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 |
|
(Rs.) |
(Rs.) |
(Rs.) |
|
| Indirect Expenses on Students
A. Personnel cost Faculty & staff salaries, Bonuses, PF, EOBI, Medical Allowance etc. |
13,428,038 |
5,018 |
60,215 |
| 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 |
5,066,312 |
1,893 |
22,719 |
| Total |
18,494,350 |
6,911 |
82,934 |
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.
