The current academic session is progressing well and it is proving to be another productive and successful year for ESF, with the third year implementation of the strategic plan ‘A Vision for 2020’ and our 50th Anniversary celebrations now complete. I want to personally thank you for entrusting your child’s education to ESF and for your ongoing support and commitment.
Our vision is for every student to be the best that they can be and we are proud of our students’ exceptional performance, in both academic and in wider achievements. Our remarkable results rely on the successful partnership with you our parents and on the incredible effort and support from our staff, who work tirelessly to provide your child with the best that education has to offer.
However, we are not complacent and continue to strive to improve our practice to ensure ESF’s position as a world leader in learning and teaching and to provide your child with an excellent education.
It is time for us to set the budget for the next academic year. As you know, the Government subvention will continue for all students in Years 4 to 13 in 2018-19. A new fee structure applies to students who joined ESF Year 1 in August 2016 and August 2017, and to students joining ESF Year 1 in August 2018.
Financial sustainability is of critical importance to us. I want to assure you that our financial planning takes careful account of the need for financial prudence, as well as the impact that any fee increase has on our parents. The average fee increase of 4.8% is at the minimum level necessary to meet our rising costs whilst maintaining the quality of education. We continue to work to a ‘best value model’, which ensures efficient and effective use of our resources.
The proposed fees for 2018-19 are summarised as follows:
|Primary||Years 1 & 2|
(loss of subvention)
|Primary||Years 4 to 6||89,200||93,900||470|
|Secondary||Years 7 to 11||122,900||128,400||550|
|Secondary||Years 12 & 13||129,100||135,000||590|
The proposed 2018-19 fees are subject to final approval by the Education Bureau (EDB).
Once again, I want to thank you for your continued support and wish your child every success for the remainder of this academic year and into 2018-19.
Chief Executive Officer