The town council set a range of 8 to 17 percent to maintain as fund balance, she said. We have approximately six to seven weeks of expenditures in the bank in case we have some kind of emergency. Though the 13.4 percent ratio of debt service to expenses is high, Dionne said, the town consistently pays down its debt. Typically, anything over 10 percent is viewed as high. That is comparing the percentage of your debt to your total budget, she said. The town issues debt on a 10-year basis, allowing rapid pay down.
Peshawar’s top colleges: Self-finance admissions galore
JCW has 70 seats for Part-I of pre-medical group and 20 seats for Part-I of pre-engineering on open merit, according to the collegeas prospectus. However, the seats offered on self-finance basis total 180, which is the double of those of open merit. The students of self-finance annually pay Rs40, 000 fee. Similarly, there are 375 seats for open merit in Part-I of pre-medical and pre-engineering group of Islamia College for Boys and Islamia College for Girls, while on self-finance basis, the number of seats offered for these courses total 715, according to the prospectus of the college. The normal fee in ICP is around Rs22,000, while the fee for self-finance admission is Rs55,000.