SL | Standard | Academic Year/s | Projected students | Approved annual fee per student | Projected Total income |
---|---|---|---|---|---|
1 | Nursery or Equivalent |
2024-2025, |
60 |
Annual fee
:26,352 One time fee from new student :0 Refundable Fee : 0 Total fee :26,352 |
15,81,120 |
2 | LKG or Equivalent |
2024-2025, |
60 |
Annual fee
:26,139 One time fee from new student only :0 Refundable Fee : 0 Total fee :26,139 |
15,68,340 |
3 | UKG or Equivalent |
2024-2025, |
65 |
Annual fee
:26,139 One time fee from new student only :0 Refundable Fee : 0 Total fee :26,139 |
16,99,035 |
4 | Standard II |
2024-2025, |
60 |
Annual fee
:27,249 One time fee from new student only :0 Refundable Fee : 0 Total fee :27,249 |
16,34,940 |
5 | Standard III |
2024-2025, |
60 |
Annual fee
:27,249 One time fee from new student only :0 Refundable Fee : 0 Total fee :27,249 |
16,34,940 |
6 | Standard IV |
2024-2025, |
60 |
Annual fee
:27,249 One time fee from new student only :0 Refundable Fee : 0 Total fee :27,249 |
16,34,940 |
7 | Standard V |
2024-2025, |
59 |
Annual fee
:27,526 One time fee from new student only :0 Refundable Fee : 0 Total fee :27,526 |
16,24,034 |
8 | Standard VI |
2024-2025, |
50 |
Annual fee
:30,300 One time fee from new student only :0 Refundable Fee : 0 Total fee :30,300 |
15,15,000 |
9 | Standard VII |
2024-2025, |
50 |
Annual fee
:30,300 One time fee from new student only :0 Refundable Fee : 0 Total fee :30,300 |
15,15,000 |
10 | Standard VIII |
2024-2025, |
50 |
Annual fee
:32,215 One time fee from new student only :0 Refundable Fee : 0 Total fee :32,215 |
16,10,750 |
11 | Standard IX |
2024-2025, |
45 |
Annual fee
:33,181 One time fee from new student only :0 Refundable Fee : 0 Total fee :33,181 |
14,93,145 |
12 | Standard X |
2024-2025, |
45 |
Annual fee
:33,181 One time fee from new student only :0 Refundable Fee : 0 Total fee :33,181 |
14,93,145 |
13 | Standard I |
2024-2025, |
60 |
Annual fee
:27,249 One time fee from new student only :0 Refundable Fee : 0 Total fee :27,249 |
16,34,940 |
1. Today in the hearing Sister Nirmala, CEO of the Institution, Mr. Thomas Mathew, MD of the Institution, and Mr. Utpal Choudhury, Office Executive of the Institution, are present. From the FRC side it has been pointed out that in the audited Receipt and Payments Account for the year 2022-23, there is an expenditure of Rs.59,02,000 as "poor house construction" and Rs.30,00,000.00 as "transfer to other trust". It is seen that out of the total fees collection of Rs.1.88 Cr. in the year 2022-23, the above-mentioned expenditures of Rs.89,02,000 are not related to the school.
2. According to the school representatives present in the hearing, the school charges fees from students for other social works conducted by the trust.
3. The School has stated in its budget (Estimated Receipt and Payment) for the year 2024-25 two expenditures titled "Land and Building Construction" and "School Development Expenses" amounting to Rs.1,03,37,000.00. The expenses as mentioned in point no.2 are not related to the school, but for other social works, and hence not allowable.
4. The school has proposed an increase of Fees 6.69% in Classes VI & VII, whereas in other classes the proposed increase is up to 25.53%.
Considering the above points the Fee Regulatory Committee decided to allow the increase to 6.69% for all the classes. Due to this, the income of the school will be reduced by Rs.15,26,566/- only from the projected income as submitted.
The excess collected fees are either to be refunded to the students or to be adjusted against the fees yet to be collected.