Shristi Updates – September ‘08 New Building Update Other Updates Teacher Salaries

Building Updates Asha Austin sent $5000 to new building construction at Nagarbhavi (June 2008) Construction in progress (ground floor & basement) Tile work for floor starting (1 week to finish) Electrical and plumbing on going Completion in 2-3 wks, target move in is 10/1

Building Updates Initial move will be Administration Partitions still needed for class rooms kids will be accommodated initially Lease is Rs 1000 / year

Building Updates Total 18 lakhs received 8 lakhs remaining May need some funding to finish rooms Future Plans –1 st and 2 nd stories will likely be needed –Will obtain quote from architect

Other Updates Most kids will move to Nagarbhavi –Some transportation difficulties with some of the kids from villages –Autism unit will be set up at campus to address this New urban location will likely see increased demand Need to recruit more people with specific skill sets

TEACHERS SALARIES Previously approved budget (March 2008) Resource cost per month INR DesignationType of Employment 10000Resource TherapistPermanent 10500Resource TherapistPermanent 5750Resource TherapistPermanent 5000Resource TherapistPermanent 4000Resource TherapistPermanent 5000Art TeacherPermanent 1500Music TeacherConsultant 2500AyahPermanent Total Cost per month for all staff salaries = Rs. 42,000 Total Cost per annum for all staff salaries = Rs. 5,01,500 $6,250 disbursed in March - 08

New budget with Salary Increase New Total = Rs 47,500 per month Annual = Rs 570,000

Summary Old Budget : Rs. 501,500 per annum New Budget : Rs. 570,000 per annum Difference: Rs. 68,500 per annum 6 Month amount = Rs 285,000 Rs 45.71/US$