Families
6000
Children
2010
Members
Chief Executive Officer
2008
15000
12000
6000
3000
Service Type: Services / *Licenced and other places
9000
2009
Chairman, Board of Directors
Sheridan Dudley
KU Service Summary
12000
2008
David Bryant
KU Family Profile
15000
9000
Most importantly, financial sustainability will enable us
to continue finding the balance between the cost of
providing high quality early childhood education and
care, and affordability.
A key issue for the Board and Management is KU’s
financial sustainability, which will mean we can continue
to grow, making the KU Difference for more children and
families, and that we can continue to support inclusion
and diversity, of both the children within our centres, and
the staff within our team. It also means we have enough
reserves to ensure KU can weather any tough times that
may occur in the future.
2010 has been a year of both change and consolidation
and none of this could have been achieved without the
efforts and passion of our wonderful staff in our centres,
in our support and inclusion programs, and in Central
Office. The KU Board and Management would like to
publicly acknowledge their contribution. KU’s long-term
stability and strength has seen our continued growth
and successful operation in 2010 and we look forward to
a rewarding year ahead.
13,853
KU has continued to expand during the year. Little Stars
at Bourke, our second centre for the National Australia
Bank, opened in Melbourne in January 2010 and in
July we opened the new Commonwealth-funded KU
Marcia Burgess Autism Specific Early Learning and Care
Centre in Liverpool. The Board took the opportunity to
add KU funds to this project to rebuild KU Liverpool
Preschool as part of the new integrated centre on this
site. As well, we commenced the construction of KU
Queanbeyan South Early Learning Centre, also funded
by the Commonwealth Government.
KU’s financial result for 2010 was total reported deficit of
$1,178,344 which includes an adjustment of $1,220,110
relating to the Workers Compensation Premium for the
2010 calendar year. This was a disappointing outcome
in a year during which we otherwise managed our
operations largely within budget parameters. Preschools
continued to perform strongly however the long day
care centres did not perform as well as expected. There
has been considerable centre analysis, business planning
and action on workers compensation to ensure a better
result in 2011.
12,053
were disappointed that the NSW Labor Government
discontinued this funding at the end of 2010.
2009
0
2010
Preschools (including mobiles):
93 / *2987
Children
Families
Members
KU Managed Services: 16 / *862
Community Based Long Day Care: 20 / *931
Out of School Hours: 2 / *125
Vacation Care: 2 / *180
Occasional Care: 3 / *95
Family Programs: 7 / *480
AMEP: 7 / *428
Staff (FTE)
Total: 150 / *6088
3000
0
Staff (FTE)
115th Annual Report 2010
5