SPRING DALE SCHOOL

BY LT 04SURAJ KUMAR RUSHALI SINGHSAUMYA TRIPATHIAJAY KUMAR SONIVIBHU VASHISTATANYA CHAUDHARY

MANAGEMENT COST ACCOUNTING

SPRING DALE SCHOOL

INTRODUCTIONThe school was established in the year 1970The founder of the school was Shri B. S. Sood.Spring Dale Institution is affiliated to Council for the Indian School Certificate Examination, New Delhi (ICSE & ISC).Its an English medium school and conduct Class Nursery to Class XII.It has 3 branches in lucknow i.e. Gomti nagar, Indira nagar and Kanpur road

PROBLEM FACED Keeping records of student fees as different fee is charged from different classes and students.Payment details of the school staff as there is different salary, perquites for individual.Government intervention like change in school timings, winter holidays, rise in pay etc.Changes in the method of teaching methods like use of new technology.

Ways to overcomeSchool have started having tie up with banks for the fee collection and for making payments.Use of various accounting software are used to maintain records.Regular training is provided to the teaching and office staff.School keep on updating their working system to meet government norms.

ExpendituresSalary of teaching staff, administration staff.Maintaince and up gradation of school labs like science, computer, sports etc.Training and development session for school staff and students.Organising of various events like school fest, sports day, Annual day etc.

Sources of incomeFees and penalties from the students.Government grantsContract to third party for school cafeteria, stationary houses, parking lots etcDonations Sponsorships Other miscellaneous sources

Sheet1STATEMENT OF OPERATING COST PARTICULARCALCULATIONAMOUNT(YEARLY)

SALARY OF TEACHING STAFFPRIMARY10 TEACHERS @RS 10000 PER MONTH EACH1200000JUNIOR30 TEACHER @ RS 20000 PER MONTH EACH7200000SENIOR20 TEACHERS @RS 30000 PER MONTH EACH7200000SALARY OF MAINTAINCE STAFF10 STAFF @ RS 6000 PER MONTH720000SALARY OF OFFICE STAFF10 STAFF @ RS 15000 PER MONTH1800000CONSUMABLE STORES(DIARY,ID CARDS)200000STATIONARY(EXAMINATION COPY)20000SPORTS AND LIBRARY10000ACTIVITY EXPENSE5000COMPUTER LABS AND VISUAL AIDS10000SCIENCE LABS10000ELECTRICITY BILL120000WATER BILL5000MAINTAINCE EXPENSES10000MEDICAL EXPENSES5000AWARDS AND SCOLARSHIP200000CAREER COUNSELLING EXPENSES10000OTHER EXPENSES10000COMMERCIAL TAXES25000COST18760000PROFIT2000000TOTAL COST20760000NO.OF STUDENT2000COST PER STUDENT PER MONTH865

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