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Table 13. Government mandated employees’ benefits and contributions (10 months
but limited to school share only).
Personnel Salary SSS Pag-ibig PhilHealth 13 th month Total
Head
Teacher/
18,750.00
12,087.00 100.00 2,250.00 15,625.00 30,062.00
Classroom
Teacher
Teacher (1) 13,500.00 10,045.00 100.00 1,625.00 11,250.00 23,020.00
Staff (1) 6,000.00 4,520.00 100.00 1,000.00 5,000.00 10,620.00
Janitor (1) 3,500.00 2,627.00 100.00 1,000.00 2,916.67 6,643.67
Total 70,345.67
Operating expenses. Presented in table 14 is the projected monthly operating
expenses of one school site for a school year. As can be gleaned in table 19, the
projected monthly rental for the building is PhP20,000.00 and the utilities and other
bills (electricity, water, internet connection) is PhP10,000.00. For one school year,
the total would be PhP300,000.00. Thus, the total financial projection to operate a
school in one site offering 2 classes for Pre-Kinder and Kinder would be
PhP847,845.67 (Tables, 12, 13 and 14). This estimate is made with consideration
that the classroom is not air-conditioned and the rental fee is for 12 months because
even during summer break (2 months) the rental fee should be accounted for.
Table 14. Projected monthly operating expenses of one school site for one school
year.
Operating expense Monthly School Year
Rentals 20,000.00 240,000.00
Utilities/Bills 10,000.00 120,000.00
Total 360,000.00
The balance of PhP52,000.00 could still be appropriated to other government
mandated employees’ benefits that cannot be monetized on the first year of
operation, like sick leave which is equivalent to 15 days and convertible to cash at
the end of the year. Moreover, there will still be taxes to be paid to the government
coffers and worst, there will be parents who cannot pay the remaining tuition and
other fees, or considered as doubtful or worthless accounts. Likewise, there will still
be other material costs like computer sets for students use which value depreciates
after 6 months.
Table 15 presents the cost and revenue for one school year operation using
the breakeven volume of 60 enrolees. The cost of operation included taxes and other
doubtful accounts. The revenue is generated from tuition and miscellaneous fees.
The tuition is calculated based on PhP500 intervals, that start at PhP1,000.00 and