School Fee Audit
If Principal takes 20 Lakh package and 10 of their subordinates takes 15 Lakh package, it becomes 1.5 Crore Annually. Take 25 Lakhs Annually for other Administrative expenses.
So the total expenses (10 Crore + 60 Lakhs + 20 Lakhs + 1.5 Crore + 25 Lakhs) = 12 Crore 55 Lakhs.
Still a huge income of 17 Crore 45 Lakhs remains unutilized. If the school spends 1 Crore Annually for some construction, still 16 Crore 45 Lakhs remains unutilized. Where does this all money go?
This all calculation is based on just a monthly tuition fees. Imagine the wealth they accumulate taking development fees, annual fees, School bus fees, mandatory stationary and dress.
An audit should be done for all the private schools and Income and Expense report should be published to the masses. more
Must be set right. more
Deficits contribute to unemployment, profits build up dividends and lead to raise in emoluments/salaries/wages etc.
Needless to say that any such business unit MUST be subjected to financial audits, no other way to go. The check-pedal needs to be pressed, if the revenues cross into the profiteering zone.
Having said that, my personal wish would be that some day the educational institutions, right from KG, Primary and Middle Schools upto Colleges/Universities etc. would be moved OUT of residential areas into compasses outside of the cities, where children can breathe fresh air and be physically active, which is an unavoidable factor for their mental growth for which they are sent to the school by their parents.
Woh Din Kabhi Toh Aayega.....!! more
To be re Regulated. more