As part of its commitment to good governance, and to
ensure the Board continues to operate effectively and
efficiently as KU continues to expand and take on new
challenges, the KU Board undertook a major consultation
process with KU’s Members regarding possible changes
to KU’s Constitution. This followed on from the
recommendations of the Governance Review, undertaken
in 2008. Board members held 14 regional meetings with
parents and staff and also consulted with the KU Council
and Life Members. The feedback from the process was
very positive and at an Extraordinary General Meeting
on 25 November 2009 the membership overwhelmingly
voted for amendments to KU’s Constitution which have
changed the structure of the Board.
KU Service Summary
Services / *Licensed and other places
Preschools (including mobiles): 95 / *3031
KU Managed Services: 15 / *785
Community Based Long Day Care: 20 / *946
Out of School Hours: 2 / *125
Vacation Care: 2 / *170
Occasional Care: 2/ *49
Family Programs: 7 / *440
AMEP: 7 / *428
Effective from the 2010 Annual General Meeting, the KU
Board will be reduced from 12 to 9 members, of which
six will be “Elected Director” positions and the remaining
three will be “Appointed Director” positions. Following an
agreed transition plan, all positions will have a standard
three year term and no Director may serve more than 9
consecutive years (3 terms).
KU’s financial results for 2009 were pleasing, recording
essentially a break-even operating result for the year,
with a deficit of $48,086, on a revenue of $79,002,432
(up 13% on last year). Total equity also increased by
$1,001,365 (up 10.7%) and KU is now a large, truly
national organisation with a projected total cash flow
of more than $160 million in the 2010 year (2009:
$127,053,134).
KU Family Profile
15000
Finally, KU would like to acknowledge the work of Penny
Le Couteur, who became a Board member in 2001 and
served as Chairman of KU from June 2004 until her
retirement in May 2009. Penny chaired KU through a
time of change and new directions and her contribution
is very much appreciated.
12000
9000
6000
3000
David Bryant
Chairman, Board of Directors
Sheridan Dudley
Chief Executive Officer
2007
Children
2008
Families
0
2009
Members
Permanent Staff
114th Annual Report 2009
5