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14 <br /> EXHIBIT B <br /> PROJECT BUDGET <br /> NCLWF Matching Total Project <br /> Item Grant Amount Funds' Cost <br /> Property/Conservation Easement/Agreement <br /> Acquisition $111,042 $248,958 $360,000 <br /> Transactional Costs2 $0 $24,700 $24,700 <br /> Stewardship Endowment' $8,618 $5,132 $13,750 <br /> Project Administration' $0 $0 $0 <br /> Totals $119,660 $278,790 $398,450 <br /> Funding Percentages 30% 70% 100% <br /> Budget Notes: <br /> ' Source and dollar amounts of matching funds: local government($276,290);private organization($2,500). <br /> 2 Transactional costs include: surveys and legal descriptions; appraisals; Phase I Environmental Site <br /> Assessment; legal fees and closing costs;title insurance; recording fees; ad valorem taxes (Grant Recipient's <br /> portion);and baseline documentation report. <br /> If you request reimbursement for your own organization's work on the baseline documentation report, you <br /> must submit documentation of staff hours and hourly compensation rates (salary and fringe benefits) for <br /> time spent on the report plus actual mileage. <br /> 3 Payment for stewardship will be in accordance with Stewardship Contract as referenced in Exhibit H:General <br /> Terms and Conditions. <br /> 'If you are requesting Project Administration reimbursement or demonstrating Project Administration <br /> match,you must submit itemized documentation of staff hours and hourly compensation rates (salary and <br /> fringe benefits) for time spent on Project Administration. Only staff time is reimbursable under this line <br /> item. <br /> THE UNDERSIGNED HAS REVIEWED AND APPROVED THE BUDGET. <br /> SIGNATURE: DATE: <br /> NAME: Bonnie Hammersley <br /> TITLE: County Manager <br /> Orange County,North Carolina(NCLWF 2020-048 Moorefields Estate) <br /> Final—November 30,2020 Page 10 of 27 <br />