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Ringness Restoration
Project Financial Update
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October 5, 2006
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ACTUAL INCOME TO-DATE: . . . .$ 82,674.30 |
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ACTUAL
EXPENSES TO-DATE: |
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Publicity and Fund
Raising. . . . . . . . . . . . |
$ 7,401.73 |
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Joe Brooks—Phase 2 (a) . . . . . . . . . . . . . . |
19,500.00 |
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Gant Construction—Phase 1 (b) . . . . . . . . |
6,400.00 |
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Electrical Hook-Up . . . . . . . . . . . . . . . . . .
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400.00 |
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Mustang Valley Water Hook-Up . . . . . . . . |
451.68 |
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Joe Brooks—Phase 1 (c) partial . . . . . . . . |
15,400.00 |
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Lumber for Door and Window Frames . . . |
1,764.00 |
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Materials (Sand and Mortar) . . . . . . . . . . . |
2,500.00 |
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Cornerstone . . . . . . . . . . . . . . . . . . . . . . . .
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160.00 |
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Buddy Bekkelund (carpentry) . . . . . . . . . . |
650.00 |
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TOTAL:
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$54,627.41 |
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| ESTIMATED
EXPENSES TO COMPLETE PHASE 1: |
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Joe Brooks—Phase 1 ( c) complete |
$48,600.00 |
| Timbers for
Ceiling Joists (ordered from Lavender’s Cedar Yard, Meridian, TX) |
2,500.00 |
| Publicity and
Fund Raising |
2,000.00 |
| TOTAL |
$53,100.00 |
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| ACTUAL FUNDS
AVAILABLE: |
$28,046.89 |
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| ADDITIONAL FUNDS
NEEDED (PHASE 1): |
$25,053.11 |
| PHASE 1: |
A)
Dismantling the house;
B)
Pouring a foundation;
C)
Reconstructing the rocks on the new site.
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PHASE 2: |
Installing the roof, windows, and doors.
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PHASE 3: |
Completing the building’s interior.
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March 22, 2006
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Phase 1:
a)
Dismantling the house;
b)
Pouring a foundation; and
c)
Reconstructing the rocks on the new site |
Phase 2:
Installing the roof, windows, and doors |
Phase 3:
Completing the building’s interior |
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INCOME TO-DATE:.
TOTAL |
$66,094.29 |
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EXPENSES TO-DATE: |
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Publicity and fund
raising costs |
7,101.73 |
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Joe Brooks—Phase 1
(a) |
19.500.00 |
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Gant
Construction—Phase 1 (b) |
6,400.00 |
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Electrical Hook-Up |
400.00 |
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Mustang Valley Water
Hook-Up |
451.68 |
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Lumber for door and
window frames |
1,764.00 |
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TOTAL |
$46,617.41 |
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FUNDS AVAILABLE
TO-DATE:
FSSB Ringness Checking Account(Vanguard and Ringness savings accounts both
transferred to this account since 1/1/2006) |
$19,476.88 |
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ESTIMATED EXPENSES
TO COMPLETE PHASE 1 |
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Brooks’ estimated bid
of $64,000 |
53,000.00 |
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Timbers for ceiling
joists |
2,500.00 |
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Publicity and fund
raising costs |
2,000.00 |
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TOTAL |
$55,500.00 |
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SHORTFALL |
$36,023.12 |
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You will note that the shortfall is about the same as at the last
accounting, but that is because I have added some expenses that aren’t
part of Joe Brooks’ original bid of $64,000. They are things, however,
that will be necessary to complete Phase 1. These are estimates only, and
there may be items that we haven’t realized will be necessary. Since we
aren’t paying an architect, we are less sure of the estimates.
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Ringness
Restoration Committee* |
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Betty Tindall, Chair
Owen Ringness
Mary Ann Stokely
Mary Orbeck
John Homerstad
Wayne Rohne
Eudoris Dahl
Ed Bell
Maurine Clements
Alice Bretag
Geneva Finstad
James Arnold, Architect with U. of Houston |
*These are
core persons who are always notified of meetings, and often other
interested persons attend. |
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