Victorian TAFEs in good financial shape: report
Victorian TAFE institutions are in a healthy financial position, with a combined total surplus of $98 million, according to annual reports tabled in the State Parliament.
State Minister for Higher Eduaction and Skills Peter Hall said the reports show that the state’s TAFEs had adapted well to funding changes.
"The annual reports show despite the transition, Victoria's 18 TAFEs have posted robust financial results, with a combined funded surplus of $98 million, and have held their student numbers in the face of strong training competition," Mr Hall said.
"These are sound financial results which will enable TAFEs to continue providing the incredibly important training programs to support the Victorian economy and meet the needs and aspirations of Victorians."
Mr Hall said the 2011 annual reports showed:
- Box Hill TAFE experienced a significant enrolment increase to 22,222 students, up 4,681 students from 2010;
- Gordon Institute of TAFE also experienced an enrolment jump to 16,000 students, up 3,025 students from 2010;
- Fees from international students attending Victorian TAFEs totaled $132 million, up from $125 million in 2010.
Mr Hall said of the 18 TAFEs two had recorded a small operating deficit.
"The Department of Education and Early Childhood Development is now working with those institutes to address the financial problems they are facing," he said.
Mr Hall said TAFEs played a critical role in Victoria's training system and they would continue to be supported by the Coalition Government.