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3 <br /> Architect/Engirneering Design Fees <br /> (Including Testing, Surveying and <br /> Reimbursables) $125,000 <br /> Building and Site Construction $1,271,800 <br /> Project Contingency (3% of total <br /> budget) $43,200 <br /> Total Proposed Budget $1,440,000 <br /> FINANCIAL IMPACT: Funding sources identified for the renovation project includes 2001 voter <br /> approved bond funds ($900,000) and School Construction Impact Fees ($540,000). Upon <br /> completion of the project, staff will bring back a final accounting that will outline how actual <br /> expenditures relate to the budget: <br /> RECOMMENDATION (S): The Manager recommends that the Board approve the Hillsborough <br /> Elementary School Renovations Capital Project Ordinance. <br />