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BUDGET |
|
USES OF FUNDS: |
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|
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PROJECT ADMINISTRATION |
|
|
|
|
Salaries & Benefits |
|
- |
|
|
Overhead |
|
- |
|
|
Printing |
|
- |
|
|
Postage & Shipping |
|
- |
|
OPERATIONS & HOLDING COSTS |
|
|
|
|
Insurance |
|
- |
|
|
R.E. Taxes |
- |
|
|
Other |
|
- |
|
ACQUISITION |
|
|
|
|
Site Acquisition |
|
- |
|
|
Brokerage Commissions |
|
- |
|
|
Option Fee |
|
- |
|
|
Closing Costs |
|
- |
|
SOFT COSTS |
|
|
|
|
Architecture |
|
- |
|
|
Design |
|
- |
|
|
Construction Drawings |
|
- |
|
|
Construction Supervision |
|
- |
|
|
Services beyond contract |
|
- |
|
|
Engineering |
|
- |
|
|
Civil |
|
- |
|
|
Soils |
|
- |
|
|
Survey |
|
- |
|
|
Structural |
|
- |
|
|
Acoustical |
- |
|
|
Mechanical |
|
- |
|
|
Electrical |
|
- |
|
|
Plumbing |
|
- |
|
|
Landscape Architect |
|
- |
|
|
Appraisal(s) |
|
- |
|
|
Legal |
|
- |
|
|
Audit/Accounting |
|
- |
|
|
Environmental Reports |
|
- |
|
|
Biologist |
|
- |
|
|
Arborist |
|
- |
|
|
Ecologist |
|
- |
|
|
Other Consultants |
|
- |
|
|
Construction Manager |
|
- |
|
|
Financial |
|
- |
|
|
Interior Design |
|
- |
|
|
Insurance (Construction) |
|
- |
|
|
Permits and Fees |
|
- |
|
|
School Fees |
|
- |
|
|
Planning & Building Permit |
|
- |
|
|
Tree Removal Permit |
|
- |
|
|
Utility Connection Fees |
|
- |
|
|
Other |
|
|
|
|
Bond Premium |
|
- |
|
|
Developer Fees |
|
- |
|
FINANCING |
|
|
|
|
Predevelopment Loan Fees |
- |
|
|
Predevelopment Loan Interest |
- |
|
|
Construction Financing Fees |
- |
|
|
Construction Lender Costs |
- |
|
|
Construction Interest |
- |
|
|
Title & Recording Fees |
- |
|
|
Return on Equity Investment |
- |
|
|
Deferred Contractor Fee Interest |
- |
|
|
Permanent Financing Fees |
- |
|
|
Title & Recording Fees |
- |
|
HARD CONSTRUCTION COSTS |
|
|
|
|
General Contractor O/H (% Const) |
|
- |
|
|
General Contractor Profit (% Const) |
|
- |
|
|
General Conditions |
|
- |
|
|
Site Work |
|
- |
|
|
Demolition |
|
|
|
Building Construction |
|
- |
|
|
Tenant Improvements |
|
|
|
|
Landscaping |
|
- |
|
|
Off-Site Improvements |
|
- |
|
|
Construction Contingency (% Const) |
|
|
|
|
Construction Escalation (time factor) |
|
- |
|
|
Furnishings |
- |
|
|
Inspections |
- |
|
|
Other |
|
- |
|
SALES/LEASING |
|
|
|
|
Residential Marketing |
|
- |
|
|
Commercial Leasing Commission |
|
- |
|
|
Individual Closings |
|
- |
|
RESERVES |
|
|
|
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Rent Reserves |
- |
|
|
Other |
|
- |
|
|
Other |
|
|
|
SYNDICATION |
|
|
|
|
Tax Credit App/Alloc/Monitoring Fees |
- |
|
|
Legal - Syndication |
- |
|
|
Accountant |
- |
|
|
Consultant - Syndication |
- |
|
CONTINGENCY (Soft Costs) |
- |
|
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TOTAL USES OF FUNDS |
|
$ - |
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|
This template is provided only as an example of a commercial |
|
development budget. Each project is different and may contain |
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categories of expenditures not listed here. |
