Where does the money come from?
The funds to run the school are donated by individual
sponsors from around the world. All the funds donated
for the school benefit the school directly and only the
school.
Maitreya Project International also supports the school
by assisting with management expenses and capital development.
What does it cost?
Average monthly expenditure for the period 2002-2003
was US$4,000 of which approximately 37% was allocated
to staff salaries. At the current level of expenditure,
the cost to educate each child is around US$120 per year.
Management and Accounting
All aspects of the project are managed in accordance
with Act XXI of 1860 for Literary, Scientific and Charitable
socities in Bihar state, being the act under which the
project is registered. Accounts are audited annually by
Walker Chandiok, New Delhi, operating under the imprimatur
of Grant, Thornton and Byrne (UK). |
