Finance and Funding

KORANGI ACADEMY

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 1196 (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

489,869

34

408

Indirect Expenses on Students
A. Personnel Cost
Staff salaries, Bonuses, PF, EOBI, Medical Allowance, etc.

98,602,541

6,870

82,440

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.
 

16,822,884

1,172

14,064

Total:

115,020,764

8,014

96,168

The cost per trainee/student, according to the incurred expenses against the budget of 2023-24 with the strength of 1196 was worked out as Rs. 8,014/- per student per month.

  • The Ultimate Overview to Penny Slot Machine Free
    Dime slots free are a preferred option among gambling establishment gamers that want to enjoy the adventure of betting without damaging the financial institution. These low-stakes fruit machine offer a variety of video games and amazing features that keep players…Read more ›
  • Free Cent Slot Machines: The Ultimate Guide
    When it involves online casino video games, few can rival the appeal and excitement of penny ports. These games offer a thrilling mix of reduced risks and big wins, making them a favored amongst both informal and seasoned players. In…Read more ›
  • Free Blackjack Games: An Interesting Way to Learn and Play
    Blackjack is a preferred card game that has actually been delighted in by players for centuries. The video game’s simplicity and critical components make it a preferred choice for both casual and skilled bettors. While playing blackjack in a gambling…Read more ›