Condition MOR019 - Accounting for ACE funding

Tertiary education organisations (TEOs) receiving Adult and Community Education (ACE) funding must be able to account for that funding and identify ACE income and costs as a separate ledger item within the annual accounts for the TEO.

All payments for costs incurred in relation to or provision of Adult and Community Education (ACE) delivery must be paid from ACE income.

ACE income comprises the following:

• Funding from Vote: Education
• Fees from learners
• Income from enrolment and material charges
• Any other income related to the management of ACE delivery.