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Economic Development
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 |
