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operational -OCT 2023 Revised Caramore Community,Inc_ 20/17/2023 12:44 PM <br /> Operational and Start Up Cost Estimates for Bridge Housing at Homestead <br /> Operational Expenses Amount YR Comments Nates <br /> 1 FTE as Bridge House Manager, plus 4 partime employees providing onsite supervision 7 days per <br /> Salary and Wages - Direct Care $117,022 week <br /> QMHP to supervise Homestead Bridge House Manager(cost based on existing Program Director cost <br /> Salary-Program Supervision $10,125 per) <br /> Travel/Transportation $2,000 gas,staff mileage reimbursement <br /> Client Assistance Activities $11,272 Client food, client house hold supplies, client clothing and hygiene items <br /> insurance -.business auto $2,351 cost base existing per vehicle insurance cost; one vehicle allocated to Bridge House- Homestead <br /> Insurance-property $1,829 homeownership cost <br /> Insurance -general liability $2,266 cost estimate based on 1 "faculty"and 6 "students"/clients served <br /> Insurance- professional liablity $3,781 cost estimate based on 3 FTE <br /> Property Repair and Maintenance $1,500 depends, in part of how many start up cost are actually addressed <br /> Property Taxes $3,959 Orange tax, Orange storm water,Chapel Hill and Carrboron school tax and New Hope fire tax <br /> Caramore would typically charge rent to tenants; rental income would cover cost for repair <br /> Depreciation expense/ reserve maintenance $6,000 maintenance; at the conclusion of the project, Caramore needs money in reserve for future expenses. <br /> Communications $4,294 Verzion cell phone cost for onsite employees <br /> Meeting Conference Expense $511 Staff meetings, internal staff trainings, staff orientation meetings- largely food related cost <br /> Office Supplies/ Materials $3,790 Office supplies, matress bedcovers, bed linens, medication security <br /> Rent $0 Caramore owns property outright, no mortgage cost <br /> Utilities $12,000 power,water,gas and internet <br /> Trash removal service $720 $60 per month via private company <br /> Lawn Maintenance $1,440 $120 per month <br /> subtotal $184,859 <br /> Admininstative Overhead $36,972 20%--services requires extensive accounting and detailed bill invoicing supports <br /> Estimated Annual Operational Cost TOTAL $221,831 <br /> $18,486 estimated monthly cost <br /> $101 per client, per night cost estimate,assume at full capacity of 6 <br /> Z:`Chapman AII\BookkeepingBudgetFinanceBanking\Homestead Operational and Start Up Cost Oct 2023 Revised 1 of 1 <br />