Your after-school pilot program will also incur expenses related to daily operations that you will have to estimate to add to your budget. You have signed a lease for a building that will accommodate your indoor activities and that has enough land for outdoor activities as well. The lease will cost you $50,000 per year. Based on your research, you have estimated that you will incur the following additional operating expenses each year:

• Student supplies are estimated at $10 per student per month (assume 12 months)
• Office supplies are estimated at $250 per year
• Books and learning materials are estimated at $300 per student per year
• Refreshments and snacks are estimated at $5 per student per day and you will have 230 student days per year after excluding weekends, holidays, and breaks
• You will purchase small sports equipment for students use outdoors in the amount of $1,200 yearly
• Utilities, including electricity, water, telephone, and Internet service, will cost $6,600 per year
• Insurance costs are estimated to be $60 per child based on quotes from various insurance companies
• Indirect costs are expected to be 10% of total operating expenses

For assignment 2, you must estimate your total direct and indirect operating costs for inclusion in your budget. You should use Excel for your calculations.