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| Project
Budget |
 A breakup of the estimated costs of this project is given as follows:
Construction and Startup:
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Approx.
costs for building school and boarding facilities - Rs.
60 million (US$ 1,000,000) |
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Approx.
costs for building school without boarding facilities - Rs. 36 million (US$ 600,000) |
These construction and startup costs do not include the cost of land, valued at approximately Rs. 10 million (US$ 167,000), which has been arranged by the Trustees on a 99 year lease basis. The annual lease cost of this land will be met from the operational budget of the school. |
Operations:
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Approx.
annual costs inclusive of boarding facilities – Rs. 17 million (US$ 283,000) |
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Approx.
annual costs exclusive of boarding facilities – Rs. 10 million (US$ 167,000) |
These recurring expenses are estimates for the first year of operations i.e. the academic year 2007-2008. Recurring costs for subsequent years will go up as two new classes of 30 children each are added each year. Inflation is also expected to affect costs by approximately 5% to 10% per year. |
Based upon these budgeted operational costs of the school, the estimated annual expenses per student will be:
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Day Students – Rs. 30,000 (US$ 500) |
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Boarding Students – Rs. 102,000 (US$ 1,700) |
Expansion:
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Approx.
annual costs of adding two new classes, teachers’ residences and allied facilities – Rs. 5 million (US$ 83,000) |
These annual expansion costs are estimates for the first year of expansion. Costs for subsequent years are expected to increase at least within a range of 5% to 10% per year due to inflation. |
Figures given in this section are subject to change as actual costs incurred by the project will vary from these initial estimates. For budgeting purposes, however, these calculations give a reasonably good approximation of the projected expenses associated with this venture.
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