Shanti School Project (SSP) Mahakali School Reconstruction Project Fund Accountability Statement

For the period from January 15 to 23th June 2010

FUNDS RECIEVED

Fund received for the school project: NRs. 400,000

Funds were received from Austria through the support of Rabindra Maharjan.

EXPENDITURE

Below is the summary of the project’s expenses:

Item Cost

Roof NRs. 145,093

Labor Charges NRs. 130,708

Sand and Cement NRs. 65,620

Furniture NRs. 58,579

Grant Total NRs. 400,000

BALANCE

All of the funds appropriated for this project was expensed and accounted for.

SIGNATORIES

Jagadish Bhattarai

Partner

MJ Associates, Chartered Accountants

Kathmandu, Nepal

Lila Jung Gurung

Project Coordinator

Santi School Project (SSP)

Kathmandu, Nepal

Audit Completed on June 28, 2010