VIGNAN'S INSTITUTE OF INFORMATION TECHNOLOGY (A) :: VISAKHAPATNAM

Budget proposal for the FY 2024-25 (01.04.2024 - 31.03.2025)

PROPOSED EXPENDITURE

Sl.No Cost Element MBA TOTAL

1 STAFF PAYMENTS & BENEFITS
1.1 Salaries - Teaching staff 7500000 7500000
1.2 Salaries - Non teaching staff 240000 240000
1.3 Incentives to staff
1.4 Staff refreshment Exp 50000 50000
1.5 Gifts to staff members
1.6 Employer PF Contribution 259200 259200
1.7 ESI Contribution
1.8 Bus fare Contribution
1.9 Staff recruitment charges 20000 20000
1.10 Staff medical expenses 20000 20000
1.11 Staff Insurance 10000 10000
1.12 Exam remuneration 160000 160000
1.13 Professional Societies Membership 0
1.14 Any other (Please specify) 0 0
Sub total 8259200 8259200
2 ACADEMIC EXPENSES
2.1 Staff Induction Programme Expenses 0 0
2.2 Staff Training Expenses (FDP) 140000 140000
2.3 Organization of Workshops/Seminars/Conferences 300000 300000
2.4 Participation in Seminar / Workshop / Conferences 0 0
2.5 Laboratory Operations (Consumables/Chemicals) 60000 60000
2.6 Industrial Visit/Field/ Participation Expenses 40000 40000
2.7 Internship Expenses 0 0
2.8 Payment to visiting faculty/Guest lecturers 20000 20000
2.9 Staff Academic Awards 0 0
2.10 NAAC and NBA or any other accreditations 50000 50000
2.11 NPTEL and other sponsored courses/certifications 0 0
2.12 Library recurring expenditure such as periodicals & E-Resources like J-Gate, IEEE 50000 50000
Sub total 660000 660000
3 RESEARCH & DEVELOPMENT EXPENSES
3.1 Incentives for Sponsored research projects 20,000 20,000
3.2 Staff Research Awards (Incentives)
3.30 R & D Library Books & online Journals - -
3.4 Seed money for faculty 15,000 15,000
3.5 Guest Lectures 15000 15000
Sub total 50000 50000
4 ADMISSION EXPENSES
4.1 Advertisement Expenses 5000 5000
4.2 Incentives and other expenses 0 0
Sub total -5000 -5000
5 EXAMINATION EXPENSES
5.1 Remunaration to paper setters, examiners etc. 50,000 50,000
5.2 Stationery and other Examination expenses 50,000 50,000
5.3 Annual Maintenance of software (If, any) - -
 Sub total -100000 -100000
6 STUDENT WELFARE/DEVELOPMENT EXPENSES
6.1 Institute Functions & Celebrations 50000 50000
6.2 Accident Group Insurance Premium 10000 10000
6.3 Student Merit cum Means Scholarships 10000 10000
6.4 Sports expenditure 0 0
6.5 NPTEL and other sponsored courses/certifications 0 0
6.6 NSS and extension activities 10000 10000
Sub total 80000 80000
7 TRAINING & PLACEMENTS EXPENSES
7.1 Training Expenses 0 0
7.2 Organization of Placement Drives 20000 20000
Sub total 20000 20000
8 ADMINISTRATIVE & GENERAL EXPENSES
8.1 Apex body meetings and remunerations 0 0
8.2 JNTU-GV, Affiliation, UCS and Autonomous Fees 0 0
8.3 Electricity charges 0 0
8.4 Guest house expenditure 0 0
8.5 Hospitality expenses 0 0
8.6 ID card expenditure 0 0
8.7 Labour Charges 0 0
8.8 Legal expenses 0 0
8.9 lnternet charges 0 0
8.10 Postage & courier charges 0 0
8.11 Printing & Stationary 0 0
8.12 Rental charges 0 0
8.13 Security/Man power charges 0 0
8.14 Rates, Taxes and licenses 0 0
8.15 Telephone charges 0 0
8.16 Transport charges 0 0
8.17 Travelling & Accomodation Expenses 0 0
8.18 IQAC Expenses Campus Quality Initiatives, Consultancy payments 0 0
8.19 Donations to festivals and puja expenses 0 0
8.20 Inauguration and Parent Felicitation Expenditure 0 0
8.21 Building Insurance 0 0
Sub total 0 0
9 REPAIRS & MAINTENANCE
9.1 Computer / Peripherals & Printers 12000 12000
9.2 Furniture, Fixtures and Fittings 0 0
9.3 Office/Lab Equipment maintenance 0 0
9.4 Repairs to AC Equipment 0 0
9.5 Generator operations 0 0
9.6 Electrical Maintenance 0 0
9.7 Server maintanance/Web domain charges 0 0
9.8 Vehicles maintanance & Running exp 0 0
9.9 Building maintanance 0 0
9.10 Play ground maintenance 0 0
9.11 Campus maintenance 0 0
Sub total 12000 12000
10 FINANCE COSTS - TO BE FILLED BY CITY OFFICE
10.1 Interest on loans 0 0
10.2 Loan processing charges 0 0
10.3 Bank charges 0 0
Sub total 0 0
Total Recurring Expenditure 0 0
11 NON RECURRING EXPENDITURE/ASSETS
11.1 Lab Improvements 0 0
11.2 New lab establishments 0 0
11.3 Computer Equipment 0 0
11.4 Library Books 0 0
11.5 Computers & Periperals 0 0
11.6 Computer Software 0 0
11.7 Audio /Visual Systems 0 0
11.8 Furniture & Fittings 0 0
11.9 Sports Equipment 0 0
11.10 Air Conditioners 0 0
11.11 Generator, Transformer, Telephone & UPS equipment 0 0
11.12 Any additions - electrical, bores, buildings, Vehicles etc., 0 0
Total Non Recurring Expenditure 0 0
Total Expenditure 9186200 9186200
PROJECTED INCOME

Sl.No Projected Income Element MBA TOTAL

1 Tuition Fees 12,233,200 12,233,200

2 Consultancy Fees
3 Interest Receivable
4 Miscellaneous/Other Income
Project fee collection from students- (127@4000) 508,000 508,000
CRT Fee 600,000 600,000
Exam fee collection fron strdents 771,000 771,000
Total Income 14,112,200 14,112,200
Income-Expenditure