new education facilities company limited annual report …efcl.co.tt/docs/2015annual-report.pdf ·...
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MARABELLA SOUTH SECONDARY SCHOOL
EDUCATION FACILITIES COMPANY LIMITED
ANNUAL REPORT 2015
If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are
planning for a lifetime, educate people.” Chinese Proverb
MISSION:
To deliver and maintain modern building facilities utilizing best practices in Project
Management.
VISION:
To be the Project Management Company of choice.
MANDATES:
EFCL plays a key supporting role in the achievement of the Ministry of Education’s strategic
goals and objectives:
The mandates are:
Project Management Services for the National School Construction Programme
Project Management Services for the National School Repair and Maintenance
Programme
Coordination of the Furnishing and Outfitting Programme
The supply and delivery of Textbooks under the Annual Textbook Rental Programme
Registered Office
Education Facilities Company Limited, Second Floor Long Circular Place, 74 Long Circular Road, Maraval, Port of Spain
Bankers
Republic Bank Limited, 72 Independence
Square, Port of Spain
Auditors
PKF, Chartered Accountants and Business Advisors, 245 Belmont Circular Road, Belmont
Attorneys-At-Law
RC Chadeesingh & Co., 29 Ramsaran Street, Chaguanas
PBX Numbers
(868) 628-2836 (868) 628-5155 (868) 622-6144 (868) 622-2083
FAX Numbers
(868) 628-7418 (868) 622-1887
Corporate Website: www.efcl.co.tt Corporate Email [email protected]
CORPORATE
DATA
GUIDING RINCIPLES
CONTENTS
GUIDING PRINCIPLES……………………………………………………………………………PAGE 1
CORPORATE PROFILE…………………………………………………………………………...PAGE 2
ACHIEVEMENTS 2015...………………………………………………………………………….PAGE 4
10TH ANNIVERSARY CELEBRATIONS…………………………………………………………PAGE 9
STATEMENT OF MANAGEMENT RESPONSIBILITIES.………………………….………….PAGE 10
STATEMENT OF FINANCIAL POSITION………………………………………………………PAGE 12
STATEMENT OF COMPREHENSIVE INCOME………………………………………………..PAGE 13
STATEMENT OF CHANGES IN EQUITY………………………………………………………PAGE 14
STATEMENT OF CASH FLOW………………………………………………………………….PAGE 15
FINANCIAL STATEMENTS……………………………………………………………………..PAGE 16
GUIDING PRINCIPLES
Everything that EFCL does is grounded in Guiding Principles or Standards of behavior that serve as the foundation of our corporate conduct and business operations. These Guiding Principles define EFCL as an organization. They define our character and they are engraved in our corporate culture.
Our nine guiding principles are enduring qualities that have been at the very core of our operations since inception in 2005. They are the collective convictions of our human resource capital who represent the fundamental strength of EFCL. Our nine guiding principles are:
Communication
We will strive to ensure open and clear communication in all our dealings
Competence and Professionalism
We will foster continuous learning to allow us to add value to our operations.
Customer Focus
We recognize that anticipating and exceeding our stakeholders’ requirements must always guide our
decision making.
Innovation
We will foster an environment which encourages and rewards innovation and creativity.
Integrity
We will strive to ensure congruence in our words and actions committing always to the highest ethical
standards in our personal and professional dealings.
Quality
We will ensure quality in all our endeavors.
Teamwork and Empowerment
We will encourage development and mutual respect as we work, learn and strive for excellence
together.
Transparency
We will be honest, open, clear and timely in communicating and conducting our business affairs.
Value for Money
We will ensure efficiency, economy and effectiveness in all our operations.
PAGE | 1
(868) 622-
6144
68) 622-208
The Government of the Republic of Trinidad and Tobago (GORTT) established the Education
Facilities Company Limited (EFCL) as a Special Purpose State Enterprise (SPSE) on March 11,
2005; operations officially began on August 02, 2005.
EFCL is a Project Management Organisation that delivers, repairs and maintains educational
institutions from the Early Childhood Care and Education (ECCE) level to the Primary and
Secondary levels. As an Orgnisation EFCL uses modern, innovative technology in its operations
and aims to deliver all of its projects on time and within cost and specification.
EFCL's mandates are derived from its supporting role in the achievement of the Ministry of
Education’s strategic goals and objectives. EFCL’s mandates are:
1. To project manage the national School Construction Programme. This mandate has been
assigned to EFCL since its formation in 2005.
2. To project manage and execute the annual School Repairs and Maintenance Programme;
assigned March 31 2008
3. To project manage and execute the Furnishing and Equipment Programme; assigned
January 1 2009
4. To project manage the Annual Textbook Rental Programme; assigned February 9 2010
Caroni SDMS ECCE Centre
The educational institutions constructed
under the Project Management of EFCL
are state-of-the-art and equipped with the
world's finest age-appropriate, modern,
ergonomic furniture and equipment.
Schools constructed under EFCL can be
described as truly enabling learning
environments.
CORPORATE PROFILE
EDUCATION FACILITIES COMPANY LIMITED
PAGE | 2
EFCL AND ITS IMPACT ON TRINIDAD AND TOBAGO
EFCL continues to contribute and shape the national landscape. As an Organisation EFCL:
1. Builds communities by providing learning spaces for students from the Early Childhood
level to the Primary and Secondary levels.
2. Contributes to economic growth and development by providing business opportunities
for small and medium enterprises.
3. Strives to provide a safe, comfortable learning environment for teachers to teach and
students to learn.
EFCL has spearheaded Trinidad and Tobago’s thrust in upgrading the present stock of Primary
and Secondary School infrastructure. Through EFCL, a wholly owned Government State
Enterprise, eighty-one (81) new ECCE Centres, thirty-seven (37) new Primary Schools, and
seven (7) new Secondary Schools have been completed and operationalized. Additionally,
throughout its years of operation, approximately seven thousand eight hundred (7,800) Repairs
and Maintenance jobs have been executed.
RECORD OF DELIVERY
FACILITY/ITEM STATUS
ECCE Centres 81 completed and operational
Primary Schools 37 completed and operational
Secondary Schools 7 completed and operational
Repairs and Maintenance works 7,800 jobs completed
CORPORATE PROFILE (Cont’d)
PAGE | 3
CONSTRUCTION PROGRAMME – TWENTY-THREE (23) NEWLY
CONSTRUCTED FACILITIES
2015 saw the completion of construction and operationalization of thirteen (13) ECCE Centres,
eight (8) Primary Schools and three (3) Secondary Schools. A full breakdown of the schools
completed and operationalized in 2015 is as follows:
ECCE Centres:
Egypt Oasis Government ECCE
Centre
Munroe Road SDMS ECCE Centre
Warrenville TIA ECCE Centre Caroni SDMS ECCE Centre
Ravine Sable Government ECCE
Centre
St Ann’s Government ECCE Centre
Buen Intento Government ECCE
Centre
Rancho Quemado Government ECCE
Centre
Marabella GPS ECCE Centre
Cunjal Government ECCE Centre
Palmiste Government ECCE Centre
Fyzabad Government ECCE Centre
La Ruffin Government ECCE Centre
Primary Schools:
Munroe Road SDMS Primary School Rio Claro Presbyterian Primary School
Pt Cumana (St Peter’s) R.C. Primary
School
Paramin R.C. Primary School
Rosehill R.C. Primary School New Grant R.C. Primary School
Cap-de-Ville Government Primary
School
Egypt Oasis Government Primary
School
Secondary Schools:
Five Rivers Secondary School
Aranguez North Secondary School
Pleasantville Secondary School
ACHIEVEMENTS - 2015
PAGE | 4
REPAIR AND MAINTENANCE PROGRAMME
FOUR HUNDRED EIGHTY-EIGHT (488)
REPAIR AND MAINTENANCE JOBS EXECUTED
EFCL’s Repairs and Maintenance Division continued to work to elevate the level of existing Schools
to a much improved standard. In this regard, during fiscal year 2015, the Repairs and Maintenance Division
executed approximately four hundred eighty-eight (488) projects at a total contract cost of TT$187,801,852.71
VAT Exclusive. These projects comprised electrical repairs, plumbing works, roof and ceiling works, sewer
repairs, pest eradication, painting and sanitisation works.
Repairs were executed on schools in the seven (7) education districts of Caroni, North Eastern, Port-of-Spain &
Environs, South Eastern, St. George East, St. Patrick and Victoria. The repairs undertaken were carried out by 104
contractors.
The following tables summarise the quantity and expenditure of projects undertaken by education
district and type of educational facility.
District District
Office
ECCE Other Primary Secondary Special Total
Caroni 0 14 0 58 13 0 85
North
Eastern 0 7 0 33 11 1 52
POS &
Environs 0 0 1 24 8 3 36
South
Eastern 0 9 0 50 19 0 78
St. George
East 1 20 0 72 18 5 116
St. Patrick 1 4 0 31 9 0 45
Victoria 3 10 0 45 17 1 76
Total 5 64 1 313 95 10 488
District District
Office ECCE Other Primary Secondary Special Total
Caroni $-
$1,121,012.00 $- $22,619,842.00
$10,187,635.00 $- $33,928,489.00
North
Eastern $- $452,310.00 $- $12,711,286.00
$12,357,315.00 $41,000.00 $25,561,911.00
POS &
Environs $- $-
$92,318.40 $8,683,796.00 $6,493,595.00 $204,500.00 $15,474,209.40
South
Eastern $- $567,380.00 $- $16,174,464.56
$19,859,520.00 $- $36,601,364.56
St.
George
East
$26,100.00
$2,288,220.00 $- $24,223,226.25 $7,155,036.00
$1,904,320.00 $35,596,902.25
St.
Patrick $81,000.00 $153,400.00 $- $10,709,732.00 $5,774,348.00 $- $16,718,480.00
Victoria
$5,983,900.00 $742,635.00 $- $14,025,613.50 $2,925,228.00 $243,120.00 $23,920,496.50
Total
$6,091,000.00
$5,324,957.00
$92,318.40
$109,147,960.31
$64,752,677.00
$2,392,940.00
$187,801,852.71
EFCL has been working to elevate the level of existing Schools to a much improved standard.
ACHIEVEMENTS - 2015
PAGE | 5
Audit Committee: Board Tenders Committee:
ED
UC
AT
ION
FA
CIL
ITIE
S C
OM
PA
NY
LIM
ITE
D |
AN
NU
AL
RE
PO
RT
201
3
ANNUAL TEXTBOOK RENTAL PROGRAMME
Since 2004, the Ministry of Education (MoE) has been procuring textbooks in support of the
delivery of its curricula under the Textbook Rental Programme (TRP). The TRP now the Textbook
Management Unit (TMU) facilitated the provision of textbooks and other learning materials for
students attending Primary and Secondary Schools throughout Trinidad and Tobago.
Primary Schools Textbooks in the sum of Twelve Million, Four Hundred and Ninety-Seven
Thousand Seven Hundred and Sixty-Two Dollars and Ninety-Eight Cents ($12,497,762.98)
Secondary School Textbooks in the sum of One Million, Four Hundred and Eight Thousand,
Two Hundred and Thirty-Three Dollars and Fifty-Nine Cents. ($1,408,233.59)
Manipulatives and Large Print Textbooks for Special Education Centres in the sum of Four
Hundred and Fifty Thousand, Four Hundred and Thirty-One Dollars and Nineteen Cents.
($450,431.19)
INFORMATION AND COMMUNICATIONS TECHNOLOGY
To remain au courant and relevant and deliver effectively on the ever evolving needs of EFCL, it
was essential that EFCL strengthen the organisation’s Technical capacity. To this end, the ICT Unit
implemented a telephony solution, upgraded server software, acquired two (2) printer plotters and
successfully implemented an outsourced managed network solution.
EFCL was mandated to purchase and distribute regular
Textbooks, Large Print Textbooks and Manipulatives to
various Primary, Secondary and Early Childhood Care and
Education Centres.
To fulfill this mandate, EFCL engaged nineteen (19)
Publishers/Suppliers (foreign and local) to procure Primary
and Secondary Textbooks, Large Print Textbooks and
Manipulatives. The total cost of this programme was
approximately Fourteen Million, Three Hundred and Fifty-
Six Thousand, Four Hundred and Twenty-Seven Dollars and
Ninety-Six Cents ($14,356,427.96). It was apportioned as
follows:
ACHIEVEMENTS - 2015
PAGE | 6
HUMAN RESOURCES
At the end of the fiscal year 2014, EFCL’s staff complement stood at eighty-nine (89). The Staff
of EFCL continued to give its fullest support to the Organisation’s mandate with respect to the
meeting of deadlines and handing over of completed Projects to the MoE.
The year 2015 was a special year in EFCL’s history, as the Company celebrated its 10th year in
operations. A 10th Anniversary/Long Service Awards Function was held on March 28, 2015 to
celebrate this occasion at the Trinidad Hilton and Conference Centre. Fifteen (15) employees
with services of ten (10) years, nine (9) years, eight (8) years and seven (7) years received awards.
This spanned the period August 2005 to March 2008.
The Company continued to fulfill its mandate and support the achievements of the MoE’s
Strategic goals and objectives through its main resource – the staff of EFCL.
CONCLUSION
In total, approximately four thousand (4,000) students across the length and breadth of the
country benefitted from EFCL’s new School construction programme, conducted by the
Organisation on behalf of the Government of the Republic of Trinidad and Tobago. Thousands
more would have benefitted through the Repairs and Maintenance projects executed by EFCL on
behalf of the Ministry of Education. EFCL is truly “Building Our Children’s Future”.
Nevertheless, EFCL must continue to evolve to effectively deliver on the various aspects of its
mandate.
ACHIEVEMENTS - 2015
PAGE | 7
Rose Hill R. C
Primary
School
Paramin R. C.
Primary
School
Munroe Road SDMS
Early Childhood Care
and Education Centre
ACHIEVEMENTS - 2015
PAGE | 8
HIGHLIGHTS - 10TH ANNIVERSARY CELEBRATIONS
Members of staff at the Long Service Awards Ceremony
Signing the commemorative plaque
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