We are pleased to have contributed to the reform agenda
through representation on various Commonwealth and
State forums.
KU’s 2008 financial results were sound although the
economic downturn led to a lower than expected return
on investment in managed funds and a consequent
deficit to budget. The deficit, after including movements
in reserves, was $2,929,294 and turnover increased to
$69,946,660, up 9.6% on last year. Preschools performed
outstandingly overall but long day care centres struggled
in a difficult environment.
The year finished on a very positive note with KU winning
two major tenders.
KU Service Summary
Services / *Licensed and other places
Preschools (including mobiles): 95 / *3072
KU Managed Services: 15 / *775
Community Based Long Day Care: 18 / *865
Out of School Hours: 3 / *78
Vacation Care: 2 / *170
Occasional Care: 3 / *110
Family Programs: 7 / *415
AMEP: 7 / *428
As the National Inclusion Support Subsidy Provider,
KU will manage this Commonwealth Government
Program which provides $54m in Australian Government
funding to assist child care services to include children
with ongoing high support needs. This has materially
increased the size of KU, raising our turnover to $144m
in 2009 and making us a truly national organisation
through the ISS Program presence in every accredited
child care service in Australia.
14,000
12,000
10,000
KU’s long term stability and strength, together with
sound governance and good management, has seen
its continued growth and successful operation during a
challenging year for the early childhood education and
care sector and we look forward to a rewarding year
ahead.
KU Family Profile
KU is also extremely proud to have been selected by
the Commonwealth Government as the provider of one
of the 6 Autism Specific Early Learning and Child Care
Centres and the only such centre in NSW. KU will build
this new centre at Liverpool over the next year and it is
expected to open in 2010.
8,000
Chairman, Board of Directors
Sheridan Dudley
Penny Le Couteur
Chief Executive Officer
2006
Children
6,000
2,000
2008
2007
Families
4,000
Members
Permanent Staff
113th Annual Report 2008
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