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Claims are to be made in accordance with the finance procedures.
Calculations
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The average cost of a meal is about $6.01 in neighbourhood food courts in 2023. With Singapore’s projected 3.0% headline inflation in 2024, the average meal cost is expected to rise to $6.19 in 2024. However, due to ActSEA’s remote-first policy, food expenses will generally be much lower as Interns will eat more home cooked food. Food expenses per month costs up to $200 per person which equates to $2.22 per meal assuming 3 meals a day for 30 days a month.
We will use this equation to determine the reimbursement rates:
$AverageCostOfAMeal (in town) - $AverageCostOfAMeal (at home)
$6.19 - $2.22 = $3.97 Capped Subsidy
Scenario-based Example:Â
Meal Expense | Reimbursement |
$5 | $5 - $2.22 = $2.78 |
$7 | Reimbursement capped at $3.97 |