Here is a financial update
concerning the building project. The numbers are different than we provided the
other day. We failed to take into account the Architect and Engineering fees.
|
Vendor |
Cost |
|
Riggs |
$554,141 |
|
|
$ 53,167 |
|
Misc (Architect, Eng &
AEP) |
$ 25,033 |
|
Total |
$632,341 |
There will be some deducts
for the sidewalk, soffits and windows that haven't been taken into account yet.
|
Funds |
Amount |
|
LACE Loan |
$433,000 |
|
Building Fund Cash |
$164,411 |
|
New Pledges |
$ 19,000 |
|
Total |
$616,411 |
Shortfall = $15,930
The fire protection is still in question.