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JUN 10 1986 K �� F��GE 6=�� <br />B00 <br />TO: Honorable Board of County DATE: June 3, 1986 FILE: <br />Commissioners <br />r* --V <br />THROUGH: Tommy Thomas. . I <br />County Adminis rator <br />Via Sonny D <br />General Sery e Director <br />FROM: Joseph A. Baird <br />OMB Director <br />SUBJECT: Financial Status of Jail, <br />Minimum Security Facility <br />and Sheriff's Building <br />REFERENCES: $9,855,000 Bond Prospectus <br />Below is a summary of all revenues and expenses on the Jail and Minimum Security <br />Facility. We have also included information on the Sheriff's Building, but at this <br />time we are unable to estimate the total cost of the facility. Money was borrowed to <br />fund the projects in the $9,855,000 bond issue and is shown as. loan proceeds in the <br />breakdown. <br />JAIL - PHASE I <br />156 BED FACILITY <br />TOTAL ESTIMATED PROJECT <br />REVENUES AND EXPENSES <br />REVENUES <br />One cent Sales Tax $4,168,332 <br />Loan Proceeds 1,200,000 <br />Interest Income 121,512 <br />TOTAL REVENUES <br />EXPENSES <br />Land <br />139,946 <br />Soil Monitoring <br />16,000 <br />Jail Building <br />3,774,845 <br />Architect Fee <br />257,445 <br />Installation of Underground Utilities <br />55,350 <br />Water Meter, Pit & Backflow Preventer <br />13,000 <br />Site Work (Parking Lot) <br />229,520 <br />Impact Fees - Water & Sewer <br />29,440 <br />Inspection <br />38,000 <br />Furniture & Equipment <br />250,000 <br />Miscellaneous <br />8,959 <br />Interest Expense <br />101,679 <br />Issuance Expense <br />24,000 <br />Contingencies <br />79,915 <br />TOTAL EXPENSES <br />UNANTICIPATED SURPLUS <br />PHASE II <br />MINIMUM SECURITY FACILITY <br />120 BEDS <br />TOTAL ESTIMATED PROJECT <br />REVENUES AND EXPENSES <br />REVENUES <br />$5,489,844 <br />5,018,099 <br />471,745 <br />Loan Proceeds $1,300,000 <br />Surplus Funds from Phase I 471,745 <br />Interest Income 145,000 <br />TOTAL REVENUES $1,916,745 <br />6 <br />