Economic Development

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Sample Budget

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Below is a sample of the budget for a 2,400 square foot cold storage construction project. The CDF requires such a budget from every applicant. Applicants must also demonstrate how they estimated their budget. If applicable, applicants must also include quotes from suppliers, contractors, or from consultants.

PROJECT BUDGET:


Cost Description

Amount

Two Carpenters ($18/hr. x 40 hrs./wk x 12 wks. x 2)

$17,280.00

Two Carpenters' Helpers ($16/hr. x 480 hours each)

15,360.00

Benefits @ 12%

4,378.00

Tool Rental

3,000.00

Building Materials (as per quote)

14,664.00

Bulldozer Rental ($75/hr x 8 hrs.)

600.00

Backhoe Rental ($75/hr x 16 hrs.)

1,200.00

Freight

1,000.00

TOTAL

$57,482.00

 

SOURCE OF FUNDS:


Equity (your contribution to the project)

Cash

$10,000.00

Proceeds from raffle tickets

1,500.00

Donated Labour (carpenter assistant)

2,680.00

Municipal grant

10,000.00

CDF Request

33,302.00

TOTAL

$57,482.00

 

OTHER RESOURCES (in-kind contributions / donations)

Volunteers will paint the exterior, clean up the site and landscape the yard; local hardware store will donate 15 per cent of building materials total cost.

Estimated value of "other resources"

$1,500