RAND PARK HIGH Annual General Meeting

1. 13 October 2011 RAND PARK HIGHAnnual General Meeting

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

3. CHAIRMAN’S REPORT Mr Garth Johnson

4. PRINCIPAL’S REPORT Mr Alan Wilke

5. FINANCIAL REPORT Mr Garth Johnson

6. Financial • Audited Statements 2010 • 2011 Forecast • 2012 Budget

7. Finance – 2010 Audited

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

9. 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. 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. 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. 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. 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. School Enrolment • 2010: 1514 2011: 1510 2012: 1510

15. Staff summary

16. 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. Expenditure summary

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

19. Summary of 2012 Budget • School Fee Income R 24 989 780 • Other Income R 1 068 673 • Total Income R 26 058 453 • Planned Expenditure R 25 931 903 • Surplus R 126 550

20. 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. Refurbishment of bathrooms Before After

22. Prefabs - Flooring Before After

23. Decking Before After

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

25. School Fees 2012

26. 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. Local School Fees

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

29. 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. 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. 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. Approval of Budget • Budget as tabled proposed by School Governing Body • To be approved by this meeting

33. Resolutions of the Parent Body present at the AGM

34. Resolution 1 • That Rand Park High will be a fee paying public school

35. 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. 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. Resolution 3 • The annual school fees for Rand Park High for the year 2012 shall be R22 742 per learner

38. 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. 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. Resolution 6 • That the Financial Budget for 2012 be accepted as presented

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

42. 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. 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. 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. General

46. Thank you for coming