KORANGI ACADEMY
The annual budget of Korangi Academy for the FY 2024-2025 along with cost per student (per annum/per month), worked out on the basis of the strength of 1345 (as per the audited accounts as on 30th June, 2025) students then, is as under:
| Budget Heads | Total Incurred Expenses against the Budget 2024-25 (Rs.) | Cost per student per month (Rs.) | Cost per student per annum (Rs.) |
|---|---|---|---|
| Direct Expenses on Students Expenses of uniform, nutrition and stationery | 1,312,959 | 81 | 972 |
| Indirect Expenses on Students A. Personnel Cost Staff salaries, Bonuses, PF, EOBI, Medical Allowance, etc. | 117,225,840 | 7,263 | 87,157 |
| 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. | 12,984,177 | 804 | 9,654 |
| Total: | 131,522,976 | 8,148 | 97,776 |
The cost per trainee/student, according to the incurred expenses against the budget of 2024-25 with the strength of 1345 was worked out as Rs. 8,148/- per student per month.