INNOVATE INDIANA

Exhibit B-4
Project Budget & Funding
Year 1 capital expenditures
($) $3,636,625.00
Year 2 capital expenditures
($) $0.00
Year 3 capital expenditures
($) $0.00
Year 4 capital expenditures
($) $0.00
Year 5 capital expenditures
($) $0.00
Total cap ex $3,636,625.00
Ongoing expenditures for
operations, maintenance,
etc. ($) $0.00
Total project budget $3,636,625.00
Capital Expenditures
Ongoing Expenditures
Local public funding $532,325.00
Private funding $2,571,975.00
Non-profit funding $0.00
Other funding $0.00
RCI funding required? Yes
RCI funding needed $532,325.00
RCI funding proportion of
cap ex 15%
Total private funds $2,571,975.00
Private ratio calc 71
Total public funds $1,064,650.00
Public ratio calc 29
Other $0.00
Other ratio calc 0
Total funding $3,636,625.00
Variance between budget &
funding $0.00
Private/public/other funding
ratio 71 / 29 / 0
ADDITIONAL SUPPORT | SECTION 19
Considerable work is required to render the Bayer property suitable for use
by ETHOS as its Science Center. The building's market price is $975,000.
Estimates for work to be completed total $ 2,661,625 and include: $
464,625 for the construction of a new warehouse; $ 1,361,000 for various
renovations on the building's 1st floor; $ 636,000 for 2nd floor renovations;
and $ 200,000 for a new boiler.
ETHOS annual operating budget is approximately $ 675,000 per year. This
is anticipated to increase as programs expand. Ongoing operational costs
include those related to personnel, materials/supplies, equipment and
administrative
EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS
STATE OF THE REGION
& QUALITY OF PLACE
VISION & STRATEGY PROJECTS
STAKEHOLDERS, EXECUTION
& STRUCTURAL CHANGES
BENCHMARKING
& MEASUREMENT
REGIONALCITIESOFNORTHERNINDIANA.ORG |
239
ADDITIONAL SUPPORT