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2 contractors Ching’s Renovation Ltd. $47,513 R2 Square Renovation Co. $59,010 - PowerPoint PPT Presentation


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2 contractors Ching’s Renovation Ltd. $47,513 R2 Square Renovation Co. $59,010. Pledge Funds Pledge Received as at Feb 14 $263,970 Church Development Fund $309,000 Church Reserve Fund $100,000 Total Funds available $672,970 Less Purchase Price $600,000

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2 contractors

Ching’s Renovation Ltd. $47,513

R2 Square Renovation Co. $59,010


Pledge Funds

Pledge Received as at Feb 14 $263,970

Church Development Fund $309,000

Church Reserve Fund $100,000

Total Funds available $672,970

Less

Purchase Price $600,000

Legal fees/taxes $ 20,000

Total Purchase Cost $620,000

Available Renovation Funds $52,970


Renovation Cost

Contractor’s Quotation $47,513

10% contingency $ 4,751

Renovation Cost $52,264

Appliances/Furniture $ 5,000

Grand Total$57,264

Less

Available Renovation Funds $52,970

More Pledge required$4,294


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