A draft memorandum of understanding for the school to voluntarily close, which was forged last month, would grant $170 to each student for the cost of a uniform at their new school, with a one off support payment considered for some families.

No mention has been made of the availability of the $635,000 that remained in the School Transition Fund in the Liberal's first state budget, nor whether Meander Primary School is open to monies from that fund.

The decision to close the school arose from a ballot that saw about 33 votes returned, where 60 per cent were in favour of closing the school and 27 per cent wanted the school to remain open.

It is understood this decision came after parents were informed of the difficulties in keeping the school open with so few enrolments.

Some of the parents who voted had children who would not be attending the school next year, and it is understood the decision did not involve parents in the community with young children and future students.

It is not yet known whether the school and its buildings will be gifted to the community or the buildings pass to the Meander Valley Council for community use, or the education department sells the buildings and land, with playground equipment to be gifted to community.

The school received almost $1 million from the previous federal government's Building the Education Revolution funding.

In 2011 the school infrastructure and land was valued at $435,000.