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Agenda Packets - 1993/05/10
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Agenda Packets - 1993/05/10
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Last modified
1/28/2025 4:47:53 PM
Creation date
7/9/2018 6:09:49 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
5/10/1993
Supplemental fields
City Council Document Type
City Council Packets
Date
5/10/1993
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• <br /> ANNUAL OPERATIONAL COSTS <br /> Based on estimated $2,000,000 to build and furnish, assumed a 7% <br /> interest rated with a repayment of 20 years. <br /> Debt Service: $186,200 (construction) <br /> Operating Costs: $202,701 (2 Full-Time Staff) <br /> 6 Part-Time Staff) <br /> $ 15,000 Depreciation <br /> $ 15,000 Support Services <br /> $ 10,500 Supplies <br /> $ 27,800 Utilities <br /> $ 12,400 Printing <br /> $ 14,400 Insurance <br /> $ 14,000 Contracted Services <br /> TOTAL $498,001 <br /> Total Obligation: $ 498,001 <br /> Subtract 75,000 15% estimated revenue <br /> from grants, rental <br /> income <br /> $ 423,301 To be provided by <br /> revenue sources <br /> of four cities <br /> $100,000 expected from pay-as-you-go fees. <br />
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