KORANGI ACADEMY
The annual budget of IETC for the FY 2022-2023 along with cost per student (per annum/per month), worked out on the basis of the strength of 981 (as per the audited accounts as on 30th June, 2023) 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 |
|
(Rs.) |
(Rs.) |
(Rs.) |
|
| Direct Expenses on Students
Expenses of nutrition, copies, text books and stationery |
657,275 |
56 |
670 |
| Indirect Expenses on Students A. Personnel Cost Staff salaries, Bonuses, PF, EOBI, Medical Allowance, etc. |
66,917,140 |
5,684 |
68,213 |
| 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. |
24,038,861
|
2,042 |
24,504 |
| Total: |
91,613,276 |
7,782 |
93,388 |
The cost per trainee/student, according to the incurred expenses against the budget of 2022-23 with the strength of 981 was worked out as Rs. 7,782/- per student per month.
