The annual budget of IETC for the FY 2023-2024 along with cost per student (per annum/per month), worked out on the basis of the strength of 290 (as per the audited accounts as on 30th June, 2024) students then, is as under:
|
Budget Heads |
Total Incurred Expenses against the Budget 2023-24 |
Cost per student per month |
Cost per student per annum |
|
(Rs.) |
(Rs.) |
(Rs.) |
|
| Direct Expenses on Students
Expenses of nutrition, copies, text books and stationery |
132,726 |
38 |
456 |
| Indirect Expenses on Students A. Personnel Cost Staff salaries, Bonuses, PF, EOBI, Medical Allowance, etc. |
17,317,463 |
4,976 |
59,712 |
| B. Other Indirect Cost Seminar & workshops, Functions & events, Staff Uniform, Insurance, Fees and subscription, Printing & stationery, teachers’ transportation charges (contract van), Advertisement charges, Communications, Security Charges, Repair & maintenance, Utilities (Gas and water charges), Motor vehicle expenses, Landscaping & Gardening, Cleaning Material, depreciation for year & others. |
3,934,383
|
1,131 |
13,572 |
| Total: |
21,384,572 |
6,145 |
73,740 |
The cost per trainee/student, according to the incurred expenses against the budget of 2023-24 with the strength of 290 was worked out as Rs. 6,145/- per student per month.
