RIFFA VIEWS INTERNATIONAL SCHOOL

Budget 2009/2010 School Year

STUDENTS @ TOTALS
Pre & Kindergarten 60 5,600 336,000
Grade 1 - 6 105 7,000 735,000
Facuilty Students 6 -
TOTAL STUDENTS 171 BD 1,071,000

Aug/09 Sep/09 Oct/09 Nov/09 Dec/09 Jan/10

171 171 171 171 171 171 171
Monthly Budget

Tuition Fees - Pre KG & KG 336,000 134,400 - - - - 168,000

Tuition Fees - Grade 1 - 6 735,000 294,000 367,500
Registeration Fees -
Other Income -
TOTAL INCOME 1,071,000 428,400 - - - - 535,500

ISS COST
ISS Overseas Order -Pre-K - 8 Classroom Consumables 108,900 108,900 - - - - -
ISS Stateside Overseas Order Shipping Costs 9,800 9,800 - - - - -
Cost of ISS Supervisory Visits 3,000 - - 1,500 - 750 -
ISS Management 43,601 3,633 3,633 3,633 3,633 3,633 3,633
ISS Locally Incurred Shipment Expenses 5,445 5,445 - - - - -
1 TOTAL ISS COST 170,746 127,778 3,633 5,133 3,633 4,383 3,633

PROGRAM COST
Accreditation 2,300 192 192 192 192 192 192
Standardized Testing 1,900 950 - - - - 950
Curriculum Internet Resources 2,400 200 200 200 200 200 200
After School Activities 1,125 94 94 94 94 94 94
Classroom Stationery & Materials 10,000 5,000 - - - - 5,000
Photocopier Running Cost 3,000 250 250 250 250 250 250
Nurse Room Supplies 400 200 - - - - 200
Transport Cost - Field Trips 1,200 100 100 100 100 100 100
Classroom Computer Consumables 5,000 417 417 417 417 417 417
General School Supplies 5,000 417 417 417 417 417 417
2 TOTAL PROGRAM COST 32,325 7,819 1,669 1,669 1,669 1,669 7,819

PAYROLL
Director 44,183 3,682 3,682 3,682 3,682 3,682 3,682
FH Teachers + Principal (ISS Payment) 204,407 17,034 17,034 17,034 17,034 17,034 17,034
FH Teachers + Principal (RVIS Payment) 58,605 4,884 4,884 4,884 4,884 4,884 4,884
LH Teachers 113,904 9,492 9,492 9,492 9,492 9,492 9,492
Business Manager 9,500 792 792 792 792 792 792
Paraprofessionals & Substitute Teachers 23,880 1,990 1,990 1,990 1,990 1,990 1,990
Clerical Staff 9,301 775 775 775 775 775 775
Admin Assistants 55,507 4,626 4,626 4,626 4,626 4,626 4,626
 IT Network Specialist 7,794 650 650 650 650 650 650
Nurse 9,360 780 780 780 780 780 780
Swimming Teacher 4,968 414 414 414 414 414 414
Swimming Assistant 3,600 300 300 300 300 300 300
TOTAL PAYROLL 545,009 45,417 45,417 45,417 45,417 45,417 45,417

BENEFITS
Foreign Service Premium (25% ) 65,753 5,479 5,479 5,479 5,479 5,479 5,479
Benefits Package (35%) 107,518 8,960 8,960 8,960 8,960 8,960 8,960
TOTAL BENEFITS 173,271 14,439 14,439 14,439 14,439 14,439 14,439

ALLOWANCES
Annual Air Fare 18,750 9,375 - - - - -
Director Housing Rent 21,600 1,800 1,800 1,800 1,800 1,800 1,800
Director Housing Utilities 700 58 58 58 58 58 58
Potable Water 350
Electricity 350
Teacher Housing 228,000 - - 57,000 - - 57,000
Teacher Housing Utilities 3,648 304 304 304 304 304 304
Potable Water 1,728
Electricity 1,920
TOTAL ALLOWANCES 272,698 11,537 2,162 59,162 2,162 2,162 59,162

NEW OVERSEAS EMPLOYEE RELOCATION

(Relocation, Personal Effects Shipment, Pre employment) 19,950 - - - - - -
Initial Airfare 3,454 - - - - - -
TOTAL NEW OS EMPLOYEE RELOCATION 23,404 - - - - - -

PROFESSIONAL DEVELOPMENT
Teacher Contractual PD Allowance 9,750 813 813 813 813 813 813
Administrator Conference Attendance 3,800 317 317 317 317 317 317
Administrative Assistants 1,100 92 92 92 92 92 92
Whole School In-service 4,500 375 375 375 375 375 375
Support Staff 800 67 67 67 67 67 67
TOTAL PROFESSIONAL DEVELOPMENT 19,950 1,663 1,663 1,663 1,663 1,663 1,663

3 TOTAL PAYROLL & OTHER BENEFITS 1,034,331 73,056 63,681 120,681 63,681 63,681 120,681

OVERHEAD COSTS
Student Advertising/Promotions 2,625 219 219 219 219 219 219
Faculty Recruitment - Travel, Advertising & Marketing 9,800 817 817 817 817 817 817
Dalkia Contract-School 180,000 15,000 15,000 15,000 15,000 15,000 15,000
Dalkia Contract- Faculty Villas 4,560 380 380 380 380 380 380
IT Support Contracts 28,350 2,363 2,363 2,363 2,363 2,363 2,363
Acropolis 20,400 1,700 1,700 1,700 1,700 1,700 1,700
Cisco 1,950 163 163 163 163 163 163
Care & Power 6,000 500 500 500 500 500 500
Motor Vehicles Expenses 2,200 183 183 183 183 183 183
Repairs & Maintenance - Office Machines 1,200 100 100 100 100 100 100
Communication 4,000 333 333 333 333 333 333
Internet Connection 18,000 1,500 1,500 1,500 1,500 1,500 1,500
 School Web Site Hosting & Software License 7,400 1,400 - - - - -
Campus Utilities 57,866 4,822 4,822 4,822 4,822 4,822 4,822
Potable Water 2,196 183 183 183 183 183 183
Electricity 47,470 3,956 3,956 3,956 3,956 3,956 3,956
Campus Irrigation 8,200 683 683 683 683 683 683
Insurance (General) 9,000 9,000 - - - - -
Professional Memberships & Subscriptions 2,500 208 208 208 208 208 208
Employee Government Fees 40,000 3,333 3,333 3,333 3,333 3,333 3,333
General Office Expenses 2,000 167 167 167 167 167 167
IT Software / Hardware 7,500 625 625 625 625 625 625
Faculty & Staff Events 3,800 - 1,000 - - 1,000 -
Faculty Lunch Room Food & Supplies 1,450 121 121 121 121 121 121
Director Entertainment & Gifts 400 100 - - 100 - -
Board Refreshments 400 - 100 - - 100 -
Transport Cost - Faculty & Staff 500 - 100 - - 200 -
Contingency & Other Expenses 15,000 1,250 1,250 1,250 1,250 1,250 1,250
4 TOTAL OVERHEAD COSTS 398,551 41,921 32,621 31,421 31,521 32,721 31,421

TOTAL COSTS 1,635,953 250,575 101,605 158,905 100,505 102,455 163,555

DEPRECIATION
Student Advertising/Promotions - - - - - -
Faculty Recruitment - Travel, Advertising & Marketing - - - - - -
5 TOTAL DEPRECIATION - - - - - - -

SURPLUS/DEFICIT (564,953) 177,825 (101,605) (158,905) (100,505) (102,455) 371,945

2008/2009
Balance BoP 75,000 252,825 151,221 (7,684) (108,188) (210,643)
Change in Cash 177,825 (101,605) (158,905) (100,505) (102,455) 371,945
Balance EoP 75,000 252,825 151,221 (7,684) (108,188) (210,643) 161,303
Tuesday, October 13, 2009 Last Update

Note: Faculty Students 6

Tuition Schedule:
Tuition Fees/Grade
Pre-K & K 5600
Gr. 1 - Gr. 6 7000
 ALL AMOUNTS IN BD

Feb/10 Mar/10 Apr/10 May/10 Jun/10 Jul/10

171 171 171 171 171 171

- - - - 33,600 -
73,500

- - - - 107,100 -

- - - - - -
- - - - - -
- 750 - - - -
3,633 3,633 3,633 3,633 3,633 3,633
- - - - - -
3,633 4,383 3,633 3,633 3,633 3,633

192 192 192 192 192 192

- - - - - -
200 200 200 200 200 200
94 94 94 94 94 94
- - - - - -
250 250 250 250 250 250
- - - - - -
100 100 100 100 100 100
417 417 417 417 417 417
417 417 417 417 417 417
1,669 1,669 1,669 1,669 1,669 1,669

3,682 3,682 3,682 3,682 3,682 3,682

17,034 17,034 17,034 17,034 17,034 17,034
4,884 4,884 4,884 4,884 4,884 4,884
9,492 9,492 9,492 9,492 9,492 9,492
792 792 792 792 792 792
1,990 1,990 1,990 1,990 1,990 1,990
775 775 775 775 775 775
4,626 4,626 4,626 4,626 4,626 4,626
 650 650 650 650 650 650
780 780 780 780 780 780
414 414 414 414 414 414
300 300 300 300 300 300
45,417 45,417 45,417 45,417 45,417 45,417

5,479 5,479 5,479 5,479 5,479 5,479

8,960 8,960 8,960 8,960 8,960 8,960
14,439 14,439 14,439 14,439 14,439 14,439

- - 9,375 - - -
1,800 1,800 1,800 1,800 1,800 1,800
58 58 58 58 58 58

- - 57,000 - - 57,000
304 304 304 304 304 304

2,162 2,162 68,537 2,162 2,162 59,162

- - - - 19,950 -
- - - - 3,454 -
- - - - 23,404 -

813 813 813 813 813 813

317 317 317 317 317 317
92 92 92 92 92 92
375 375 375 375 375 375
67 67 67 67 67 67
1,663 1,663 1,663 1,663 1,663 1,663

63,681 63,681 130,056 63,681 87,085 120,681

219 219 219 219 219 219

817 817 817 817 817 817
15,000 15,000 15,000 15,000 15,000 15,000
380 380 380 380 380 380
2,363 2,363 2,363 2,363 2,363 2,363
1,700 1,700 1,700 1,700 1,700 1,700
163 163 163 163 163 163
500 500 500 500 500 500
183 183 183 183 183 183
100 100 100 100 100 100
333 333 333 333 333 333
1,500 1,500 1,500 1,500 1,500 1,500
 - - - - 6,000 -
4,822 4,822 4,822 4,822 4,822 4,822
183 183 183 183 183 183
3,956 3,956 3,956 3,956 3,956 3,956
683 683 683 683 683 683
- - - - - -
208 208 208 208 208 208
3,333 3,333 3,333 3,333 3,333 3,333
167 167 167 167 167 167
625 625 625 625 625 625
- - - - 1,800 -
121 121 121 121 121 121
100 - - 100 - -
- 100 - - 100 -
- - - - 200 -
1,250 1,250 1,250 1,250 1,250 1,250
31,521 31,521 31,421 31,521 39,521 31,421

100,505 101,255 166,780 100,505 131,909 157,405

- - - - - -
- - - - - -
- - - - - -

(100,505) (101,255) (166,780) (100,505) (24,809) (157,405)

161,303 60,798 (40,456) (207,236) (307,740) (332,549)

(100,505) (101,255) (166,780) (100,505) (24,809) (157,405)
60,798 (40,456) (207,236) (307,740) (332,549) (489,953)
RIFFA VIEWS INTERNATIONAL SCHOOL
INCOME STATEMENT
ALL AMOUNTS IN BD

ACTUAL ACTUAL ACTUAL PROJECTION

BUDGET ACTUAL FORECAST Aug/09 Sep/09 Oct/09 Nov/09 Dec/09 Jan/10 Feb/10 Mar/10 Apr/10 May/10 Jun/10 Jul/10

No of Students 171 171 171 171 171 171 171 171 171 171 171 171 171 171 171
INCOME Fees Students
Tuition Income - Pre KG & KG BD 5,700 60 336,000 68,400 342,000 34,200 34,200 34,200 34,200 34,200 34,200 34,200 34,200 34,200 34,200
Tuition Income - Grade 1 to 6 BD 7,000 105 735,000 147,000 735,000 73,500 73,500 73,500 73,500 73,500 73,500 73,500 73,500 73,500 73,500
Registration Fee 950 950 450 500
Others - -
TOTAL INCOME 1,071,000 216,350 1,077,950 450 108,200 107,700 107,700 107,700 107,700 107,700 107,700 107,700 107,700 107,700 -

EXPENSES
1 ISS COST
ISS Overseas Order -Pre-K - 8 Classroom Consumables 108,900 113,250 113,250 15,546 93,419 4,285
ISS Stateside Overseas Order Shipping Costs 9,800 5,880 5,880 3,509 - 2,371
Cost of ISS Supervisory Visits 3,000 - - - - -
ISS Management 43,601 10,899 10,899 3,633 3,633 3,633
ISS Locally Incurred Shipment Expenses 5,445 548 548 427 121 -
TOTAL ISS COST 170,746 130,577 130,577 23,115 97,173 10,289 - - - - - - - - -

2 PROGRAM COST
Accreditation 2,300 - - - - -
Standardized Testing 1,900 - - - -
Curriculum Internet Resources 2,400 942 942 - 942
After School Activities 1,125 579 579 - - 579
Classroom Stationery & Materials 10,000 2,453 2,453 1,419 749 285
Photocopier Running Cost 3,000 890 890 - - 890
Nurse Room Supplies 400 131 131 - 131 -
Transport Cost - Field Trips 1,200 - - - - -
Classroom Computer Consumables 5,000 - - - - -
General School Supplies 5,000 262 262 64 198 -
TOTAL PROGRAM COST 32,325 5,256 5,256 1,483 2,019 1,754 - - - - - - - - -

3 PAYROLL & OTHER BENEFIT COSTS

Director 44,183 9,857 9,857 3,286 3,286 3,286
FH Teachers + Principal (ISS Payment) 204,407 53,898 53,898 17,966 17,966 17,966
FH Teachers + Principal (RVIS Payment) 58,605 12,905 12,905 3,604 4,650 4,650
LH Teachers 113,904 28,476 28,476 9,492 9,492 9,492
Business Manager 9,500 2,445 2,445 815 815 815
Paraprofessionals & Substitute Teachers 23,880 5,970 5,970 1,990 1,990 1,990
Clerical Staff 9,301 2,445 2,445 815 815 815
Admin Assistants 55,507 13,877 13,877 4,626 4,626 4,626
IT Network Specialist 7,794 1,949 1,949 650 650 650
Nurse 9,360 2,340 2,340 780 780 780
Swimming Teacher 4,968 - - - - -
Swimming Assistant 3,600 - - - - -
TOTAL PAYROLL 545,009 134,161 134,161 44,023 45,069 45,069 - - - - - - - - -

Benefits
Foreign Service Premium (25% ) 65,753 16,181 16,181 5,394 5,394 5,394
Benefits Package (35%) 107,518 26,096 26,096 8,699 8,699 8,699
Total Benefits 173,271 42,277 42,277 14,092 14,092 14,092 - - - - - - - - -

Allowances
Annual Air Fare 18,750 8,417 8,417 8,417 - -
Director Housing Rent 21,600 5,400 5,400 1,800 1,800 1,800
Director Housing Utilities 700 164 164 164 - -
Potable Water 350 - -
Electricity 350 - -
Teacher Housing 228,000 57,000 57,000 19,000 19,000 19,000
Teacher Housing Utilities 3,648 7,215 7,215 - 331 6,884
RIFFA VIEWS INTERNATIONAL SCHOOL
INCOME STATEMENT
ALL AMOUNTS IN BD

ACTUAL ACTUAL ACTUAL PROJECTION

BUDGET ACTUAL FORECAST Aug/09 Sep/09 Oct/09 Nov/09 Dec/09 Jan/10 Feb/10 Mar/10 Apr/10 May/10 Jun/10 Jul/10

Potable Water 1,728 - -

Electricity 1,920 - -
Total Allowances 272,698 78,196 78,196 29,381 21,131 27,684 - - - - - - - - -

New Overseas Employee Relocation

(Relocation, Personal Effects Shipment, Pre employment, 19,950 - - - - -
Initial Airfare 3,454 - - - - -
TOTAL New Overseas Employee Relocation 23,404 - - - - - - - - - - - - - -

Professional Development
Teacher Contractual PD Allowance 9,750 1,101 1,101 - 496 605
Administrator Conference Attendance 3,800 1,992 1,992 614 375 1,003
Administrative Assistants 1,100 - - - - -
Whole School In-service 4,500 2,234 2,234 447 177 1,610
Support Staff 800 704 704 - 454 250
Total Professional Development 19,950 6,030 6,030 1,061 1,501 3,468 - - - - - - - - -
TOTAL PAYROLL & OTHER BENEFIT COSTS 1,034,331 260,664 260,664 88,557 81,793 90,314 - - - - - - - - -

4 OVERHEAD COSTS
Student Advertising/Promotions 2,625 2,154 2,154 1,929 - 225
Faculty Recruitment - Travel, Advertising & Marketing 9,800 2,800 2,800 600 832 1,369
Dalkia Contract-School 180,000 42,506 42,506 15,530 13,442 13,534
Dalkia Contract- Faculty Villas 4,560 1,140 1,140 380 380 380
IT Support Contracts 28,350 728 728 - - 728
Acropolis (Software Maintenance) 20,400 - - - - -
Cisco (Core Switch Maintenance) 1,950 140 140 - - 140
Care & Power (Data Center Maintenance) 6,000 588 588 - - 588
Motor Vehicles Expenses 2,200 306 306 85 90 131
Repairs & Maintenance - Office Machines 1,200 - - - - -
Communication 4,000 1,204 1,204 - 638 565
Internet Connection 18,000 4,500 4,500 1,500 1,500 1,500
School Web Site Hosting & Software License 7,400 738 738 - - 738
Campus Utilities 57,866 21,918 21,918 6,884 8,562 6,472
Potable Water 2,196 - - - - -
Electricity 47,470 19,415 19,415 6,884 6,059 6,472
Campus Irrigation 8,200 2,503 2,503 - 2,503 -
Insurance (General) 9,000 8,030 8,030 - 8,030 -
Professional Memberships & Subscriptions 2,500 - - - - -
Employee Government Fees 40,000 9,196 9,196 2,722 2,672 3,802
General Office Expenses 2,000 1,521 1,521 1,234 268 19
IT Software / Hardware 7,500 53 53 53 - -
Faculty & Staff Events 3,800 677 677 - - 677
Faculty Lunch Room Food & Supplies 1,450 1,412 1,412 1,308 104 -
Director Entertainment & Gifts 400 - - - - -
Board Refreshments 400 - - - - -
Transport Cost - Faculty & Staff 500 - - - - -
Contingency & Other Expenses 15,000 458 458 254 36 168
TOTAL OVERHEAD COSTS 398,551 121,988 121,988 39,364 45,116 37,508 - - - - - - - - -

TOTAL EXPENSES 1,635,953 518,485 518,485 152,519 226,101 139,865 - - - - - - - - -

DEPRECIATION
- -
- -

TOTAL DEPRECIATION - - - - - - - - - - - - - - -
TOTAL EXPENSES & DEPRECIATION 1,635,953 518,485 518,485 152,519 226,101 139,865 - - - - - - - - -
NET INCOME (564,953) (302,135) 559,465 (152,069) (117,901) (32,165) 107,700 107,700 107,700 107,700 107,700 107,700 107,700 107,700 -
RIFFA VIEWS INTERNATIONAL SCHOOL
BALANCE SHEET

ACTUAL ACTUAL ACTUAL PROJECTION

Jul/09 BUDGET Aug/09 Sep/09 Oct/09 Nov/09 Dec/09 Jan/10 Feb/10 Mar/10 Apr/10 May/10 Jun/10 Jul/10

ASSETS
Cash
AlBaraka Islamic Bank - Account 145,000 113,607 72,304 10,424
Cash on Hand 9,755 6,450 3,450 5,540
Petty Cash 77 190 57 99
TOTAL CASH 154,832 - 120,247 75,811 16,063 - - - - - - - - -

Receivables
Accounts Receivable 7,806 254,200 11,200 2,850
Advances 190 - - -
TOTAL RECEIVABLES 7,996 - 254,200 11,200 2,850 - - - - - - - - -

Fixed Assets
Computer & Related Hardware 20,475 26,915 26,915 26,915
Office Equipment 17,340 17,340 17,340 17,340
Furniture & Fixtures 11,557 11,557 11,557 11,557
School Van 6,720 6,720 6,720 6,720
TOTAL FIXED ASSETS 56,093 - 62,533 62,533 62,533 - - - - - - - - -
TOTAL ASSETS 218,921 - 436,979 149,543 81,446 - - - - - - - - -

LIABILITIES
Accounts Payable 202,720 265,446 231,077 173,661
Book Deposit 3,750 7,300 7,300 7,650
Reimbursement Owed 155 398 86 86
TOTAL CURRENT LIABILITIES 206,625 - 273,144 238,463 181,396 - - - - - - - - -

TOTAL LIABILITIES 206,625 - 273,144 238,463 181,396 - - - - - - - - -

EQUITY
Equity
Net Income 12,296 163,835 (88,919) (99,951)

TOTAL EQUITY 12,296 - 163,835 (88,919) (99,951) - - - - - - - - -

BALANCE - - - - - - - - - - - - - -
RIFFA VIEWS INTERNATIONAL SCHOOL
INCOME STATEMENT
ALL AMOUNTS IN BD

ACTUAL ACTUAL ACTUAL PROJECTION

BUDGET ACTUAL FORECAST Aug/09 Sep/09 Oct/09 Nov/09 Dec/09 Jan/10 Feb/10 Mar/10 Apr/10 May/10 Jun/10 Jul/10

No of Students 171 171 171 171 171 171 171 171 171 171 171 171 171 171 171
INFLOW Fees Students
Tuition Income - Pre KG & KG BD 5,700 60 336,000 158,653 158,653 126,976 29,239 2,438
Tuition Income - Grade 1 to 6 BD 7,000 105 735,000 343,551 343,551 219,673 119,316 4,562
Registration Fee 950 950 450 500
Others - -
TOTAL INFLOW 1,071,000 503,154 503,154 347,099 149,055 7,000 - - - - - - - - -

OUTFLOW
1 ISS COST
ISS Overseas Order -Pre-K - 8 Classroom Consumables 108,900 113,250 113,250 15,546 93,419 4,285
ISS Stateside Overseas Order Shipping Costs 9,800 5,880 5,880 3,509 - 2,371
Cost of ISS Supervisory Visits 3,000 - - - - -
ISS Management 43,601 9,437 9,437 6,292 3,146 -
ISS Locally Incurred Shipment Expenses 5,445 548 548 427 121
TOTAL ISS COST 170,746 129,115 129,115 25,773 96,686 6,656 - - - - - - - - -

2 PROGRAM COST
Accreditation 2,300 - - - - -
Standardized Testing 1,900 - - - -
Curriculum Internet Resources 2,400 942 942 - 942
After School Activities 1,125 579 579 - - 579
Classroom Stationery & Materials 10,000 2,453 2,453 1,419 749 285
Photocopier Running Cost 3,000 - -
Nurse Room Supplies 400 131 131 - 131
Transport Cost - Field Trips 1,200 - - - -
Classroom Computer Consumables 5,000 - -
General School Supplies 5,000 262 262 64 198
TOTAL PROGRAM COST 32,325 4,366 4,366 1,483 2,019 864 - - - - - - - - -

3 PAYROLL & OTHER BENEFIT COSTS

Director 44,183 13,146 13,146 6,575 3,286 3,286
FH Teachers + Principal (ISS Payment) 204,407 71,865 71,865 35,932 17,966 17,966
FH Teachers + Principal (RVIS Payment) 58,605 12,905 12,905 3,604 4,650 4,650
LH Teachers 113,904 18,984 18,984 - 9,492 9,492
Business Manager 9,500 2,445 2,445 815 815 815
Paraprofessionals & Substitute Teachers 23,880 5,970 5,970 - 3,980 1,990
Clerical Staff 9,301 2,405 2,405 775 815 815
Admin Assistants 55,507 9,790 9,790 539 4,626 4,626
IT Network Specialist 7,794 1,949 1,949 650 650 650
Nurse 9,360 1,560 1,560 - 780 780
Swimming Teacher 4,968 - - - - -
Swimming Assistant 3,600 - - - - -
TOTAL PAYROLL 545,009 141,018 141,018 48,890 47,059 45,069 - - - - - - - - -

Benefits
Foreign Service Premium (25% ) 65,753 21,575 22,075 10,787 5,394 5,394 500
Benefits Package (35%) 107,518 34,794 34,794 17,397 8,699 8,699
Total Benefits 173,271 56,369 56,869 28,184 14,092 14,092 500 - - - - - - - -

Allowances
Annual Air Fare 18,750 8,417 8,417 8,417 - -
Director Housing Rent 21,600 5,400 5,400 5,400 - -
Director Housing Utilities 700 164 164 164 - -
Potable Water 350 - -
RIFFA VIEWS INTERNATIONAL SCHOOL
INCOME STATEMENT
ALL AMOUNTS IN BD

ACTUAL ACTUAL ACTUAL PROJECTION

BUDGET ACTUAL FORECAST Aug/09 Sep/09 Oct/09 Nov/09 Dec/09 Jan/10 Feb/10 Mar/10 Apr/10 May/10 Jun/10 Jul/10

Electricity 350 - -
Teacher Housing 228,000 102,443 102,443 49,548 52,849 46
Teacher Housing Utilities 3,648 7,215 7,215 - 331 6,884
Potable Water 1,728 - -
Electricity 1,920 - -
Total Allowances 272,698 123,639 123,639 63,529 53,179 6,930 - - - - - - - - -

New Overseas Employee Relocation

(Relocation, Personal Effects Shipment, Pre employment, 19,950 - - - - -
Initial Airfare 3,454 - - - - -
TOTAL New Overseas Employee Relocation 23,404 - - - - - - - - - - - - - -

Professional Development
Teacher Contractual PD Allowance 9,750 1,101 1,101 - 496 605
Administrator Conference Attendance 3,800 1,992 1,992 614 375 1,003
Administrative Assistants 1,100 - - - - -
Whole School In-service 4,500 2,234 2,234 447 177 1,610
Support Staff 800 704 704 - 454 250
Total Professional Development 19,950 6,030 6,030 1,061 1,501 3,468 - - - - - - - - -
TOTAL PAYROLL & OTHER BENEFIT COSTS 1,034,331 327,055 327,555 141,664 115,832 69,560 500 - - - - - - - -

4 OVERHEAD COSTS
Student Advertising/Promotions 2,625 2,154 2,154 1,929 - 225
Faculty Recruitment - Travel, Advertising & Marketing 9,800 2,800 2,800 600 832 1,369
Dalkia Contract-School 180,000 10,000 10,000 - 10,000 -
Dalkia Contract- Faculty Villas 4,560 1,140 1,140 - 1,140 -
IT Support Contracts 28,350 728 728 - - 728
Acropolis (Software Maintenance) 20,400 - - - - -
Cisco (Core Switch Maintenance) 1,950 140 140 - - 140
Care & Power (Data Center Maintenance) 6,000 588 588 - - 588
Motor Vehicles Expenses 2,200 277 277 85 90 102
Repairs & Maintenance - Office Machines 1,200 - - - - -
Communication 4,000 1,204 1,204 - 638 565
Internet Connection 18,000 3,000 3,000 1,500 1,500
School Web Site Hosting & Software License 7,400 738 738 - - 738
Campus Utilities 57,866 6,884 6,884 - - 6,884
Potable Water 2,196 - - - - -
Electricity 47,470 6,884 6,884 - - 6,884
Campus Irrigation 8,200 - - - - -
Insurance (General) 9,000 8,030 8,030 - 8,030 -
Professional Memberships & Subscriptions 2,500 - - - - -
Employee Government Fees 40,000 11,032 11,032 6,930 300 3,802
General Office Expenses 2,000 1,502 1,502 1,234 268 -
IT Software / Hardware 7,500 53 53 53 - -
Faculty & Staff Events 3,800 677 677 - - 677
Faculty Lunch Room Food & Supplies 1,450 1,412 1,412 1,308 104 -
Director Entertainment & Gifts 400 - - - - -
Board Refreshments 400 - - - - -
Transport Cost - Faculty & Staff 500 - - - - -
Contingency & Other Expenses 15,000 458 458 254 36 168
TOTAL OVERHEAD COSTS 398,551 59,702 59,702 13,893 22,938 22,871 - - - - - - - - -

TOTAL OUTFLOW 1,635,953 520,239 520,739 182,814 237,474 99,951 500 - - - - - - - -

NET CASH FLOW (564,953) (17,085) (17,585) 164,285 (88,419) (92,951) (500) - - - - - - - -
RIFFA VIEWS INTERNATIONAL SCHOOL
INCOME STATEMENT
ALL AMOUNTS IN BD

Reporting Month October 3

YTD MONTHLY
BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE

Number of Students 171 171 - 171 171 -

INCOME BD Students
Tuition Fees - Pre KG & KG 5,600 60 134,400 68,400 (66,000) - 34,200 34,200
Tuition Fees - Grade 1 - 6 7,000 105 294,000 147,000 (147,000) - 73,500 73,500
Registeration - 950 950 - - -
Others - - - - - -
TOTAL INCOME 428,400 216,350 (212,050) - 107,700 107,700

OPERATING COST
Program Costs 11,156 5,256 (5,900) 1,669 1,754 85
Payroll & Benefits 257,419 260,664 3,245 120,681 90,314 (30,368)
Admin and Overhead 96,963 121,988 25,026 31,421 37,508 6,087
ISS Related Costs 136,545 130,577 (5,969) 5,133 10,289 5,156
TOTAL OPERATING COST 502,084 518,485 16,402 158,905 139,865 (19,040)
TOTAL DEPRECIATION - - - - - -
NET INCOME (73,684) (302,135) (228,452) (158,905) (32,165) 126,740
RIFFA VIEWS INTERNATIONAL SCHOOL
BALANCE SHEET
ALL AMOUNTS IN BD

Reporting Month October 3

Jul-09 MONTHLY
ACTUAL BUDGET ACTUAL VARIANCE

ASSET
Cash 154,832 16,063 16,063
Receivables 7,996 2,850 2,850
Fixed Assets 56,093 62,533 62,533
TOTAL ASSET 218,921 - 81,446 81,446

LIABILITIES
Payables 206,625 181,396 181,396
-
-
-
TOTAL LIABILITIES 206,625 - 181,396 181,396

EQUITY
Equity
Income 12,296 (99,951)

TOTAL EQUITY 12,296 - (99,951) (99,951)

RIFFA VIEWS INTERNATIONAL SCHOOL
CASHFLOW
ALL AMOUNTS IN BD

Reporting Month October 3

YTD MONTHLY
BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE

Number of Students 171 171 - 171 171 -

INCOME
Tuition Fees - Pre KG & KG 336,000 158,653 (177,347) - 2,438 2,438
Tuition Fees - Grade 1 - 6 735,000 343,551 (391,449) - 4,562 4,562
Registeration - 950 950 - - -
Others - - - - - -
TOTAL INCOME 1,071,000 503,154 (567,846) - 7,000 7,000

OPERATING COST
Program Costs 32,325 4,366 (27,959) 1,669 864 (805)
Payroll & Benefits 1,034,331 327,055 (707,276) 120,681 69,560 (51,122)
Admin and Overhead 398,551 59,702 (338,848) 31,421 22,871 (8,549)
ISS Related Costs 170,746 129,115 (41,631) 5,133 6,656 1,523
TOTAL OPERATING COST 1,635,953 520,239 (1,115,714) 158,905 99,951 (58,954)
NET CASHFLOW (564,953) (17,085) 547,868 (158,905) (92,951) 65,954

CASH BALANCE
Opening Cash 75,000 75,000 151,221 150,866 (355)
Closing Balance 57,915 57,915 (7,684) 57,915 65,599