2% Cap on Tax Levy (BOE Approval required) The BOE is being asked to approve the Tax Levy Ref PAGE 14 Suspension of Activity Fee Anticipated State Reimbursement Deferred from last year Add’l New State Aid ($1.46MM) Net New Revenues $1.1MM Used to raise General Fund Revenues to $79.78MM Major Elements: Tax Levy $65.78MM State Aid $12.68MM State Grant $ 0.35MM Deferred Aid $ 0.79MM Misc $ 0.43MM Net $90k increase in Misc DRAFT

Local property taxes provide 82.4% of the Randolph Township Schools’ general fund Revenue The percentage of revenue from state sources is anticipated to equals 17.3%. ($13.8/$79.8 =.173) Miscellaneous revenue sources, which include interest and fees for building rental, accounts for 0.3% of the District’s general fund revenue sources. Total Special Revenues, which are supported by State and Federal programs and are earmarked for specific usage delineated in the grant awards, are projected at 80% of their current level per directive of the State. The District’s proposed budget would result in a $170 tax increase on a home with the average assessment of $338,000. Ref PAGE 5

Ref PAGE 15 Budgeted expenses to operated the district including new Vision expenditures DRAFT Balanced budgeted expenses with budgeted revenues in the General Fund Specific line items are not being approved by BOE but rather this summary of expected areas of expenditures is the districts estimated plans to operate the district. Infrastructure Reinvestment

K-12 BYOD Initiative Teacher Coaches Additional FTEs STEM Lab Professional Development Support supervisor restructure plan Audio enhancement in classrooms interdisciplinary rooms Suspension of Activity Fee

For the fiscal year the District is not appropriating any funding for contributions to the capital reserve fund or for any capital projects. During the fiscal year, if funds become available, deposits to the Capital Reserve Fund may be considered by the Board. Transfers into the capital reserves account would need to be approved by the County office of the Department of Education and the Randolph Board of Education. The District is proposing new capital projects in the fiscal year which totals $1.27MM for building and operational improvements  Replacement of Fernbrook Elementary School parking lot  Masonry pointing and sealing at Ironia Elementary School  Improvements to Softball and Baseball fields  Repairs and maintenance to the High School roof  Reconditioning of bathrooms at the High School, Center Grove and Fernbrook Schools  Stairwell tread replacement at the Middle School  Electrical and Security upgrades at the Technology Center  Various paving patches to parking lots In addition to the building improvements, replacement of District equipment is scheduled. All of the equipment being replaced exceeded its useful life. Acquisitions will include the following:  3 full size buses and 1 van bus  Custodial and snow removal equipment A lease purchase over a five-year period will be used to acquire the buses. Ref PAGE 8

VISION for the Future Randolph District The recommendations being made by Dr. Browne are educationally focused and challenges staff, students and parents to move towards a new paradigm in education. The $1.1MM increase in Budget revenues is timely as an investment in this paradigm shifting Vision. Providing contents was the sole role of faculty but with the advent of on-line search engines, video, specialty web sites, free tutorials and chat rooms with your subject matter experts, the future for faculty is how to best deliver, facilitate delivery of contents while encouraging and exciting students. Randolph District MISSION It is the mission of the Randolph Township Schools to help prepare all our students for further education, productive work, responsible citizenship and personal fulfillment. Toward that end, we will provide students with educational experiences that enable them to acquire the knowledge and develop the thinking and problem-solving skills necessary for a lifelong process of learning. We will guide all students in discovering, valuing and developing their unique talents in order to realize their potential.