We are currently preparing the budget for the academic year 2015. In this regard, we have attached the Approved Budget for the academic year 2014 for your reference. Please send us a new Estimated Annual Average Cost of Scholarship Award for one scholar for the academic year 2015 for further review and consideration. Please use attached 2015 Average Cost Table.
On a separate page, please include how you computed the figures. For example:
Subsistence allowance
$5.60 (daily allowance) x 30 days
(Manila$220.00 x 11 months= $2,420
Breakdown of miscellaneous expenses:
Visa Fees $32.55
Airport Taxes $12.00
Luggage allowance $280.00
Exchange rate used US$1.00 = P43.00
Please fill in the figures for the first year and the second year in US$ (if expenditures are paid in US$) and if paid in local currency then fill in the column of local currency (again both the first and the second year).
We would appreciate your confirmation of the Estimated Annual Average Cost of Scholarship Award on or before Monday, 27 April 2015.