A | B | C | D | |
---|---|---|---|---|
1 | USD | INR | Remarks | |
2 | Total Annual Budget with Adjustment | $733,452 | ₹6,11,23,357 | See below for more on adjustment. |
3 | For more information on these, see our OKRs (www.fwi.fish/goals). | |||
4 | Research & Development (R&D) | $337,982 | ₹2,81,66,233 | This part of the budget primarily consists in funding ~2 studies and ~1 exploratory program on the ground in India, all for the purpose of identifying programs that can be scaled up. |
5 | Personnel Costs | $180,909 | ₹1,50,76,339 | |
6 | Study Implementation Costs | $136,459 | ₹1,13,72,000 | |
7 | AKNU Partnership | $2,546 | ₹2,12,200 | |
8 | Travel | $10,915 | ₹9,09,580 | |
9 | Miscellaneous Department Costs | $2,040 | ₹1,70,000 | |
10 | India Service Contractor #1 Overhead (11.5%) | $5,113 | ₹4,26,114 | |
11 | ||||
12 | Alliance for Responsible Aquaculture (ARA) | $139,069 | ₹1,15,89,488 | This part of the budget consists of paying for the implementation of the program we currently believe is most promising, our Alliance For Responsible Aquaculture (www.fwi.fish/ara). We are investing both in its continued operations as well as in making programmatic improvements to it, although we are not investing as heavily as we could into its expansion as we are also investigating alternative programs. |
13 | Personnel Costs | $99,506 | ₹82,92,488 | |
14 | Office Expenses | $9,768 | ₹8,14,000 | |
15 | Equipment | $6,000 | ₹5,00,000 | |
16 | Transportation | $6,480 | ₹5,40,000 | |
17 | Other and Contingency | $14,795 | ₹12,33,000 | |
18 | India Service Contractor #1 Overhead (11.5%) | $2,520 | ₹2,10,000 | |
19 | ||||
20 | Policy and Stakeholders (P&S) | $53,998 | ₹44,99,975 | This part of the budget consists of our work to a) build a positive policy environment for fishes in India, and b) our collaborations with other stakeholders who may enable us to scale. |
21 | Personnel Costs | $35,175 | ₹29,31,336 | |
22 | Travel & Logistics | $6,240 | ₹5,20,000 | |
23 | Farmer Trainings | $8,880 | ₹7,40,000 | |
24 | Contingency | $2,400 | ₹2,00,000 | |
25 | India Service Contractor #1 Overhead (11.5%) | $1,304 | ₹1,08,639 | |
26 | ||||
27 | India Support | $112,170 | ₹93,47,895 | This part of the budget consists of our administrative work in India, which goes to enable all the programs we run there. |
28 | Personnel Costs | $49,244 | ₹41,03,796 | |
29 | Travel & Logistics | $12,960 | ₹10,80,000 | |
30 | Staff Training & Development | $9,216 | ₹7,68,000 | |
31 | Misc and Contigency | $21,407 | ₹17,84,000 | |
32 | India Service Contractor #1 Overhead (11.5%) | $2,669 | ₹2,22,404 | |
33 | Accounting fees for India | $8,756 | ₹7,29,694 | |
34 | India Service Contractor #2 Overhead (flat fee) | $7,920 | ₹6,60,000 | |
35 | ||||
36 | International | $164,340 | ₹1,36,95,520 | This part of the budget consists partially of our non-India and non-programmatic staff (e.g. Executive Director, Director of Impact and Evaluation, ops and comms staff, etc.). Most of their work is focused on the India project. The Other Expenses primarily include administrative expenses as well as international conference attendance. |
37 | Personnel Costs | $119,040 | ₹99,20,377 | |
38 | Other Expenses and Contigency | $45,300 | ₹37,75,143 | |
39 | ||||
40 | ||||
41 | Other Notes | |||
42 | ||||
43 | Budget Overview | |||
44 | Research & Development (R&D) | $337,982 | ||
45 | Alliance for Responsible Aquaculture (ARA) | $139,069 | ||
46 | Policy and Stakeholders (P&S) | $53,998 | ||
47 | India Support | $112,170 | ||
48 | International | $164,340 | ||
49 | ||||
50 | ||||
51 | ||||
52 | ||||
53 | ||||
54 | ||||
55 | Service Contractor & Accounting Total Fees | $28,281 | These are the fees we pay to enable operations in India. | |
56 | India Service Contractor #1 Rate | 11.5% | ||
57 | Part of year with India Service Contractor #1 | 0.25 | ||
58 | India Service Contractor #1 Overhead (11.5%) | $11,605 | ||
59 | Accounting fees for India | $8,756 | ||
60 | India Service Contractor #2 Overhead (flat fee) | $7,920 | ||
61 | ||||
62 | ||||
63 | Currency Exchange (dynamic) | |||
64 | 1 | 83.3365 | Note that, because this is dynamic, our figures do fluctuate somewhat. | |
65 | USD | INR | ||
66 | ||||
67 | ||||
68 | Error Checks (should be $0) | |||
69 | Total currency difference | $0 | ||
70 | Partial sums USD | $0 | ||
71 | ||||
72 | ||||
73 | Base Rate Adjustment on Budget | 91% | The purpose of this section is to more accurately forecast how much our spend will be in 2024 by understanding what percent of our budget have we spent in years previously. Even though our inside view here is that we will spend X amount, we think it's important to consider the base rate—so we adjust our budget accordingly. Our budget directly informs how much we fundraise, including when we stop fundraising, so we're mindful of trying to get to a predictive figure here. | |
74 | 2023 Budget | $670,000 | ||
75 | 2023 Spend | $721,000 | ||
76 | 2023 Proportion of Spending Budgeted Funds (as of end of Q3) | 108% | ||
77 | ||||
78 | 2022 Budget | $630,000 | ||
79 | 2022 Spend | $493,000 | ||
80 | 2022 Proportion of Spending Budgeted Funds | 78% | ||
81 | ||||
82 | 2021 Budget | $321,000 | ||
83 | 2021 Spend | $278,000 | ||
84 | 2021 Proportion of Spending Budgeted Funds | 87% |