INNOVATE INDIANA

Exhibit B-4
Year 1 capital expenditures
($) $2,500,000.00
Year 2 capital expenditures
($) $4,500,000.00
Year 3 capital expenditures
($) $40,000.00
Year 4 capital expenditures
($) $40,000.00
Year 5 capital expenditures
($) $40,000.00
Total Capital Expenditures $7,120,000.00
Ongoing expenditures for
operations, maintenance,
etc. ($) $159,200.00
ADDITIONAL SUPPORT | SECTION 19
EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS
Project Budget & Funding
Total project budget $7,279,200.00
Description of Capital
Expenditures
Description of Ongoing
Expenditures
Local public funding $1,400,000.00
Private funding $4,300,000.00
Non-profit funding $1,300,000.00
Other funding $0.00
RCI funding required? Yes
RCI funding needed $279,200.00
RCI funding proportion of
cap ex 4%
Total private funds $5,600,000.00
Private ratio calc 77
Total public funds $1,679,200.00
Public ratio calc 23
Other $0.00
Other ratio calc 0
Total funding $7,279,200.00
Variance between budget &
funding $0.00
Private/public/other funding
ratio 77 / 23 / 0
Design and contracting consultant estimates cash outlays for year one at $2.5 million. This includes design,
earthwork and partial concrete costs. Design and contracting consultant estimate cash outlays for year two at
$4.5million. The balance of construction costs incurred include concrete, rough and finish construction, landscaping,
equipment and fixtures.
The first year’s operating expenses are estimated at $159,200. This total includes professional and staff salaries,
marketing and related expenses, institutional memberships and professional development, service expenses and
working capital, utilities and repairs. Second and subsequent year expenses are slated to grow at 2.9 percent per
annum.
Operating expenses will be offset by conferencing revenue.
STATE OF THE REGION
& QUALITY OF PLACE
VISION & STRATEGY PROJECTS
STAKEHOLDERS, EXECUTION
& STRUCTURAL CHANGES
BENCHMARKING
& MEASUREMENT
Project ProjectApp Page 2 of 4
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ADDITIONAL SUPPORT