Fund Utilisation Statement – Asha Princeton.

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Fund received: U.S. $ 2,800 for the year 2001 – 2002 on 24th January 2002

(Encashed on 28th February 2002)

 

Instructions given:                                                       In Dollars                       Amount in Rs**

8 students to be supported @ $ 100                                $ 800                            38,536.00

Summer English classes & Workshops                           $ 1800                           86,706.00

Coordinator salary                                                          $ 200                              9,634.00

                                                                                    -------------                     ---------------------    

                                    Total                                         $ 2800                        1,34,876.00

                                                                                    ------------                     ---------------------     

(Total amount was rounded to 1,34,876 instead of 1,34,902)

(** at the rate of conversion prevailing during  2001)

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Particulars                                                                      Amount in Rs            Amount in Rs

Opening balance as on June 2001                                                                       47,369.40

Total funds received ($2800) for 2001-2002                                                         1,34,876.00

                                                                                                                    -------------------

                                                                                                                      1,82,245.40

Less: Expenses incurred as on May 2002

* 8 students supported                                                   34,702.50

  Summer English classes & Workshops                         56,979.00

           ** 20% Contribution towards fixed overheads                     26,975.20

  (Including Coordinator part salary)                                             

  Students Computer upgrade expenses                           19,400.00

              Students book selves                                                     3,700.00

                                                                     -------------------    1,41,756.70

                                                                                                                     ------------------

Balance                                                            40,488.70

                                                                                                         ------------------

* See list of students enclosed with break up of amount paid.                                

** We have allotted 20% contribution towards fixed overheads due increased travel, postal,

    telephone and office rent etc (Running cost)

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                                                                                    Amount In Rs   Amount in Rs

Opening balance as on June 2002                                                           40,488.70

                       

Less: Estimated expenses as on July 10th, 2002

   (Ist due of payment

    to your supported students - Approx)                     16,000.00

    Expenses of selection process – 2002-2003            2,500.00

                                                                              ---------------         18,500.00

                                                                                                      ---------------

                                          Balance                                                21,988.70

                                                                                                      -------------

We request continuation of the next year’s fund- to enable us to continue to support the students education & other activities.

 

Prepared by:                                                                  Authorized by:

Program in charge:                                                         Executive Trustee

 

 

 

Mr.M.Sampath.                                                              Nithya Balaji


Funds distributed as on May 2002 to the students being

 supported by ASHA Princeton for the academic year 2001 – 2002

 

Name of the students                                       Amount in Rs

 

Fee Installments-

 

1.       D.Jenifer                                                4,276.00

2.       V.Manikandan                                       5,000.00

3.       K.Lokeshwari                                         3,000.00

4.       V.Lakshmipriya                                      5,000.00

5.       M.Indra                                                 4,426.50

6.       R.Rajashekar                                         3,000.00                       

  1. Shobana B. Navanikar                            5,000.00
  2. R.Manojkumar                                       5,000.00

 

                                                Total                34,702.50

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