $56,129.46. The total invoice is $318,740.41 plus GST.

The second invoice represents a 92 day billing period and is based on the percentage that the first four sites represent of the total buildings as defined in the Project Agreement. The two components can be determined by using the number of days in the quarter each site has been available and the CPI index factor for the quarter. The component of the invoice that includes building, equipment (capital component) and interest is $1,711,338.38 and the service component is $367,252.35. There was a small credit of $15,131.51 on this invoice as a result of a delay in transferring one of the sites to DECS. The total invoice is $2,063,459.22 plus GST.

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