INNOVATE INDIANA

Exhibit B-4
Project Budget & Funding
Year 1 capital expenditures ($) $222,500.00
Year 2 capital expenditures ($) $72,500.00
Year 3 capital expenditures ($) $140,000.00
Year 4 capital expenditures ($) $140,000.00
ADDITIONAL SUPPORT | SECTION 19
Year 5 capital expenditures ($) $150,000.00
Total Ongoing Capital expenditures Expenditures for $725,000.00
operations, maintenance, etc.
($) $2,166,000.00
Total project budget $2,891,000.00
Main capital expenditures consist of computing equipment, classroom equipment, and
Description of Capital
Expenditures
teaching supplies. Year one consists of startup costs in the time leading up to launch plus
capital expenditures of year one.
Description of Ongoing
Expenditures
Total = $2,166,000. Description: The ongoing expenditures consist of instructor and
administrative salaries, rent, and supplies for 5 years.
Local public funding $0.00
Private funding $0.00
Non-profit funding $0.00
Other funding $3,031,200.00
RCI funding required?
Yes
RCI funding needed $578,200.00
RCI funding proportion of cap
ex 80%
Total funding $3,609,400.00
Variance between budget &
funding $718,400.00
Private/public/other funding
ratio 0 / 16 / 84
EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS
STATE OF THE REGION
& QUALITY OF PLACE
VISION & STRATEGY PROJECTS
STAKEHOLDERS, EXECUTION
& STRUCTURAL CHANGES
BENCHMARKING
& MEASUREMENT
6_SJC_South Bend Code School at RD
REGIONALCITIESOFNORTHERNINDIANA.ORG |
229
ADDITIONAL SUPPORT