Kindygate scandal – at least $60 million in bank accounts, and rort continues

My revelation that Kindergartens are awash with millions of dollars of taxpayer cash – while screaming with their union mates at the Government for more of my money – is on the front page of the Herald.

Parents are already asking questions.

No credit given to me, but that is par for the course – and even more annoying is the fact the story fails to mention that Auckland Kindergarten Association has ten million cash in the bank.

These figures are all in plain view – and I would encourage other repeaters around the country to have a good look and ask a few awkward questions about the so-called “charities” in their area, which are taking part in political campaigns.

So in the public interest I’ve had another look at the Charities register – and picked out a few more juicy stats.

By my reckoning, there is at least $60 million in kindy association bank accounts – so why are they asking parents for more money? Why do they want taxpayers to flush an extra half a billion down their toilets? And if they are really charities – why are they doing the dirty work of the NZEI and using children in anti-government protests?

By the way, most of the returns are for 2011, so don’t give me any bullshit that all the money has disappeared after the government changed the funding rules. From the looks of these well padded accounts not a minute too soon either.

Northland Kindergarten Association

Current Assets

Cash and bank balances $4,489,347

Rimutaka Kindergarten Association

Current Assets
Cash and bank balances $2,930,988

All other short term assets $54,031

All Current Assets $2,985,019

Lower Hutt Kindergarten Association

Current Assets
Cash and bank balances $2,267,075

All other short term assets $38,026

All Current Assets $2,305,101

Marlborough Kindergarten Association

Current Assets
Cash and bank balances $1,582,575

All other short term assets $12,125

All Current Assets $1,594,700

Nelson District Free Kindergarten Association

Current Assets
Cash and bank balances $1,401,639

All other short term assets $505,511

All Current Assets $1,907,150

Tauranga Region Kindergartens

Current Assets
Cash and bank balances $1,746,853

All other short term assets $737

All Current Assets $1,747,590

Waikato Kindergarten Association

Current Assets
Cash and bank balances $5,255,994

All other short term assets $20,1419

All Current Assets $5,457,413

Canterbury Westland Kindergarten Association

Current Assets
Cash and bank balances $1,633,809

All other short term assets $10,124,798

All Current Assets $11,758,607

South Canterbury Free Kindergarten Association

Current Assets
Cash and bank balances $114,691

All other short term assets $1,203,780

All Current Assets $1,318,471

Gisborne Kindergarten Association

Current Assets
Cash and bank balances $1,224,000

All other short term assets $42,000

All Current Assets $1,266,000

Central Otago Kindergartens

Current Assets
Cash and bank balances $1,437,859

All Current Assets $1,437,859

Dunedin Kindergarten Association

Current Assets
Cash and bank balances $6,080,269

All Current Assets $6,080,269

Southland Kindergarten Association

Current Assets
Cash and bank balances $3,118,684

All other short term assets $93,894

All Current Assets $3,212,578

Wanganui Kindergarten Association

Current Assets
Cash and bank balances $1,198,705

All other short term assets $81,596

All Current Assets $1,280,301

 

 


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  • symgardiner

    Just be careful reading these figures. ECEs get funding paid in big lumps during the year. If the accounts are taken just after a lump has been paid it may over-represent their position. What needs to be looked at is the low point of their assets during the year.
    The Kindy I’m involved in looks positively rolling in it after one of these lumps. But just before the next lump, you would start to worry whether we could continue on. We could probably deal with this through accruals. But for a small enterprise its not worth it. I suspect the Associations are not accruing either.
    Another factor to bear in mind is that many established ECEs (Kindergartens and Playcentres) are on land owned by the government and leased to them on very poor terms (something like 180 days notice but low rent). If I was running such a business, I would want to hold some reserves to allow myself to deal with a situation where I was evicted.
    All that said… its time teachers get out of thinking they can dictate education sector policy through employment conditions. In any other business, if an employee told the management the business must run as the employee demanded, they would be shown the door.

    • These are the associations, not individual kindy’s and they are annual accounts.

      • symgardiner

        As I understand it, the Associations run all the finances of the individual Kindies that are part of the Associations. There are Kindergartens that are not owned by the Associations.
        The Associations are big enough to be doing accruals for end of year accounts but you should be sure of this. They will have to state their accrual in their account notes. It is possible that they do not because some of the practices in the education sector are archaic and are justified by the often used phrase… “we have always done it that way” rather than whether it is a reasonable or legal approach.
        I guess also… the balance sheet is not really the right place to critique the current operations of an organization. The balance sheet shows the result of the past operations.

  • kevin

    I wonder if there is one entity looking after all the ‘investment of surplus monies’ ?

  • 666nzpr

    That was bloody rude of the repeater, to not even attribute the story it submitted to its editor, to Cameron who did the homework , posted the story on his blog, and and then the repeater repeated the story on the pages of NZ’s largest daily paper.Sound like some repeater needs a little boot up the bum.*spit

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