Finance & Funding

The annual budget of Korangi Academy for the FY 2022-2023 along with cost per student (per annum/per month), worked out on the basis of the strength of 223 (as per the audited accounts as on 30th June, 2022) students then, is as under:

Budget Heads

Total Incurred Expenses against the Budget 2022-23

Cost per student per month

Cost per student per annum




Indirect Expenses on Students

A.  Personnel cost

Faculty & staff salaries, Bonuses, PF, EOBI, Medical Allowance etc.







B. Other Indirect Cost

Training and workshops, Functions & events,  Community development & Welfare program,  Staff Uniform, Security Charges, teachers’ transportation charges (contract van), Repair & maintenance, Utilities (Gas and water charges), Communications, Fees & Subscription, Environment & Greenery, Printing & Stationery,  Insurance, Advertisement, Lab Consumables/Expenses, , depreciation for year & others








The cost per student, according to the incurred expenses against the budget of 2022-23 with the strength of 223 was worked out as Rs. 6,911/- per student per month.

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