AGSRC

AcronymDefinition
AGSRCAverage Government School Recurrent Costs (Australia)
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In 2003-04, these amounts were $9015 per student in primary schools and $11 552 per student in secondary schools which became, in 2005, the AGSRC amounts of $6787 and $8994 respectively.
Separately, there is a socio-economic status (SES) funding model that applies a proportion of AGSRC to non-government schools for each student they enrol, depending on the school's SES status.The amount depends entirely on the school's SES score, which is based on the combined average SES of the communities in which each student's home is situated.
Once allocated a SES score, the per student amount that non-government schools receive ranges from a low of 13.7 per cent of AGSRC for schools with a SES of 130 or higher (high SES schools), to 70.0 per cent of AGSRC for schools with a SES of 85 or lower (low SES schools).
The AGSRC stands for 'average government school recurrent costs'.
Consequently, as average government school costs increase, it results, through the AGSRC nexus, in a rise in Commonwealth funding to non-government schools that are not necessarily facing the same cost pressures.
To government schools The Commonwealth funds government schools according to a flat rate of AGSRC: 8.9 per cent for government primary schools and 10.0 per cent for government secondary schools.
The final point to note about the AGSRC is that it is generous as an indexation method to both sectors.
The AGSRC index differs from most price indices in that it does not measure a constant basket of goods or services, but changes in the total recurrent expenditure on government school systems.
By using the AGSRC to adjust its grants to schools, the Federal Government has increased its schools funding by an average of 6.3 per cent per year at a time when average weekly earnings have increased by an average of only 3.3 per cent per year.
(10) The ACT Catholic system was given a ranking of 100, which entities it to 51.2 per cent of AGSRC.