Dear Sir

With reference to your Project funds to Bharathi Trust We hereby furnishing the details of Exp's till Feb'2001

Total Grant Received     -                                                        19,87,024.00

Less: Exp's as Direct
Exp's       -                                    6,80,656.91

Less: Fixed Assets
Purchases      -                                80,808.00

Total Exp's                                                                                   7,61,464.91

                                                                                            ------------------
                                                                                                   12,25,559.09

Less: Exp's to be incurred during
the month of March'2k ,April

Salary for the Staff
for 3 Months    -                                   80,000

Conveyance
for teacher and other
Staff     -                                              20,000

Study Materails,   -                              50,000
Toy Materails

Food Exp's for
4 Months @ 40,000     -                   160,000

Construction of
School Building
2 Buildings   -                                     150,000

Vessels Exp for
3 school  -                                            60,000

New cloth for
school children -                                2,00,000
 
Contingency Exp's      -                         40,000
 

                                                                                              7,60,000
 
                                                                                          --------------
                                       Balance Funds                                 4,65,559
                                                                                           -------------