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11/24/86
<br />ANALYSIS OF GOLF COURSE CONSTRUCTION COSTS
<br />M
<br />REVENUE
<br />VARIANCE
<br />ORIGINAL CURRENT FAVORABLE
<br />ESTIMATE ESTIMATE (UNFAVORABLE)
<br />Bond Proceeds 2,400,000 2,406,526 6,526
<br />Interest Income 15,000 49,125 34,125
<br />TOTAL REVENUE , 15,000 T,455,651 40,651
<br />ANALYSIS OF GOLF COURSE CONSTRUCTION COSTS
<br />IF CLUBHOUSE IS ELIMINATED
<br />REVENUE
<br />VARIANCE
<br />ORIGINAL CURRENT FAVORABLE
<br />ESTIMATE ESTIMATE (UNFAVORABLE)
<br />Bond Proceeds 2,400,000 2,406,526 6,526
<br />Interest Income 15,000 49,125 34,125
<br />TOTAL REVENUE 2,415,000 2,455,651 40,651
<br />EXPENSE
<br />ORIGINAL COUNTY'S VARIANCE
<br />ARCHITECT CURRENT FAVORABLE
<br />ESTIMATE ESTIMATE (UNFAVORABLE)
<br />Architect 110,000 117,600 (7,600)
<br />Site Work 135,000 125,458 9,542
<br />Const. of Golf Course 1.,300,000 1,516,634 (216,634)
<br />Clubhouse (1) 250,000 16,625 233,375
<br />Maintenance Building 100,000 107,812 (7,812)
<br />Golf Cart Equip. Bldg. 75,000 76,532 (1,532)
<br />Equipment 200,000 208,307 (8,307)
<br />Grow -in Costs 175,000 175,000 -0-
<br />Capitalized Interest 15,000 15,000 -0-
<br />Contingency 55,000 -0- 55,000 `
<br />TOTAL EXPENSE 2,415,000 2,358,968 56,032
<br />FAVORABLE VARIANCE 96,683
<br />NOTE: Clubhouse Expenses Incurred
<br />(1) Architect (85% of Contract) 14,500.00
<br />Permit & Tests 390.00
<br />Water System 1,600.00
<br />Other 134.40
<br />TOTAL. �6
<br />EXPENSE
<br />ORIGINAL. COUNTY'S VARIANCE
<br />ARCHITECT CURRENT FAVORABLE
<br />ESTIMATE ESTIMATE (UNFAVORABLE)
<br />I
<br />Architect 110,000 117,600 (7,600)
<br />Site Work 135,000 125,458 9,542
<br />Const. of Golf Course 1,300,000 1,516,634 (216,634)
<br />Clubhouse (1) 250,000 254,725 (4,725)
<br />Maintenance Building 100,000 107,812 (7,812) _
<br />Golf Cart Equip. Bldg. 75,000 76,532 (1,532)
<br />Equipment 200,000 208,307 (8,307)
<br />Grow -in Costs 175,000 175,000 -0-
<br />Capitalized Interest 15,000 15,000 -0-
<br />Contingency 55,000 -0- 55,000
<br />TOTAL EXPENSE 2,415,000 2,597,068 (182,068)
<br />UNFAVORABLE VARIANCE (141,417
<br />45 BOOK t 6 P,-, �c 50
<br />NOV 2 5 1986
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