【明報專訊】On November 27, the Education Bureau disclosed information on all the Direct Subsidy Scheme schools covered in the Director of Audit's Report. Only one of the 77 schools is free from financial malpractice (不法行為). Such malpractices include
•failing to provide audited accounts in applying for fee rises
•underestimating reserves in applying for fee rises
•overestimating deficits in applying for fee rises
•making incorrect financial forecasts in applying for fee rises
•miscalculating the depreciation of new buildings
•failing to set aside 10% of their tuition incomes for scholarships or other assistance schemes as the EDB requires
•failing to comply with the Education Ordinance requirement that parents and teachers be represented in school management committees
