Basera Updated Budget

Previously submitted budget

• Annual expenditure per child: Rs 16,800

• Calculated for April 2009-October 2010 for 70 students

• 16,800 * 70 * 1.5

Total Amount: 17,64,000

Revised budget

• Annual expenditure per child: Rs 15,000

• Oct 2008-March 2009 for 40 students => 15,000 * 40 * 0.5 = 3,00,000[since for the period only 40 were supported]

• April 2009-March 2010 for 70 students => 15,000 * 70 = 10,50,000

Total Amount = 13,50,000

Changes because …

• Wanted to keep the budget within $300 per child per year

• Incorrectly calculated for time period and number of students

• Incorrectly included one-time items like school bag, trunks, bedding etc amount for already sponsored children

• For the new children being sponsored, requested the project partner to pick up the tab for one-time items like school bag, trunks, bedding etc which may be procured locally through “in-kind” donations