The following is May 2024’s financial summary for the project to fund St. Bakhita Foundation Orphanage.
Gift of the Butterfly Funds
- Carried over from Apr 2024: $582.60
- Total Donations Received: $1075.00
- McClain Family Contribution: $500.79
- May Funds Available: $2158.39
St. Bakhita Foundation Funds
- Total Donations Distributed in May: 1884.50 (Includes 500.79 oof McClain Family contribution)
- Remaining Apr Disbursement: $675.87
- St. Bakhita May Funds Available: $2660.37 (Includes $500.79 of McClain Family contribution)
Distributed Donations Paid for*:
- Rent: $366.30
- Utilities: $51.28
- School Fees: $00.00
- Food and Toiletries: $00.00
- Provisions (3 high-school girls): $329.67
- Maintenance: $00.00
- Emergency Medical Bill: $65.93
- Transportation from/to Boarding School: $84.25
- Transportation to University: $00.00
- Transportation to Church: $00.00
- Grooming: $00.00
- Phone Bill: $00.00
- University Tuition for Student #2: $185.32
- University Housing for Students #1 and #2: $353.44
- University Fees for Students #1 and #2: $74.13
- University supplies: $72.26
- Total Disbursed Funds Used: $1583.58
- Remainder: $1076.79
- 31 May 2024 Friends of St. Bakhita Account Balance: $282.60
Outstanding Bills**:
- School Fees: 22/23 Term 1 $923.85
- 22/23 Term 2 $1296.92
- 22/23 Term 3 $1296.92
- 23/24 Term 1 $1,370.73
- 23/24 Term 2 $1,370.73
- 23/24 Term 3 $1,370.73
- Rent: $3846.15 (to meet the three-year lease )
- Medical Bills: $365.38
- Term 3 Supplies and Lunches: $581 (total for 14 girls)
- Term 3 Provisions for high school: $692.30 (total for 6 girls)
- Semester provisions for university: $356 (total for 2 girls)
- Total Outstanding Bills***: $12989.29
Jun Bills***:
- Utilities: $120
- Food and Toiletries $385
- Maintenance Costs $62
- Emergency Fund $13
- Transportation to University $100
- Transportation to Church $35
- Grooming $77
- University Tuition and Fees for University Student #4: $229 (Funds on hand)
- Partial Payment of Debt $1855.61
- Total May Bills $2876.61
Upcoming Additional Expenditures***:
- Apprenticeship/Vocational Fees $195-475 per student depending on the school/program (Funds on hand to begin a program)
August
- University Housing and Provisions: $675
- University Tuition: $1400
- Transport to High School: $30
September
- School fees 24/25 Term 1****: $1350
- Term 1 Supplies and Lunches: $581 (total for 14 girls)
*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 13.0 Ghana Cedi/US dollar.
****Estimated cost for upcoming year. Will update when tuition amounts are announced later in the summer.