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How We Use Our Funds

Malekkhanu & Sherali Fazal Visram Memorial Foundation - Pune Institute
Estimated Budgeted Expenditure for the academic year 2019-2020
Description
Cost per Month
Indian Rupees
(INR)
Annualized
Indian Rupees
(INR)
Annualized
US Dollar
(USD)
$1 = INR 69
School Fees
221,500
2,658,000
$ 38,410.40
Staff Salaries
188,000
2,256,000
$ 32,601.16
Teachers' Salaries
96,000
1,071,000
$ 15,476.88
Groceries & Provisions
102,000
1,224,000
$ 17,687.86
Utilities
38,500
462,000
$ 6,676.30
Transportation
42,100
505,200
$ 7,300.58
Books and Computer Expense
7,700
92,400
$ 1,335.26
Telephones
5,300
63,600
$ 919.08
Insurance
5,000
60,000
$ 867.05
Repairs and Maintenance
55,575
666,900
$ 9,637.28
Printing and Stationery
4,500
54,000
$ 780.35
Uniforms
5,000
60,000
$ 867.05
Medical Insurance - Staff & Students
23,300
279,600
$ 4,040.46
Medical Expenses
9,000
108,000
$ 1,560.69
Municipal Tax
3,667
44,000
$ 635.84
Misc Expenses
7,500
90,000
$ 1,300.58
Total
814,642
9,694,700
$ 140,096.82
Number of Children = 100
Cost per Child
8,146
96,947
$ 1,400.97

NOTE

The above exchage rate is as of April 1, 2019.

Alvida Panjwani

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