1. RAND PARK HIGH Annual General Meeting 13 October 2011

2. AGM 2011 Agenda  Welcome and Apologies  Previous Minutes and matters arising  Chairman’s Report  Principal’s Report  Finance Report  Budget 2012  Resolutions  General

3. AGM 2011 CHAIRMAN’S REPORT Mr Garth Johnson

4. AGM 2011 PRINCIPAL’S REPORT Mr Alan Wilke

5. AGM 2011 FINANCIAL REPORT Mr Garth Johnson

6. AGM 2011 Financial  Audited Statements 2010  2011 Forecast  2012 Budget

7. AGM 2011 Finance – 2010 Audited Fees IncomeR 20 795 038 Other IncomeR 670 276 Expenses - R 19 203 095 Cap Ex - R 1 291 229 (Loss) / Profit R 970 990

8. AGM 2011 Finance – 2011 Forecast  Income R 24 215 282 Budget R 23 838 862  ExpenditureR 24 737 975 Budget R 23 553 334  Operating Loss(522 693) Profit: Budget R285 528

9. AGM 2011 Review of 2011  Increasing maintenance costs due to age of school  Adjustment of Educator salaries in line with GDE increases  Expenses well controlled by budget holders

10. AGM 2011 BUDGETS  The budget covers the cost of maintaining the education offered to learners by the school  Governing body role is to review and support the budget proposal  Parent body approves budget

11. AGM 2011 Budget Objectives  Ensure quality of education maintained and improved  Need for expenditure to run school effectively  Maintain a secure, safe and clean environment  Offer a balanced range of learning and other activities  Income must exceed expenditure  Ensure adequate equipment to meet school needs

12. AGM 2011 Budget setting for 2012  Remain a premium school in the area  Need to retain quality educators in the school and ensure manageable class sizes  Continued lack of Government financial support  Compliance with School’s Act

13. AGM 2011 Budget key factors  Payment of fees – exemption and bad debt ratios  No funding from the Government is received in respect of these exemptions and bad debts, and thus the paying parents of the school are funding the shortfall created  Limited income from Government  School fees to cover all essential educational expenses such as admin, school requirements, maintenance, sport, catering, salaries and stationery

14. AGM 2011 School Enrolment 2010: 1514 2011: 1510 2012:1510

15. AGM 2011 Staff summary GDESGBTOTAL Principal11 Deputy Principals224 Heads of Department9211 Teachers402565 Administrative Staff4812 Support Staff81018 Total6447111

16. AGM 2011 Expenditure 2011  Salaries budget is critical to pupil/educator ratio and distinguishes our school from many other schools  Cutting fees will result in a reduction in facilities, teaching staff, choice of subjects and extra-murals  Expenditure is limited to funds collected

17. AGM 2011 Expenditure summary 2011 Budget2011 Forecast2012 Budget ADMIN EDAIDS MAINTENANCE PR PRINTING REQUIREMENTS SECURITY COMPUTERS CULTURAL SPORTS TRANSPORT CATERING SALARIES CAPEX R 897 260 R 446 136 R 1 664 000 R 63 570 R 854 721 R 1 523 950 R 1 219 125 R 373 075 R 80 550 R 422 410 R 492 400 R 269 740 R 14 546 897 R 699 500 R 932 060 R 446 136 R 1 664 000 R 63 570 R 854 721 R 1 523 950 R 1 219 125 R 421 725 R 20 250 R 423 222 R 492 400 R 269 740 R 14 546 897 R 1 860 179 R 984 290 R 487 778 R 1 821 902 R 68 500 R 897 456 R 1 605 913 R 1 388 318 R 657 950 R 57 550 R 460 000 R 535 200 R 286 456 R 15 710 590 R 970 000 TOTALS R 23 553 334R 24 737 975R 25 931 903

18. AGM 2011 Expenditure The proposed 2012 Budget’s Expenditure represents a 9% increase in comparison to the 2011 budget.

19. AGM 2011 Summary of 2012 Budget  School Fee IncomeR 24 989 780  Other IncomeR 1 068 673  Total IncomeR 26 058 453  Planned ExpenditureR 25 931 903  SurplusR 126 550

20. AGM 2011 Capital Expenditure 2011  The main capex items were: – Computer Equipment: R250 000 – Scrum Machine: R17 000 – Server Project: R220 000 – Refurbishment of bathrooms: R 630 000 – Decking: R400 000 – Educational Aids: R40 000

21. AGM 2011 Refurbishment of bathrooms BeforeAfter

22. AGM 2011 Prefabs - Flooring BeforeAfter

23. AGM 2011 Decking BeforeAfter

24. AGM 2011 Capex 2012 Main Items:  Upgrading of Pool area- R700 000  White Boards- R120 000

25. AGM 2011 School Fees 2012

26. AGM 2011 School Fees Historically our fees have fallen into the same general bracket as Northcliff, Bryanston, Fourways, Hyde Park and Parktown Girls. We are typically more expensive than schools like Allen Glen, Ferndale and Roosevelt. Our fees are significantly lower than private schools like Trinity, Aurora and St Stithians. No school can operate successfully if inadequately funded. The primary reason for deteriorating standards in some schools is the relatively low level of funding to these schools.

27. AGM 2011 Local School Fees 20112012 Allen Glen Ferndale Roosevelt Fourways RAND PARK Parktown Girls Bryanston Northcliff Hyde Park Greenside Parktown Boys Trinity Aurora St Stithians R 13 500 R 12 600 R 13 959 R 19 950 R 20 960 R 20 716 R 22 680 R 23 550 R 22 230 R 22 150 R 26 100 R 55 350 R 47 364 R 74 909 R 14 850 (10% increase) R 13 860 (10% increase) R 15000 (7.5% increase) R 22 144 (11% increase) ?????????? R 23 201 (12% increase) R 24 948 (10% increase) R 25 434 (8% increase) R 24 008 (8% increase) R 24 365 (10% increase) R 28 840 (10.5% increase) R 60 331 (9% increase) R 53 652 (13% increase) R 82 400 (10% increase)

28. AGM 2011 Proposed Fee Structure  School fees proposed as R22 742 – 8.5% increase  Incentives for early payment  Debit order arrangement

29. AGM 2011 Fees and Exemption Policy  Fees levied in terms of Act guidelines  Exemptions available to qualifying parents applying in the first term  Qualification for exemption based on both parents incomes  Commitment by parents to timeous and ongoing payment of fees  Exemptions applications due by end of first term  Exemptions are funded out of school funds

30. AGM 2011 Payment Methods  Core Principle – ALL FEES ARE DUE AND PAYABLE AT THE BEGINNING OF THE SCHOOL YEAR  Incentive for doing so – Payment by 31 January 2011 – R20 468 (discount of 10%)  Alternative payment plans – Payment monthly on debit orders of R2 274 per month from January 2011 to October 2011 – Any other payment method = R22 742 for year (i.e. in full)

31. AGM 2011 Payment Methods  HOWEVER – Should commitments fail to be met or adhered to at ANY stage – FULL FEE WILL BECOME DUE AND PAYABLE IMMEDIATELY – SCHOOL FEES ARE STATUTORY DEBT WHICH IS PRESCRIBED BY LAW AND MAY NOT BE REFERRED TO A DEBT COUNCELLOR FOR DEBT REVIEW UNDER SECTION 129 OF THE NATIONAL CREDIT ACT.

32. AGM 2011 Approval of Budget  Budget as tabled proposed by School Governing Body  To be approved by this meeting

33. AGM 2011 Resolutions of the Parent Body present at the AGM

34. AGM 2011 Resolution 1  That Rand Park High will be a fee paying public school

35. AGM 2011 Resolution 2 Rand Park High will offer the following education programmes. Grade 8 & 9 will follow the General Education and Training programme Grade 10, 11 & 12 will follow the Further Education and Training programme These programmes include the following: All relevant learning area information and core notes All relevant educational speakers with relevant information to the academic core syllabi cont…

36. AGM 2011 Resolution 2 cont Educational trips where specified as a compulsory element of the specific learning area Transport for pupils selected to represent RPHS for the extra-curricular programme Excluded from the programme are the following: Text books Stationery All tours offered by the school outside the compulsory excursion as stipulated by the curriculum School uniform Sports equipment and sports uniform

37. AGM 2011 Resolution 3  The annual school fees for Rand Park High for the year 2012 shall be R22 742 per learner

38. AGM 2011 Resolution 4  That certain extended payment dispensations will be allowed, as presented and approved by the finance committee, subject to the clear understanding that should extended term payment commitments fail to be met, all school fees will become immediately due and payable

39. AGM 2011 Resolution 5  The criteria and procedures to be applied for the total, partial or conditional exemption from the requirement to pay school fees, will be based on the South African Schools Act

40. AGM 2011 Resolution 6  That the Financial Budget for 2012 be accepted as presented

41. AGM 2011 Resolution 7  That M Kruger Auditing Incorporated be reappointed as the auditors for Rand Park High School for 2011

42. AGM 2011 Resolution 8  That the Governing Body be authorised to make adjustments to planned expenditure – of both an operating and a capital nature – in order to meet the needs of the School as they may arise from time to time without needing to refer such adjustments back to the Parent Body of the School for prior approval

43. AGM 2011 Resolution 9  The SGB is empowered to pay additional remuneration to state employees to attract and / or retain the best educators and staff and this amount is included in the Budget for 2012 and is to be submitted for approval by the Department of Education in terms of Section 38a of the South African Schools Act.

44. AGM 2011 Resolution 10  In the case of tours, if the school fee account is in arrears any money paid towards the tour will first be directed to the outstanding school fee account as this is regarded as a preferred creditor.

45. AGM 2011 General

46. AGM 2011 Thank you for coming