HomeMy WebLinkAboutFinal Arts and Science Center update
Project Description:
CAPITAL PROJECT FUNDING
Actual Thru Project Project
09/31/2009 Total Total
Revenues
G.O. Bond 2,500,000$ 2,500,000$ -$ -$ -$ 2,500,000$
Lee Gift 500,000 500,000 - - - 500,000
Texas Student Housing 500,000 500,000 - - - 500,000
Interest 64,666 64,666 64,666
Miscellaneous 460 460 460
Classroom Operating Supplies
Westlake Academy 08-09 budget $31K - -
Westlake Academy Funds FF & E 50,000 - - - 50,000
FF & E Funded by Westlake Academy 200,000 150,000 - - - 150,000
Utility Relocation - - - - - -
Utility relocation by utility fund 6,250 9,916 - - - 9,916
Westlake Academy Foundation - - - - -
Utility relocation by Foundation 201,084 - -
Cash receipts at 8.22.09 - 1,118,244 - - - 1,118,244
Two Payments 847,559 -
Pledges $285,669 at 8.22.09 - 285,669 - - - 285,669
Unfunded amount 10,434 10,434
PROJECT FUNDING TOTAL 4,820,019$ 5,189,389$ -$ -$ -$ 5,189,389$
CAPITAL PROJECT EXPENDITURES
Actual Thru Project Budget
09/30/09 Budget Total
Construction CM 3,590,712$ 4,115,000$ -$ -$ -$ 4,115,000$
Design 371,382 360,000 - - - 360,000
Engineering/Legal/ Bond fees/Low voltage 193,829 303,389 303,389
FF & E Furniture 119,117 160,000 160,000
FF & E Classroom Supplies 38,617 40,000 - - - 40,000
Utility relocation 207,334 211,000 - - - 211,000
PROJECT EXPENDITURE TOTAL 4,520,991$ 5,189,389$ -$ -$ -$ 5,189,389$
YTD Project Cost & Credits
Projected Project Budget
09/30/09 Budget Option 1 Option 2 Option 3 Total
Contract CM @ Risk 3,590,712$ 4,155,221$ -$ -$ -$ 4,155,221$
Soft Cost 930,279 1,034,168 - - - 1,034,168
Total 4,520,991$ 5,189,389$ -$ -$ -$ 5,189,389$
Current Balance of Soft Cost 103,889$
Payment of outstanding invoices (103,889)
Balance of Soft Cost -$
Contract CM @ Risk
Contract CM Outstanding Invoices 174,464$
Owner Betterment 35,045 209,000 209,000
Construction Contingency 355,000 82,000 82,000
Balance of CM @ Risk Contact 564,509
Payment of outstanding invoices (174,464)
Retaining wall, FRP, Conference room wall (40,000)
Estimated billing reductions (150,000)
Total cost saving 200,045$
Savings Options 200,045 200,045 200,045
Pledge to be collected 10,434 - -
Payment to debt service 189,611 200,045 -
Enhancement to the project - - 200,045
TOTAL - - -
Project Update Report
Unexpended Funds Option
Change Order
Project include two science labs, lobby, art room which is approximately 8,400 square feet. Cost to construction is $4.1M and soft cost is $1M; total
cost of the project is $5.1M.
Sam & Margaret Lee Arts and Sciences Center
Project Description:
CAPITAL PROJECT FUNDING
Actual Thru Project
09/31/2009 Total Balance
Revenues
G.O. Bond 2,500,000$ 2,500,000$ -$
Lee Gift 500,000 500,000 -
Texas Student Housing 500,000 500,000 -
Interest 64,666 64,666 -
Miscellaneous 460 460 -
Classroom Operating Supplies
Westlake Academy 08-09 budget $31K - - -
Westlake Academy Funds FF & E 50,000 (50,000)
FF & E Funded by Westlake Academy 200,000 150,000 50,000
Utility Relocation
Utility relocation by Utility Fund 6,250 9,916 (3,666)
Westlake Academy Foundation
Utility relocation - A&S Portion 201,084 - 201,084
Two Payments made by WAF 847,559 847,559
WAF Capital Campaign receipts - 1,118,244 (1,118,244)
Remaining CC cash balance - $270,685 -
WAF Outstanding Pledges 8.22.09 - 284,319 (284,319)
Unfunded amount 11,784 (11,784)
PROJECT FUNDING TOTAL 4,820,019$ 5,189,389$ (369,370)$
CAPITAL PROJECT EXPENDITURES
Actual Thru Project
09/30/09 Budget Balance
Construction CM 3,590,712$ 4,115,000$ 524,288$
Design 371,382 360,000 (11,382)
Engineering/Legal/ Bond fees/Low voltage 193,829 303,389 109,560
FF & E Furniture 119,117 160,000 40,883
FF & E Classroom Supplies 38,617 40,000 1,383
Utility relocation 207,334 211,000 3,666
PROJECT EXPENDITURE TOTAL 4,520,991$ 5,189,389$ 668,398$
YTD Project Cost & Credits
Projected Project Remaining
09/30/09 Budget Option 1 Option 2 Option 3 Balance
Contract CM @ Risk 3,590,712$ 4,155,221$ 564,509$
Soft Cost 930,279 1,034,168 103,889
Total 4,520,991$ 5,189,389$ 668,398$
Current Balance of Soft Cost 103,889$
Payment of outstanding invoices (103,889)
Ending Balance of Soft Cost -$
Contract CM @ Risk
Contract CM Outstanding Invoices 174,464$
Owner Betterment 35,045 209,000
Construction Contingency 355,000 82,000
Balance of CM @ Risk Contact 564,509
Payment of outstanding invoices (174,464)
Retaining wall, FRP, Conference room wall (40,000)
Estimated billing reductions (150,000)
Total cost saving 200,045$
Savings Options 200,045$ 200,045$ 200,045$
Unfunded Amount 11,784 - -
Payment to debt service 188,261 200,045 -
Enhancement to the project - - 200,045
TOTAL - - -
Unexpended Funds Option
Project include two science labs, lobby, art room which is approximately 8,400 square feet. Cost to construction is $4.1M and soft cost is $1M; total cost
of the project is $5.1M.
Sam and Margaret Lee Arts & Sciences Center