SL | Standard | Academic Year/s | Projected students | Approved annual fee per student | Projected Total income |
---|---|---|---|---|---|
1 | Standard I |
2024-2025, |
180 |
Annual fee
:69,800 One time fee from new student :40,000 Refundable Fee : 10,000 Total fee :1,19,800 |
1,97,64,000 |
2 | Standard II |
2024-2025, |
180 |
Annual fee
:69,800 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,19,800 |
1,25,64,000 |
3 | Standard III |
2024-2025, |
180 |
Annual fee
:69,800 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,19,800 |
1,25,64,000 |
4 | Standard IV |
2024-2025, |
175 |
Annual fee
:69,800 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,19,800 |
1,22,15,000 |
5 | Standard V |
2024-2025, |
175 |
Annual fee
:69,800 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,19,800 |
1,22,15,000 |
6 | Standard VI |
2024-2025, |
130 |
Annual fee
:69,800 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,19,800 |
90,74,000 |
7 | Standard VII |
2024-2025, |
110 |
Annual fee
:69,800 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,19,800 |
76,78,000 |
8 | Standard VIII |
2024-2025, |
69 |
Annual fee
:76,200 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,26,200 |
52,57,800 |
9 | Standard IX |
2024-2025, |
68 |
Annual fee
:76,200 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,26,200 |
51,81,600 |
10 | Standard X |
2024-2025, |
39 |
Annual fee
:76,200 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,26,200 |
29,71,800 |
11 | Standard XI (Science Stream) |
2024-2025, |
20 |
Annual fee
:88,000 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,38,000 |
17,60,000 |
12 | Standard XI (Arts Stream) |
2024-2025, |
20 |
Annual fee
:83,500 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,33,500 |
16,70,000 |
13 | Standard XI (Commerce Stream) |
2024-2025, |
20 |
Annual fee
:83,500 One time fee from new student only :40,000 Refundable Fee : 10,000 Total fee :1,33,500 |
16,70,000 |
14 | Standard XII (Science Stream) |
2024-2025, |
5 |
Annual fee
:88,000 One time fee from new student only :10,000 Refundable Fee : 40,000 Total fee :1,38,000 |
4,40,000 |
15 | Standard XII (Arts Stream) |
2024-2025, |
4 |
Annual fee
:83,500 One time fee from new student only :10,000 Refundable Fee : 40,000 Total fee :1,33,500 |
3,34,000 |
16 | Standard XII (Commerce Stream) |
2024-2025, |
6 |
Annual fee
:83,500 One time fee from new student only :10,000 Refundable Fee : 40,000 Total fee :1,33,500 |
5,01,000 |
17 | Nursery or Equivalent |
2024-2025, |
15 |
Annual fee
:62,400 One time fee from new student only :10,000 Refundable Fee : 40,000 Total fee :1,12,400 |
9,36,000 |
18 | LKG or Equivalent |
2024-2025, |
35 |
Annual fee
:62,400 One time fee from new student only :10,000 Refundable Fee : 40,000 Total fee :1,12,400 |
21,84,000 |
19 | UKG or Equivalent |
2024-2025, |
55 |
Annual fee
:62,400 One time fee from new student only :10,000 Refundable Fee : 40,000 Total fee :1,12,400 |
34,32,000 |
FRC examined the proposal and replies to the queries placed to the school and found the following:
1. The estimated legal fees & professional fees amounting to Rs.39.10 Lakhs appears to be unjustified and inappropriate.
2. The projected interest expenditure amounting to Rs.110.00 Lakhs appears to be inflated in comparision to the expenses of last few years and projected loan.
3. The projected salary expenditure of Rs.4.38 Cr. appears to be inflated by about Rs.50.00 Lakhs, even after calculation of 15% increase per annum from 2022-23 onwards.
Keeping in view of the above the FRC has decided to enhance the fees structure of the year 2024-25 by 6% only in comparision to the fees structure of year 2023-24. This also justifies on the ground that the projected fee collection, after deduction, will be in and around the projected income shown in the proposed budget of 2024-25.