Cost and Financing in Open Schooling/Budgeting/Incremental Budgeting/CFOS Unit 7 Exercise 7.1
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<Return to Unit 7 - Incremental Budgeting
EXERCISE 7.1 - Answer Sheet
| Budget Line | Description | Approved Expenditure for Current FY | Estimated Expenditure for Coming FY | Increment (percent) Increase | Factor for Calculation |
|---|---|---|---|---|---|
| 1000 | PERSONNEL EXPENSES (Permanent Staff) | 3,337,000 | 3,445,453 | 3.25% | 1.03 |
| 1500 | TEMPORARY & CONTRACT STAFF | 935,000 | 898,081 | -3.95% | 0.96 |
| 2000 | TRAVEL & TRANSPORT | 349,600 | 335,796 | -3.95% | 0.96 |
| 3000 | SUPPLIES AND SERVICES | 7,632,700 | 7,331,320 | -3.95% | 0.96 |
| 4000 | PREMISES-RELATED EXPENSES | 210,300 | 201,996 | -3.95% | 0.96 |
| 5000 | DEPRECIATION (Buildings & Equipment) | 323,000 | 323,000 | 0.00% | 1.00 |
| 6000 | ADMINISTRATION EXPENSES | 194,900 | 187,204 | -3.95% | 0.96 |
| TOTAL RECURRENT EXPENDITURE | 12,982,500 | 12,722,850 | |||
| GUIDELINE AMOUNT | 12,722,850 | -2.00% | |||
| Calculations: Cells C22 & D22 | 3,660,000 | 3,768,453 | |||
| Calculations: Cells C23, D23 & F23 | 9,322,500 | 8,954,398 | 0.96 |
