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Cedar Grove Community Center <br /> Project Category: County Capital Project Status: Active Project Type <br /> Functional Service Support Services Proposed Bid TBD New X <br /> Area: Award Date: <br /> Department: Asset Management Starting Date: 7/1/12 Expansion <br /> Services <br /> Project Number: 10016 Completion Date: 6/30/23 Renovation <br /> Replacement <br /> Project Description/Justification: The Cedar Grove Community <br /> Center opened in June 2016, located on NC 86 North adjoining Cedar <br /> Grove Park. Funding is included in FY 2019-20 (replacing funds that <br /> were re-purposed in FY 2018-19 from Prior Years Funding)for the <br /> installation of shower facilities. <br /> L- �q� 6 <br /> FINANCIAL SUMMARY <br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 <br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to <br /> Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year10 <br /> Expenses <br /> Land/Building - <br /> Construction/Repairs/Renovations 3,861,771 (66,800) 82,000 82,000 <br /> Equipment/Furnishings 180,000 25,000 25,000 <br /> Total Project Budget 4,041,771 (66,800)l 107,000 107,000 <br /> Funding Sources <br /> Transfer from General Fund 471,545 (66,800) 107,000 107,000 <br /> Available Project Balance 250,000 - <br /> Debt Financing 3,320,226 <br /> Total 4,041,771 (66,800) 107,000 107,000 <br /> Impact on Operating Budget <br /> Personnel Services 96,866 - <br /> Operations 134,338 20,000 20,000 20,000 20,000 20,000 100,000 100,000 <br /> Recurring Capital - <br /> New/Addl Revenue - - <br /> Total Operating Costs 231,204 20,000 20,000 20,000 20,000 20,000 100,000 100,000 <br /> 81 <br />