All about Leasing Equipment

Operating Expenses:Per Year
Rent
$125,000

Utilities
$100,000

Office supplies
$25,000

Equipment/lease
$50,000

Transportation and travel
$100,000

Outside consultants
$100,000

Overhead costs
$100,000

Personnel expenses:Annual SalaryNumber of FTEs
Executive director
$100,000
1
Training supervisor
$80,000
1
Trainers
$50,00010
Administrative coordinator
$45,0001
Administrative staff
$25,0003
Employee-related benefit expenses @ 25%
$200,000

•All costs excluding the salary of the executive director and training supervisor will be allocated according to this formula:

o60% to basic skills program
o40% to vocational program

•In year two and thereafter, when the number of eligible high school dropouts increases to 2,000, personnel expenses (excluding executive director and training supervisor) and operation expenses will increase by 50%. Funding will increase accordingly.

Year 1
Basic Vocational Total
Rent ; 75,000 ; 50,000 ; 125,000
Utilities ; 60,000 ; 40,000 ; 100,000
Office supplies ; 15,000 ; 10,000 ; 25,000
Equipment/lease ; 30,000 ; 20,000 ; 50,000
Transportation and travel ; 60,000 ; 40,000 ; 100,000
Outside consultants ; 60,000 ; 40,000 ; 100,000
Overhead costs ; 60,000 ; 40,000 ; 100,000
Subtotal ; 360,000 ; 240,000 ; 600,000
Executive director ; - ; - ; 125,000
Training supervisor ; - ; - ; 100,000
Trainers ; 300,000 ; 200,000 ; 500,000
Administrative coordinator ; 27,000 ; 18,000 ; 45,000
Administrative staff ; 45,000 ; 30,000 ; 75,000
Employee-related benefit expenses ; 93,000 ; 62,000 ; 155,000
Subtotal ; 465,000 ; 310,000 ; 1,000,000
Total ; 825,000 ; 550,000 ; 1,600,000

Year 2
Basic Vocational Total
Rent ; 112,500 ; 75,000 ; 187,500
Utilities ; 90,000 ; 60,000 ; 150,000
Office supplies ; 22,500 ; 15,000 ; 37,500
Equipment/lease ; 45,000 ; 30,000 ; 75,000
Transportation and travel ; 90,000 ; 60,000 ; 150,000
Outside consultants ; 90,000 ; 60,000 ; 150,000
Overhead costs ; 90,000 ; 60,000 ; 150,000
Subtotal ; 540,000 ; 360,000 ; 900,000
Executive director ; - ; - ; 125,000
Training supervisor ; - ; - ; 100,000
Trainers ; 450,000 ; 300,000 ; 750,000
Administrative coordinator ; 40,500 ; 27,000 ; 67,500
Administrative staff ; 67,500 ; 45,000 ; 112,500
Employee-related benefit expenses ; 139,500 ; 93,000 ; 232,500
Subtotal ; 697,500 ; 465,000 ; 1,387,500
Total ; 1,237,500 ; 825,000 ; 2,287,500

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