The following is January 2024’s financial report for the project to fund St. Bakhita Foundation Orphanage.
- Carried over from 2023: $3892.60
- Total Donations Received: $800.00
- McClain Family Contribution: $1046.22
- January Funds Available: $5738.82
- Total Donations Distributed: $5546.22
- Available: $192.60
Distributed Donations Paid for*:
- Rent: $1,464.44
- Utilities: $71.31
- University Tuition: $545.05
- University Housing: $400.67
- University Fees: $116.89
- Secondary Remedial Training: $450.08 (Direct payment from McClains)
- High School Practicals: $33.47
- School Fees: $1,000.00
- Food and Toiletries: $257.51
- Provisions Repayment: $655.01 (includes 546.22 direct payment from McClains)
- Total Disbursed Funds Used: $4,994.43
- Remainder of Disbursed Funds: $551.79 (includes $49.92 of McClain family contribution)
Outstanding Bills**:
- School Fees:
- 21/22 Term 2: $180.67
- 21/22 Term 3: $1,416.81
- 22/23 Term 1: $1,416.81
- 22/23 Term 2: $1,416.81
- 22/23 Term 3: $1,416.81
- 23/24 Term 1: $1,416.81
- 23/24 Term 2: $1,416.81
- Term 2 High School Provisions: $327.73
- Rent:
- $420.17 (to finish paying for a one-year rent)
- $5,462.18 (to meet the three-year lease )
- Total Outstanding Bills***: $14,471.44
Feb Bills***:
- Utilities: $105
- Food and Toiletries: $270
- Apprenticeship/Vocational Fees: $150-475 per student depending on the school/program
*All dollar amounts for paid bills reflect the exchange rate at the time of exchange.
**Outstanding bills are bills that are past due. This includes the three-year advance requirements for housing which is a regular occurrence due to the housing shortage in Accra.
***All dollar amounts for outstanding bills and budgeted costs are calculated at a rate of 11.9 Ghana Cedi/US dollar.