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How We Use Our Funds

Malekkhanu & Sherali Fazal Visram Memorial Foundation - Pune Institute
Estimated Budgeted Expenditure for the academic year 2018-2019
Description
Cost per Month
Indian Rupees
(INR)
Annualized
Indian Rupees
(INR)
Annualized
US Dollar
(USD)
$1 = INR 66
School Fees
186,375
2,236,500
$ 33,886.36
Staff Salaries
168,500
2,022,000
$ 30,636.36
Teachers' Salaries
79,000
869,000
$ 13,166.67
Groceries & Provisions
97,000
1,164,000
$ 17,636.36
Utilities
31,000
372,000
$ 5,636.36
Transportation
36,100
433,200
$ 6,563.64
Books and Computer Expense
7,200
86,400
$ 1,309.09
Telephones
4,900
58,800
$ 890.91
Insurance
5,000
60,000
$ 909.09
Repairs and Maintenance
30,825
369,900
$ 5,604.55
Printing and Stationery
4,500
54,000
$ 818.18
Uniforms
8,000
96,000
$ 1,454.55
Medical Insurance - Staff & Students
23,300
279,600
$ 4,236.36
Medical Expenses
7,500
90,000
$ 1,363.64
Municipal Tax
3,250
39,000
$ 590.91
Misc Expenses
7,500
90,000
$ 1,363.64
Total
699,950
8,320,400
$ 126,066.67
Number of Children = 90
Cost per Child
7,777
92,449
$ 1,400.74

NOTE

The above exchage rate are as of April 1, 2018.

Khushi Hamirani

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