A spokesman for the Education Bureau said that in September 2021, a total of 71 schools in Hong Kong participated in the Direct Subsidy Scheme. According to the audited accounts submitted by each of them for the 2019/20 school year, the average accumulated reserve of DSS schools in Hong Kong is about 7 months of operating expenses. , And the accumulated operating reserves of all DSS schools are sufficient to meet the minimum requirement of two months of operation.
Education Bureau.
(Information Picture/Photographed by Li Zetong)
The Education Bureau must require DSS schools to have a good financial position, and the school’s accumulated operating reserves should be sufficient to cover at least two months of operating expenses.
According to the school's audited accounts for the 2019/20 school year submitted to the Education Bureau, the average accumulated reserve of DSS schools in Hong Kong is about 7 months of operating expenses.
The cumulative operating reserve of all DSS schools has reached the minimum requirement for two months of operation, and has not exceeded the upper limit.
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