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PRASANNA JYOTHI A home for homeless girls. Presentation of Budget 2009-10. A LOOK AT ASHA’S FUNDING 2008-09. Apr to Sep 08: US$3450 = 144,900 INR (Based on currency XE on May 1, 2008: US$1= 42 INR) Oct 08 to Mar 09: US$1670 = 81,830 INR
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PRASANNA JYOTHIA home for homeless girls Presentation of Budget 2009-10
A LOOK AT ASHA’S FUNDING 2008-09 Apr to Sep 08: US$3450 = 144,900 INR (Based on currency XE on May 1, 2008: US$1= 42 INR) Oct 08 to Mar 09: US$1670 = 81,830 INR (Based on currency XE on Nov 1, 2008: US$1= 49 INR Total disbursed in USD = $5120 Total disbursed in INR = 226, 730 Rps* (*note: some bank transactional fees are involved so the final amount reflected in PJ accounts is 226,279 Rps) Actual educational expenses = 187,109 Rps
REQUEST FOR INCREASE IN CONTRIBUTION • There has been no change in sponsorship rate of $20/month in 9 years, however, educational expenses have increased significantly from 154,000 Rps (2000-2001) to 363,000 Rps (2009-10). • In particular, this year, due to the change of school, the educational expenses have increased significantly. • Requested increase of $5/month, giving a new rate of $25/month for the period Apr 09-Mar 10. • New total = $25 x 12months x 22 children = $6,600 ≈ 328,614 INR which will cover approx. 90% of their educational expenses.