Children: Targeted Funding and Equity Funding

Set Up

When you have a child that is receiving Targeted Funding and/or Equity Funding, a Charge Adjustment can be embedded to their enrolment for the amount they are receiving in Funding. This ensures their account if reflective of their entitlements.

To utilise, this will require administrators to set up in their Discover system. To complete:

1. Navigate to Centre Setup (or Service Setup for Home base) 

2. Select Charge Adjustments

3. Select New Charge and complete as follows:

We recommend the following settings:

Adjustment Name: Targeted Funding

Adjustment Amount: $0.00 (The amount of 0.00 allows you to be able to enter the required amount that is to be funded in the enrolment.)

Adjustment Type: Weekly by Value

Holiday Credit Method: Holiday Credit

4. Select Create

5. This is now populated within Discover, ready to be applied to bookings.

Using Targeted and Equity Funding

When creating/editing an enrolment for a child that is receiving Targeted or Equity Funding click the "+" beside the Enrolment Fee total and then choose from the pop-up box the appropriate one.

Enter into the field (it will be 0.00) a negative figure for the amount to be covered by the Funding - e.g. in the below image this child is receiving -60.00 Targeted Funding.

Reporting on Targeted and Equity Funding

To get a report on the funding you can run the Finance Reports > Enrolment Income Analysis Report and select the period you would like to assess, then in the Fees Type select "Charge Adjustments" - you can have detail or just a Summary.

These figures will be gathered from invoices produced during the date period selected.