|
|
Financial Details
In the originally approved budget:
- 87% of the project costs are for the community's
expenses
- Overhead costs are very low because of the envisioned contributions
(of at least US$ 10,000) from SEBS volunteers and the communities
of the program areas
- 49.9% of the estimated total
expenses are allocated for materials and equipment purchases, 21%
for scholarships and civic drives, 12.7% go towards
personnel costs, 6.3% for general administration/overhead,
6.0% for training courses, 2.7%
for evaluation and information dissemination, 1.5%
for travel costs, and 5.7% is expected as contribution
from other sources.
Click here to view approved budget
Important changes made to the original budget:
- Barabise RCC (reception and library only) constructed using some
funds from the budget allocated for Mahendranagar construction
- 15 readership promoters hired for 3 months instead of only 1 for
a year in each program area
- Information and Communication Officer added using funds for 1 Regional
Assistant, and Administrative Assistant replaced with Program Coordinator
Schedule of Payments and Outputs:
The World Bank releases a preset percentage of the total funds upon
completion of tasks set under each milestone.
| Milestone |
Due
Date |
Output |
Payment |
Percentage
of
Total Funds |
| 1st |
January 31, 2004 |
-Execution
of Agreement
-Provide guarantee
registration information
-Agree with WB on mile-
stones and dates
-Sign grant agreement
contract
|
US$
25,016 |
15% |
| 2nd |
March
31, 2004 |
Milestone
2 Report |
US$
66,708 |
40% |
| 3rd |
May
31,2004 |
|
US$
50,031 |
30% |
| 4th |
November
30, 2004 |
|
US$
25,016 |
15% |
| Final Report |
March 31, 2005 |
|
-- |
-- |
| World Bank liaison officer monitors the progress
of the project. He is sent a progress update and a request for release
of funds for the next milestone. If he is satisfied with the progress,
he recommends the World Bank HQ to release the funds for the next
milestone. |
|
