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Batchelor Institute Records Improved Financial Position
Home Batchelor Institute Records Improved Financial Position
22 September 2021
2 minute read
Certificate IV in Aboriginal and Torres Strait Islander Primary Health Care Practice (HLT40213) students, and health lecturer Nathan Cubillo

Batchelor Institute has recorded a significant improvement to its financial position, with a net operating deficit of $214,000 published today in the 2020 Annual Report, compared to a net operating deficit of $2.7 million reported in 2019.

Ghungalu and Yiman man and Batchelor Institute CEO, Mick Gooda, said the significant improvement in Batchelor Institute’s financial performance amidst the challenges of the COVID-19 pandemic were due to strong fiscal measures and strategic and sustainable decision making.

Mr Gooda said, “Batchelor Institute’s strong financial position is an excellent outcome, considering the overall revenue in 2020 was $3 million less than in 2019, mostly due to a reduction in Commonwealth Government funding as a result of the suspension of teaching from March 2020 to June 2020, as a precaution to reduce the risk of transmission of COVID-19.”

“Batchelor Institute’s students mostly live in rural and remote areas, so suspension of face-to-face teaching to keep our families and communities safe, had a financial impact, yet we still delivered an improvement,” said Mr Gooda.

“COVID-19 has created unprecedented challenges for Batchelor Institute, so to record an improvement in our financial position is an outstanding effort by our staff.”

Batchelor Institute will continue to adapt and respond to the continuing uncertainties and risks of the COVID-19 pandemic, while remaining focused on a stronger financial position and future growth.

View the 2020 Annual Report