The Philippine Islands, 1493-1898; Volume 46, 1721-1739 / Explorations by early navigators, descriptions of the islands and their peoples, their history and records of the Catholic missions, as related in contemporaneous books and manuscripts, showing the political, economic, commercial and religious conditions of those islands from their earliest relations with European nations to the close of the nineteenth century

by Unknown

Art. 40. The directress of the school, in conference with the board of instructresses, shall annually compile the annual budgets of receipts and expenditures, both ordinary and extraordinary.

Art. 41. In the ordinary budget of receipts shall be included the amount of the fees for matriculation, degrees, and certificates.

The extraordinary budget shall be composed of the funds which it is calculated will be received in the school in any other way.

Art. 42. In the ordinary budget of expenses, the following shall be included under its proper heading:

1. The salaries which shall be received by the directress, instructresses, employes, and help of the institution.

2. The amounts which are calculated to be necessary for the rent, preservation of the edifice, and its equipment.

3. Expenses of the secretary.

4. Expenses demanded by the teaching and conservation of scientific equipment.

5. One item for unforeseen expenses, which shall not exceed four per cent of the amount of the ordinary expenses of the institution.

Art. 43. In the extraordinary budget shall be figured the expenses which are believed to be necessary for the improvement of the edifice, for the purchase of school equipment or furniture, or for any other object not included in the preceding article.