INNOVATE INDIANA

Exhibit B-4
Project Budget & Funding
Year 1 capital expenditures
($) $3,758,000.00
Year 2 capital expenditures
($) $0.00
Year 3 capital expenditures
($) $0.00
Year 4 capital expenditures
($) $0.00
Year 5 capital expenditures
($) $0.00
Total Capital Expenditures $3,758,000.00
Ongoing expenditures for
operations, maintenance,
etc. ($) $2,689,444.00
Total project budget $6,447,444.00
Description of Capital
Expenditures
Description of Ongoing
Expenditures
Local public funding $900,000.00
Private funding $2,858,000.00
Non-profit funding $1,050,000.00
Other funding $0.00
RCI funding required? Yes
RCI funding needed $750,000.00
RCI funding proportion of
cap ex 20%
Total private funds $3,908,000.00
Private ratio calc 70
Total public funds $1,650,000.00
Public ratio calc 30
Other $0.00
Other ratio calc 0
Total funding $5,558,000.00
Variance between budget &
funding ($889,444.00)
Private/public/other funding
ratio 70 / 30 / 0
ADDITIONAL SUPPORT | SECTION 19
Planning and Project Management: $109,000
Construction: $3,125,000 (11,250 square feet at an estimated $277.78 per square foot, based on construction at similar
IU and HealthLinc facilities)
Lab Equipment: $140,000 (based on costs at similar IU and HealthLinc facilities)
Security: $40,000
Campus Physical Plant Costs: $31,000
Contingency (10%): $313,000
Total Build Out/Leasehold Improvements: $3,758,000
Operations:
Staffing: Approximately $2,184,385 per year for 28 employees [26 new] (including 39% benefits)
Facility/Equipment Maintenance: $81,419 per year
Consumable Supplies: $269,000 per year (10% of operating budget)
Travel Expense: $20,000 per year
Lease and Utilities: $134,640 per year ($12/s.f.)
Total: $2,689,444
EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS
STATE OF THE REGION
& QUALITY OF PLACE
VISION & STRATEGY PROJECTS
STAKEHOLDERS, EXECUTION
& STRUCTURAL CHANGES
BENCHMARKING
& MEASUREMENT
28_SJC_IUSB HealthLinc Health & Wellness Center
REGIONALCITIESOFNORTHERNINDIANA.ORG |
296
ADDITIONAL SUPPORT