RMRA Construction Budget
Presented at the RMRA General Membership Meeting, February 27, 2001
| Construction Income | |
| Charter Shares (136*$950) + (2*$600) | $ 130,400.00 |
| Developer Shares (95*$1000) | $ 95,000.00 |
| Loan | $ 245,000.00 |
| 1999 Dues (138*$150) | $ 20,700.00 |
| Donation | $ 260.00 |
| Interest Earned | $ 153.55 |
| Total Construction Income = | $ 491,513.55 |
| Construction Costs | |
| Bank Service Charge | $ 36.02 |
| Bike Rack | $ 542.46 |
| Closing Costs | $ 4,768.00 |
| Clubhouse Building | $ 157,823.00 |
| Clubhouse Furnishing | $ 1,096.78 |
| Construction Loan Interest | $ 2,663.48 |
| Electricity | $ 242.37 |
| Engineering | $ 11,097.52 |
| Fence | $ 8,730.00 |
| Insurance | $ 2,672.00 |
| Landscaping | $ 7,255.54 |
| Legal Fees | $ 854.35 |
| Licenses/Permits | $ 1,548.40 |
| Lighting | $ 278.25 |
| Misc. Hardware | $ 432.33 |
| Office/Postal | $413.96 |
| Outdoor Furnishing | $ 4,119.05 |
| Phone Installation | $ 135.92 |
| Pool | $ 164,630.00 |
| Real Estate Taxes | $ 117.79 |
| Sewer (HRSD) | $ 21.60 |
| Site Work | $ 83,162.16 |
| Utilities to Site (tap fees, etc.) | $ 3,957.49 |
| Water | $ 37.04 |
| Total Construction Costs = | $ 456,635.51 |
| Required Escrow | $ 30,000.00 |
| Reserve | $ 4,878.04 |
| Total = | $ 491,513.55 |