2 181-2 TABLE OF CONTENTS PAGE I. SUMMARY II. SERIVE DESCRIPTION & APPLICATION III. MARKET STUDY AND SERVICE CAPACITY A. MARKET STUDY B. SERVICE CAPACITY & PROGRAMME IV. MATERIALS AND INPUTS A. RAW MATERIALS B. UTILITIES V. TECHNOLOGY & ENGINEERING A. TECHNOLOGY B. ENGINEERING VI. MANPOWER & TRAINING REQUIREMENT A. MANPOWER REQUIREMENT B. TRAINING REQUIREMENT VII. FINANCIAL ANLYSIS A. TOTAL INITIAL INVESTMENT COST B. OPERATING COST C. FINANCIAL EVALUATION D. ECONOMIC BENEFITS
3 181-3 I. SUMMARY This profile envisages the establishment of a kindergarten with a capacity of 1,800 children per annum. The present demand for the proposed service is estimated at 1,551 school sections per annum. The demand is expected to reach at 2,186 school sections by the year The total investment requirement is estimated at Birr 9.49 million, out of which Birr thousand is required for equipment. The service will create employment opportunities for 79 persons. The project is financially viable with an internal rate of return (IRR) of % and a net present value (NPV) of Birr 4.46 million, discounted at 8.5 %. II. SERVICE DESCRIPTION AND APPLICATION Kindergarten is a form of pre-school education in which children aged three to seven are taught through creative play, social interaction, and natural expression. Play is a significant aspect of a kindergarten employing games, songs, specially chosen work materials, and stories to address the needs of small children. It is aimed at growing children in a free atmosphere away from home. Accordingly it is some times called children s garden. It serves as a transitional stage from home to the more formal schooling that followed. In class, they are introduced to the alphabet, numbers, and colors; they study their bodies, their families, and their communities; they listen to stories read aloud; they make art projects; they participate in skits and dramatic productions; and they learn about holidays, plants, animals, and other topics in science and social studies. Some kindergartens also teach introductory reading and mathematical skills.
4 181-4 III. MARKET STUDY AND SERVICE CAPACITY A. MARKET STUDY 1. Current Number of Schools and Types of Operators Current education service providers in the city are many and varied including government, private sector, local communities, foreign communities, Non Governmental Organizations (NOGs), churches, mosques, and missionaries. There were 368 Kindergarten school facilities in the city operated by these providers in 2004/2005. As can be seen from the Table 3.1 the private sector is the dominant sector in the ownership of kindergarten schools in the City owning and operating 70.7% of the number of education facilities in the city at kindergarten level. Next to the private sector is communities owning and operating 14.9% and missionaries 7.3%. The role of the government is extremely limited owning only 1.6% of the school facilities in the City. It should be noted also that there are no kindergarten schools operated by foreign communities and mosques. Table 3.1 NUMBER OF KINDERGARTEN EDUCATION FACILITIES IN ADDIS ABABA CITY BY TYPES OF OWNERSHIP (2004/2005) Ownership Type Number of Schools KG % Share Government Public(Communities) Private Missionary NGO Church Mosque 0 0 Foreign community 0 0 Total Source: Education Statistics Annual Abstract 2004/05, Addis Ababa Bureau of Education.
5 181-5 The basic reasons the private sector is dominating in KG are that: The governments policy that focuses on providing basic education to all and accordingly the government is not investing in KG, Traditionally in the City and in the country as a whole KG is the domain of the private sector, and Compared with primary and secondary schools, investment required in KG is small, which attracts the private investors with weak financial capacity. 2. Current Enrollment Level School enrolment ratio is one vital indicator that measures performance in education sector. Enrollment at kindergarten level in the city is still very low (see Table 3.2). Table 3.2 SCHOOL ENROLLMENT RATIO AT KINDERGARTEN LEVEL IN ADDIS ABABA (2000/ /2005) Enrollment Ratio Annual Value in % 2000/1 2001/2 2002/3 2004/5 2005/6 Gross enrollment at kindergarten level NA NA NA Net enrollment at kindergarten level NA NA NA 26.3 Source: Education Statistics Annual Abstract 2004/05, Addis Ababa Bureau of Education. As can be referred from Table 3.2, gross enrollment in 2004/5 is 31.8% and net enrollment 26.3%. Access to education at kindergarten level is still very limited in the city. From the total eligible children for kindergarten, about 73.7% (130,415 children) didn't go to school (Table 3.3). This is the demand gap.
6 181-6 Table 3.3 NUMBER OF CHILDREN WITH NO ACCESS TO EDUCATION AND NUMBER OF SCHOOL SECTIONS AND TEACHERS REQUIRED (2004/05) Level of Education Number of Children Additional Additional Number Eligible Number Enrolled Number with No Access Number of Sections Required 1 Number of Teachers Required Kindergarten 176,954 46, ,415 4, 347 4, 347 Source: Education Statistics Annual Abstract 2004/05, Addis Ababa Bureau of Education. Based on the standards of the Ministry of Education with respect to section to student and teacher student ratio it is estimated that 3, 147 additional school sections and 3,347 additional teachers at kindergarten are required to accommodate the needs of those children who currently have no access for education. This does not mean however that the needs of these children would be addressed through commercial service provision since most of the children are from poor families who would not be able to afford to pay school fees and cover other educational expenses for their children. On the other hand it is believed that commercial service providers can also accommodate the partial needs of these children through innovative service provision. 1 It is estimated based on teacher to student ratio and section to student ratio standards acquired from the Addis Ababa Bureau of Education. According to the Bureau the standard ratios at kindergarten level is 1 section for 30 students and one teacher for 30 students; at primary (grade 1-4) level one section for 50 students and one teacher for 50 students; at primary level (grade 5-8) one teacher for 50 students and one section for 50 students; and at secondary level (grade 9-10) one section for 40 students and one teacher for 40 students. Moreover at primary level (grade 1-4) one additional assistant teacher is required for every three sections.
7 Current Demand and Supply Gap Based on the standard parameters acquired from the Addis Ababa Bureau of Education, it can be concluded that there is a supply gap in education service facilities supply in the City to provide education at acceptable level of standard. The supply gap/shortfall is calculated and given under Table 3.4. The analyses indicate that the supply of education facility at kindergarten level is short of the demand by 5.2%. In other words, the city needs additional KG schools that may have 80 sections to achieve the required education quality standard. Table 3.4 SUPPLY GAP IN KINDERGARTEN EDUCATION FACILITIES IN ADDIS ABABA AS OF 2004/2005 Level of education Number of School Sections Supply Shortfall At Present Required In In % Based on the Standard Number KG 1,471 1, Source: Calculated Based on Data Acquired from Ministry of Education and Addis Ababa Bureau of Education. 4. Projected Demand The demand level for schools from KG to primary level for the coming ten years is estimated based the standard established by the Ministry of Education and the City population growth rate. The result is summarized under Table 3.5.
8 181-8 Table 3.5 PROJECTED DEMAND FOR KINDERGARTEN EDUCATION FACILITIES IN ADDIS ABABA FOR THE COMING TEN YEARS Year Demand for School Section in Number 2005/06 1, /07 1, /08 1, /09 1, /10 1, /11 1, /12 1, /13 1, /14 2, /15 2, /16 2, /17 2,186 Source: Calculated Based on Data Acquired from Ministry of Education and Addis Ababa Bureau of Education. As can be referred from Table 3.5, the demand for kindergarten school section will reach 2,186 after ten years. This is a very conservative estimate given the number of children with no access to school as well as the planned annual economic growth rate of 10%. With economic growth and improved in standard of living of the city dwellers the proportion of families who can afford to send their children to a kindergarten will increase which will likely cause an increase in demand for kindergarten school.
9 Fee Service fee depends on the quality and the types of services offered at a kindergarten. Currently the monthly service charges per children vary from Birr 120 per month to Birr 300 per month. The following is the fee structure of three kindergartens that are chosen to represent high standard, medium standard and low standard kindergartens in the City. Hill Side charges Birr 720 per quarter per child and considered as high standard. Ethiopian Institute charges Birr per month per child depending on level and considered as middle standard. Falcon charges Birr 120 per month per child and considered as low standard. B. SERVICE CAPACITY AND PROGRAMME 1. Service Capacity As per the above data of demand projection, the annual demand for kindergarten school is 1,789 in the year 2009/2010 and this demand grows to 2186 in the year 2016/17. According to Addis Ababa Bureau of Education, the standard ratio at kindergarten level is one section for 30 students. Thus, considering the number of sections is 20 in each level, i.e., Nursery, LKG & UKG; the capacity of the envisaged kindergarten is 1,800 children. 2. Service Programme The project is envisaged to operate 10 hours per day for 300 days in a year on a single shift basis. The plant will operate at 60%, 75% and 85% of its full capacity in the first, second and third years, respectively and reaching 100% of its full capacity in the fourth year of operation.
10 Table 3.4 BUILD-UP PROGRAMME OF THE TRAINING OPERATION Year Capacity Utilization (%) No. of Students 1,040 1,350 1,530 1,800 IV. MATERIALS AND INPUT A. RAW MATERIALS The major raw materials required for the envisaged service are sanitary materials (corrosive agent, pesticides, bleaches, detergent, cleansers, polishes, sheet tight fitting mattress made of water proof, etc). Most of the raw materials and inputs required for running of the kindergarten are locally available. The estimated annual raw and auxiliary materials cost at full capacity is about Birr 36,000. The list of raw materials requirement is presented in Table 4.1. Table 4.1 RAW MATERIALS REQUIREMENT AND COST Sr. No. Material Qty. (MT) 1 Sanitary materials 10 2 Sheet & others L.S 3 Teaching materials L.S Total Total Cost ( 000 Birr)
11 B. UTILITIES The utilities required for the envisaged project are electricity and water. The annual required amount of utilities along with cost is shown in Table 4.2. Table 4.2 ANNUAL UTILITY REQUIREMENT AND COST Sr. No. Material Qty. 1 Electricity 8,500 (kwh) 2 Water 6,500 (m 3 ) Total Cost ( 000 Birr) V. TECHNOLOGY AND ENGINEERING A. TECHNOLOGY 1. Process Description In Ethiopia children that will usually attend kindergartens are of age between three and six. The three- year program, known as Nursery, Kindergarten 1(lower kindergarten- LKG) and Kindergarten 2 (upper kindergarten-ukg) prepares children for their first year in primary school education. Kindergarten is considered the first year of formal education, although the child may have gone to preschool. High/Scope Learning is a style of learning that is used in many kindergartens in abroad. This learning style is very interactive and requires a great deal of the children and the teacher.
12 A kindergarten schools shall comprise of the following:. Shall be a full-day program with an option for a four-day or five-day format.. Shall be integrated program that develops spiritual, physical, emotional and social growth.. The classrooms shall have a wide variety of materials that invite the students to engage in learning through play and enhance the subjects that are taught throughout the day.. Systematic instruction shall be provided and progress is monitored through on going assessments with the goal of mastering letter identification; beginning, middle and ending sounds; rhymes and syllables.. Letters shall be taught that can be manipulated to form words.. Students are to be exposed to frequently used words and are given the opportunity to read them through guided reading.. Students shall be taught the formation of letters and numbers as they learn the names and sounds of the letters each week. A wide variety of materials are used to practice the letters after students have traced them on the chalkboard.. Hands on activities, utilizing a wide variety of materials, are used to enhance the math lessons in kindergarten. Math is a program that uses various materials to teach the basic skills of counting, number concepts, patterning, graphing, measuring, weighing, addition and subtraction. The goal is for students to understand and articulate the concepts taught in math.. The scientific method shall be introduced in conjunction with various books about creation.. Students have to be encouraged to hypothesize about clouds, water, rocks, plants, apples. Pumpkins, fish, etc.. Machines and the five senses are two of the favorite themes presented later in the school year and serve to enhance the fun of science experiments.. Students shall be exposed to books, songs, food and activities that teach about friendship, holidays and famous people. These themes are emphasized
13 throughout the calendar years.. Kindergarten students shall attend art, computer, library, music and physical education each week.. Field trips are designed to enhance lessons. Play forms the key note for kindergarten while aiming at optimal development of children. Interesting teacher guided activities like singing, dancing, dramatic play, oral expression, story telling, informal physical education, the morning assembly and the creative sessions expose the child to an entire new world where learning is fun, exciting and something to look forward to. To inculcate in them a sprit of confidence, participation and sportsmanship, the school shall offer a range of indoor and outdoor games. 2. Sources of Technology The machinery and equipment required can be obtained from the following company. BABY STYLE UK LIMITED 36 Charles Street, Sileby, Leicestershire LE 12 7RJ ENGLAND Ph: +44 (0) Fax: + 44 (0) B. ENGINEERING 1. Machinery and Equipment The list of machinery and equipment is given in Table 5.1. The total machinery and equipment cost is estimated at Birr 513,700, which is totally required in local currency.
14 Table 5.1 MACHINERY AND EQUIPMENT REQUIRMENT AND COST Sr. No. Description Qty Out door playing equipment (slides, swings, climbing frames, sand box, play houses, trampolines etc.) Indoor playing equipment (various child educational toys) Children beds and kids bedroom Total cost 7 Set 45,000 L.S 3,500 L.S 10,000- accessories 4 Computers ,000-5 TV & Video set 5 22,500-6 Refrigeration 2 9,000-7 Chairs and tables 1, ,250-8 Teaching materials (Black boards, slides etc.) L.S 17,450- Total 513, Land, Building and Civil Works The envisaged project will require a total land area of 3,500m 2 of which 1,950m 2 is built up area. 150m 2 will be covered by office buildings, 100m 2 by stores, 300m 2 by playing rooms, 600m 2 bed rooms, 800m 2 by class rooms etc. The total cost of building and civil works at a rate of about Birr 2,300 per m 2 will be Birr 4,485,000.. According to the Federal Legislation on the Lease Holding of Urban Land (Proclamation No 272/2002) in principle, urban land permit by lease is on auction or negotiation basis, however, the time and condition of applying the proclamation shall be determined by the concerned regional or city governments depending on the level of development. In Addis Ababa the city s Land Administration And Development Authority is directly responsible in dealing with matters concerning land. Accordingly, the initial land lease rate in Addis Ababa set by the Authority based on the location of land is as shown in Table 5.2.
15 Table 5.2 INITIAL LAND LEASE RATE IN ADDIS ABABA Sr. No Location of the land Land Grade 1 Central Business zones Places that are Under 2 Transit Expansion Zones Initial Price in m Source; Addis Ababa City Land Administration Authority. As can be seen from Table 5.2, the initial land lease rate ranges from Birr 1,167.3 to per m 2. Currently, most of the educational facilities in Addis Ababa are located on the central business zones of the city. Therefore, expansion zones are recommended as the best locations for the project. Accordingly, the average of the land lease rates in the expansion zones which is Birr m 2 is adopted. The Federal Legislation on the Lease Holding of Urban Land legislation has also set the maximum on lease period and the payment of lease prices (see Table 5.3 and Table 5.4).
16 Table 5.3 LEASE PERIOD Lease Period Type of Service ( Years) Residential area 99 Industry 80 Education, cultural research health, sport, NGO and religious 99 Trade 70 Urban Agriculture 15 Other service 70 Table 5.4 LEASE PAYMENT PERIOD Sr. No. Period of Payment According to the Grade of Towns Service Type Private residential are obtained 1 through tender or negotiation years 2 Trade years 3 Industry years 4 Real estate 40 years 5 Urban Agriculture 8-10 years 6 Trade and social service years 7 Others 40 years Moreover, advance payment of lease based on the type of investment ranges from 5% to 10%. For those that pay the entire amount of the lease will receive 0.5% discount from the total lease value and those that pay in installments will be charged interest based on the prevailing interest rate of banks. Moreover, based on the type of investment, two to seven years grace period shall also be provided. The lease price is payable after the grace period annually.
17 Regarding, the terms and conditions of land lease the Addis Ababa City Government have adopted Article 6 of the Federal Legislation with very minimal changes. Therefore, for the purpose of this project profile since the project is engaged in social service, 99 years lease period, 50 years lease payment completion period, 5% down payment and seven years grace period is used. Accordingly, the land lease cost of the project, at rate of Birr per m 2 for 99 years of holding is estimated at Birr million. Assuming 5% of the total cost ( Birr 3.18 ) will be paid in advance as down payment and the remaining Birr million will be paid in equal installments with in 50 years, the annual lease payment is estimated at Birr 1,210,047. VI. MANPOWER & TRAINING REQUIREMENT A. MANPOWER REQUIREMENT The plant will require 79 workers. The annual labour cost is estimated at Birr 729,750. The detail breakdown of manpower requirement and annual salary expense is shown in Table 6.1.
18 Table 6.1 MANPOWER REQUIREMENT AND COST Sr. No. Position Required Salary (Birr) No. Monthly Annual 1 Director 1 3,500 42,000 2 Assistance Director 1 2,800 33,600 3 Unit leader 1 2,400 28,800 4 Accountant 1 1,500 18,000 5 Cashier ,200 6 General Service 8 2,800 33,600 7 Guards 3 1,050 12,600 8 Nurse 1 1,500 18,000 9 Teachers 30 18, , Assistance teachers 30 13, , Driver 2 1,000 12,000 Sub-Total ,800 Employee's Benefits ( 25% of Basic salary) 145,950 Total ,750 B. TRAINING REQUIREMENT It is suggested to train teachers and assistant teachers for a period of three month. The training will be given by one of the institutions available locally. The cost of such training is estimated at Birr 50,000. VII. FINANCIAL ANALYSIS The financial analysis of the kindergarten project is based on the data presented in the previous chapters and the following assumptions:- Construction period Source of finance 1 year 30 % equity
19 % loan Bank interest 8.5% Discount cash flow 8.5% Accounts receivable Raw material local Cash in hand Accounts payable Repair and maintenance 30 days 30 days 5 days 30 days 5% of machinery cost A. TOTAL INITIAL INVESTMENT COST The total investment cost of the project including working capital is estimated at Birr 9.49 million.. The major breakdown of the total initial investment cost is shown in Table 7.1. Sr. No. Table 7.1 INITIAL INVESTMENT COST Cost Items Local Cost Foreign Cost Total Cost 1 Land lease value 3, , Building and Civil Work 4, , Machinery and Equipment Office Furniture and Equipment Vehicle Pre-production Expenditure* Working Capital Total Investment cost 9, , * N.B Pre-production expenditure includes interest during construction ( Birr thousand), training ( Birr 50 thousand) and Birr 100 thousand costs of registration, licensing and formation of the company including legal fees, expenses, etc. commissioning
20 B. OPERATING COST The annual operating cost at full capacity operation is estimated at Birr 1.65 million (see Table 7.2). The major components of the operation cost are financial cost, depreciation and direct labour which account for 28.05%, 24.68% and 21.18% respectively. The remaining % is the share of material and inputs, utility, labour overhead, repair and maintenance and administration cost. Table 7.2 ANNUAL PRODUCTION COST AT FULL CAPACITY ('000 BIRR) Items Cost % Material and Inputs Utilities Maintenance and repair Labour direct Labour overheads Administration Costs Land Lease Cost - - Total Operating Costs Depreciation Cost of Finance Total Production Cost 1, C. FINANCIAL EVALUATION 1. Profitability Based on the projected profit and loss statement, the project will generate a profit through out its operation life. Annual net profit after tax will grow from Birr thousand to Birr 1.33 million during the life of the project. Moreover, at the end of the project life the accumulated cash flow amounts to Birr million.
21 Ratios In financial analysis financial ratios and efficiency ratios are used as an index or yard stick for evaluating the financial position of a firm. It is also an indicator for the strength and weakness of the firm or a project. Using the year-end balance sheet figures and other relevant data, the most important ratios such as return on sales which is computed by dividing net income by revenue, return on assets ( operating income divided by assets), return on equity ( net profit divided by equity) and return on total investment ( net profit plus interest divided by total investment) has been carried out over the period of the project life and all the results are found to be satisfactory. 4. Break-even Analysis The break-even analysis establishes a relationship between operation costs and revenues. It indicates the level at which costs and revenue are in equilibrium. To this end, the break-even point of the project including cost of finance when it starts to operate at full capacity ( year 3) is estimated by using income statement projection. BE = Fixed Cost = 28 % Sales Variable Cost 4. Payback Period The pay back period, also called pay off period is defined as the period required to recover the original investment outlay through the accumulated net cash flows earned by the project. Accordingly, based on the projected cash flow it is estimated that the project s initial investment will be fully recovered within 5 years.
22 Internal Rate of Return The internal rate of return (IRR) is the annualized effective compounded return rate that can be earned on the invested capital, i.e., the yield on the investment. Put another way, the internal rate of return for an investment is the discount rate that makes the net present value of the investment's income stream total to zero. It is an indicator of the efficiency or quality of an investment. A project is a good investment proposition if its IRR is greater than the rate of return that could be earned by alternate investments or putting the money in a bank account. Accordingly, the IRR of this project is computed to be % indicating the viability of the project. 6. Net Present Value Net present value (NPV) is defined as the total present ( discounted) value of a time series of cash flows. NPV aggregates cash flows that occur during different periods of time during the life of a project in to a common measuring unit i.e. present value. It is a standard method for using the time value of money to appraise long-term projects. NPV is an indicator of how much value an investment or project adds to the capital invested. In principal a project is accepted if the NPV is non-negative. Accordingly, the net present value of the project at 8.5% discount rate is found to be Birr 4.46 million which is acceptable. D. ECONOMIC BENEFITS The project can create employment for 79 persons. In addition to supply of the domestic needs, the project will generate Birr 2.84 million in terms of tax revenue.
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Consolidated Financial Statements (For the fiscal year ended ) Consolidated Balance Sheets Current assets: Cash and deposits Other Assets Notes receivable, accounts receivable from completed construction
Page 1 of 8 Section 1. Purpose These Rules and Regulations are adopted by the Board of Governors pursuant to Article 13.3. of the Agreement Establishing the Black Sea Trade and Development Bank (Establishing
All you need to know about the Seniors Money Lifetime Loan Information for you, your family and your advisers 1 Contents This brochure from Ireland s only specialist Lifetime Mortgage provider highlights
ACCT 265 Chapter 10 Review This chapter deals with the accounting for Property Plant & Equipment (PPE) or Capital Assets. When recording cost of PPE, the price of the asset is not the only cost recorded
Chapter 4: Liquor Store Business Valuation In this section, we will utilize three approaches to valuing a liquor store. These approaches are the: (1) cost (asset based), (2) market, and (3) income approach.
DEBT FUNDING GUIDELINES FOR LOCAL GOVERNMENT The Context Local government financial statements, like those of other sectors of government and the corporate sector, include many items of considerable financial
10 The key tools of farm business analyses This chapter explains the benefits of accurately documenting farm assets and liabilities, as well as farm costs and income, to monitor the business performance
Quarterly Employment Survey: September 2011 quarter Embargoed until 10:45am 01 November 2011 Key facts This is the first quarter in which the Quarterly Employment Survey has seasonally adjusted employment
LOAN APPLICATION Name of Business (Legal Name): Business Phone: Federal Tax ID #: Fax: Principals Name: Phone: Social Security #: Type of Business Sole Proprietorship Corporation Partnership Date Established
Condensed Interim Consolidated Financial Statements (Unaudited) (in thousands of United States dollars) Condensed Interim Consolidated Statements of Financial Position (in thousands of United States dollars)
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II. TOMATO CANNING This exercise is intended to introduce a new user to the basic concepts and procedures of COMFAR III Expert. Only financial analysis is performed. Data are kept to a minimum to concentrate
Export Business Plan Guide Table of Contents Introduction... 4 SECTION 01: CURRENT SITUATION ANALYSIS... 5 Company Overview... 5 Availability of Resources... 6 SWOT Analysis... 9 SECTION 02: MARKET ANALYSIS...
Financial Modeling & Forecasting Jason MacMorran www.pncpa.com Presentation Outline I. Introduction and Learning Objectives II. Definitions and Standards Overview III. Uses for Financial Models IV. Basics
Acceptance Guidelines Parish Nursing Ministries UK: Introductory Course. If accepted, all applicants are treated as participants attending a five day training course followed by submission of a portfolio
Financial Statements with Independent Auditors Reports Thereon June 30, 2015 CONTENTS Page Management s Discussion and Analysis 1 6 Report of Independent Auditors on Basic Financial Statements and Supplementary
APPROVED by Resolution No. 10 of 10 December 2003 of the Standards Board of the Public Establishment the Institute of Accounting of the Republic of Lithuania 16 BUSINESS ACCOUNTING STANDARD CONSOLIDATED
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University of Kentucky Debt Policy Purpose To fulfill its mission, the University of Kentucky must make ongoing strategic capital investments in academic, student life, healthcare, and other plant facilities
Chapter 38 Appraising Income Property INTRODUCTION The income appraisal approach estimates the current market value for a real property by projecting and analyzing the income that the property could generate.
Unit 5 This unit focuses on sequencing. These extension Unit Objectives activities give the children practice with sequencing beginning, middle, and end. As the learn to name family members and rooms children
NON-PROFIT Page No. NP - 1 SAMPLE OF AUDIT REPORT NON-PROFIT SCHOOL ABC SCHOOL FOR STUDENTS WITH DISABILITIES REPORT OF AUDIT FOR THE FISCAL YEAR ENDED JUNE 30, NON-PROFIT Page No. NP - 2 ABC SCHOOL FOR
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How Does Money Grow Over Time? Suggested Grade & Mastery Level High School all levels Suggested Time 45-50 minutes Teacher Background Interest refers to the amount you earn on the money you put to work
2003 Annual Survey of Government Employment Methodology The U.S. Census Bureau sponsors and conducts this annual survey of state and local governments as authorized by Title 13, United States Code, Section