SL | Standard | Academic Year/s | Projected students | Approved annual fee per student | Projected Total income |
---|---|---|---|---|---|
1 | Standard I |
2024-2025, |
200 |
Annual fee
:55,650 One time fee from new student :26,000 Refundable Fee : 0 Total fee :81,650 |
1,63,30,000 |
2 | Standard II |
2024-2025, |
200 |
Annual fee
:55,650 One time fee from new student only :26,000 Refundable Fee : 0 Total fee :81,650 |
1,11,30,000 |
3 | Standard III |
2024-2025, |
200 |
Annual fee
:55,650 One time fee from new student only :26,000 Refundable Fee : 0 Total fee :81,650 |
1,11,30,000 |
4 | Standard IV |
2024-2025, |
200 |
Annual fee
:55,650 One time fee from new student only :26,000 Refundable Fee : 0 Total fee :81,650 |
1,11,30,000 |
5 | Standard V |
2024-2025, |
200 |
Annual fee
:53,130 One time fee from new student only :26,000 Refundable Fee : 0 Total fee :79,130 |
1,06,26,000 |
6 | Standard VI |
2024-2025, |
200 |
Annual fee
:53,130 One time fee from new student only :26,000 Refundable Fee : 0 Total fee :79,130 |
1,06,26,000 |
7 | Standard VII |
2024-2025, |
200 |
Annual fee
:53,130 One time fee from new student only :26,000 Refundable Fee : 0 Total fee :79,130 |
1,06,26,000 |
8 | Standard VIII |
2024-2025, |
200 |
Annual fee
:53,130 One time fee from new student only :26,000 Refundable Fee : 0 Total fee :79,130 |
1,06,26,000 |
9 | Standard IX |
2024-2025, |
200 |
Annual fee
:53,130 One time fee from new student only :26,000 Refundable Fee : 0 Total fee :79,130 |
1,06,26,000 |
10 | Standard X |
2024-2025, |
194 |
Annual fee
:53,130 One time fee from new student only :26,000 Refundable Fee : 0 Total fee :79,130 |
1,03,07,220 |
11 | Standard XI (Science Stream) |
2024-2025, |
120 |
Annual fee
:55,650 One time fee from new student only :30,000 Refundable Fee : 0 Total fee :85,650 |
66,78,000 |
12 | Standard XII (Science Stream) |
2024-2025, |
120 |
Annual fee
:55,650 One time fee from new student only :30,000 Refundable Fee : 0 Total fee :85,650 |
66,78,000 |
13 | Standard XI (Arts Stream) |
2024-2025, |
80 |
Annual fee
:55,650 One time fee from new student only :30,000 Refundable Fee : 0 Total fee :85,650 |
44,52,000 |
14 | Standard XII (Arts Stream) |
2024-2025, |
80 |
Annual fee
:55,650 One time fee from new student only :30,000 Refundable Fee : 0 Total fee :85,650 |
44,52,000 |
15 | Standard XI (Commerce Stream) |
2024-2025, |
80 |
Annual fee
:55,650 One time fee from new student only :30,000 Refundable Fee : 0 Total fee :85,650 |
44,52,000 |
16 | Standard XII (Commerce Stream) |
2024-2025, |
80 |
Annual fee
:55,650 One time fee from new student only :30,000 Refundable Fee : 0 Total fee :85,650 |
44,52,000 |
1. As per the audited financial statements, there was more than sufficient cash surplus in 2022-23 even after capital addition in that year.
2. The school could not utilise 34.87% of the school fees collected during the year 2022-23.
3. The budgeted statement for FY 2024-25 also projects a huge and unreasonable cash surplus of 34.61% of the projected total fees.
4. Further, the school has enough funds invested as fixed deposits.
Hence, the FRC has decided to fix the fee structure for the year 2024-25 at par with 2023-24, which will result in reducing the proposed total collection by Rs. 1.46 Cr. only. Even after this, the school shall have enough surpluses as per the proposed budget, without affecting the existing funds invested as fixed deposits.