Source of Funds
|
|
|
|
| INTERIM LOANS |
|
| Bridge Loan Against York Building |
336,000 |
|
|
| SELL BUILDINGS OWNED |
|
| Sell York Building |
500,000 |
| Sell Elmira Building |
100,000 |
| Subtotal |
600,000 |
|
|
| PERMANENT FUNDING |
|
| Government |
190,000 |
| Corporations |
30,000 |
| Individual Donors |
460,500 |
| Foundation Grants |
125,000 |
| Board/Staff/Committees |
45,000 |
| Organization’s Funds |
75,000 |
| Subtotal |
925,500 |
|
|
Total Sources
|
1,861,500
|
|
|
Use of Funds
|
|
| Acquisition of new building |
495,000 |
| Renovation of new building |
704,500 |
| Professional Services |
41,300 |
| Construction Related Expenses |
86,000 |
| FFE Costs (Fixtures, Furnishing, Equipment) |
140,700 |
| Other Soft Costs |
5,000 |
| Contingency |
8,000 |
| Other repairs reserves |
25,000 |
| Interest on loan for one year |
20,000 |
| 1,030,500 |
|
Total Uses with Reserves
|
1,525,500
|
|
|
| Loan Repayment – Bridge loan against York building |
336,000 |
|
|
Total Uses with Loan Repayment
|
1,861,500
|
