The JLBC Cadet Corps has evaluated its budget requirements for the next three years, considering operational costs and the planned expansion efforts. Here's the projected funding required:
Operational Costs:
This includes staff salaries, facility maintenance, utility bills, program supplies, insurance, and administrative expenses.
2023: $1,500,000
2024: $1,600,000 (increase due to inflation and minor expansions)
2025: $1,700,000 (further inflation adjustments and program additions)
Expansion Costs:
This includes the costs associated with program expansion (new curriculum development, training), geographic expansion (new facilities, recruitment), upgrading facilities and technology, launching international exchange programs, and increased community engagement activities.
2023: $500,000
2024: $750,000 (further expansion initiatives)
2025: $1,000,000 (full implementation of expansion plans)
Total Required Funds:
2023: $2,000,000
2024: $2,350,000
2025: $2,700,000
These funds will be raised through government grants, private donations, fundraising events, membership fees, corporate sponsorships, and alums contributions. To help cover the expansion costs, we also aim to launch a specific capital campaign to support our growth initiatives. We will continuously monitor our financial situation and adjust our plans as necessary to ensure economic sustainability.
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