NAG 2.7 Trustees Remuneration and Expenses

 

Adopted 17th June 2019

Reviewed March 2022

The next review date is March 2025.

 

Policy Statement

The BOT has the right to set the amount the Chair and other BOT members are reimbursed for attendance at BOT meetings in recognition that these fees cover the expense of attending BOT meetings. The Principal, as a member of the BOT, is entitled to the same payment as all other Trustees except the Chair.

 

Procedural Guidelines

Currently at KingsGate School:

 

The Chair receives $75.00 per BOT meeting.

Elected BOT members receive $55.00 per BOT meeting.

There is no payment for working group/committee meetings

Attendance fees are non-taxable within the agreed non-taxable amounts of $605 annually for Trustees and $825 for the Chair.

Attendance costs for professional development sessions will be met by the BOT. Prior approval must first be sought.

All other reimbursements are at the discretion of the BOT and must be approved prior to any spending occurring.

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