Shanti School Project (SSP)

Shanti Primary School Construction Project - Funds Accountability Statement

For the period from July 15, 2007 to December 26, 2008

FUNDS RECIEVED

Fund received for the school project: Rs. 2,413,335

Funds were received by Nationwide Scholarship Program in Nepal and transferred through Society of Ex-
Budhanilkantha School Students – North America (SEBS-NA) in the United States. All the funds were
raised and transferred by Santi School Project.

EXPENDITURE

Below is the summary of the project’s expenses:

Item Cost
Land Purchase Rs. 150,000
Engineer’s Design and Supervision Rs. 13,000

Construction Costs
Local Materials – Stone Rs. 220,000
Local Materials – Wood, Hardware, etc. Rs. 536,349
Toilet Construction Rs. 160,950
Materials from Kathmandu Rs. 516,180
Labor Charges Including Porter Charges Rs. 554,665
Transportation Rs. 18,500
Sub Total Rs. 2,006,644

Other Expenses
Teachers Training Rs. 14,820
Classroom and Office Furniture Rs. 154,375
Salary and other expenses Rs.71,175
Books Rs.17795
Sub Total Rs. 258,165

Grant Total Rs. 2,427,809

BALANCE

After, clearing all the balances for the project, the Balance for Santi School Project is a debit Rs. 14,474
Here is how the balance is broken down:

Balance Represented by
Advances Rs. 0
Bank Balances Rs. 5,819
Payable (Bijaya Babu Shiwakoti) (Rs. 8,293)
Payable (SEBS-NSP) (Rs. 12,000)

Grand Total (Rs. 14,474)

SIGNATORIES

Jagadish Bhattarai Bijaya Babu Shiwakoti

Partner Chairperson
MJ Associates, Chartered Accountants Nationwide Scholarship Program
Kathmandu, Nepal Kathmandu, Nepal

Audit Completed on December 27, 2008