Fundraising Fundraising efforts Where no election is made, all fundraising revenue is taxable (G01) Activities approved by the School Council G03 Includes raffles and Includes fundraising activities an Input Taxed motion is G04 passed through school council NS6 Includes fundraising activities where an NPSE motion is passed through school council For GST code refer to School GST Fact Sheet - Fundraising at: on eduGate. 74102 Donations Donations from NS6 Individuals and businesses can make a donation to the school for the following purposes: business, groups or building fund or library fund with a DGR status individuals. (these funds are approved by the Australian Includes donations Taxation Office and are tax deductible) for a Building/ general donations to the school. (Not tax Library Fund with deductible). DGR status Not to be used for Voluntary Contributions refer to 74407 as per Not to be used for sponsorships see account code 74103 – Commission For GST code refer to School GST Fact Sheet - Donations or Sponsorships at: on eduGate. 74103 Commission Commission G01 Includes commission received from student banking, school book list, uniform suppliers, book sellers and school photo received sales etc. If the commission relates to an input taxed fundraising event or canteen, then the commission will follow the GST treatment of the fundraising or canteen (i.e. input taxed or out of scope) For GST code refer to School GST Fact Sheet – Sponsorship at: on eduGate. 74201 Hire of School Proceeds from the G01 Proceeds from the hire of school facilities and equipment for private purposes e.g. school gym to basketball club. Facilities/ hire of school Equipment facilities and This is not to be used for hire of curriculum related items. equipment Refer to 74405 for essential curriculum items or 74406 for items that are not essential standard curriculum items. For GST code refer to School GST Fact Sheet Hire of – Facilities-Equipment at: on eduGate. Canteen Licence Income received G01 Revenue from outsourced canteens. Refer to ‘Canteen Operations’ in the School Policy and Advisory Guide, from canteen licensee For School operated canteen, refer to 74402 Trading (outsourced Operations. canteen) General Ledger Revenue Locally Raised Funds cont – – Acc Account Title Account Description GST Business Rules/ Further Information Code Code
Fundraising Activities Fundraising efforts approved by the School Council Where no election is made, all fundraising revenue is taxable (G01) G03 Includes raffles and G04 Includes fundraising activities an Input Taxed motion is passed through school council NS6 Includes fundraising activities where an NPSE motion is passed through school council For GST code refer to School GST Fact Sheet - Fundraising at: on eduGate. 74102 Donations Donations from business, groups or individuals. Includes donations for a Building/ Library Fund with DGR status NS6 Individuals and businesses can make a donation to the school for the following purposes: building fund or library fund with a DGR status (these funds are approved by the Australian Taxation Office and are tax deductible) general donations to the school. (Not tax deductible). Not to be used for Voluntary Contributions refer to 74407 as per Not to be used for sponsorships – see account code 74103 Commission For GST code refer to School GST Fact Sheet - Donations or Sponsorships at: on eduGate. 74103 Commission Commission received G01 Includes commission received from student banking, school book list, uniform suppliers, book sellers and school photo sales etc. If the commission relates to an input taxed fundraising event or canteen, then the commission will follow the GST treatment of the fundraising or canteen (i.e. input taxed or out of scope) For GST code refer to School GST Fact Sheet – at: on eduGate. 74201 Hire of School Facilities/ Equipment Proceeds from the hire of school facilities and equipment G01 Proceeds from the hire of school facilities and equipment for private purposes e.g. school gym to basketball club. This is not to be used for hire of curriculum related items. Refer to 74405 for essential curriculum items or 74406 for items that are not essential standard curriculum items. For GST code refer to School GST Fact Sheet – Hire of Facilities-Equipment at: on eduGate. Canteen Licence Income received from canteen licensee (outsourced canteen) G01 Revenue from outsourced canteens. Refer to ‘Canteen Operations’ in the School Policy and Advisory Guide, For School operated canteen, refer to 74402 Trading Operations. General Ledger – Revenue – Locally Raised Funds cont Acc Code Account Title Account Description GST Code Business Rules/ Further Information Sponsorship
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