Agenda - Council - 08/08/2000 - Laserfiche WebLink

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78 g. Indicate how facility will be operated. If the applicant will be leasing out the facility, describe the terms of the proposed [ease and include a copy of the proposed lease form. the lease form must be consistent with the requirements set forth in Minnesota law. h. Any other information relevant to support this application. IV. Financial Information The applicant must document fiscal responsibility and the ability to purchase, construct and/or improve the structure. Provide the following information. a. A budget using a chart of accounts for the purchase, construction and/or improvement of the land and structure showing the total project cost. Major categories should include site and building acquisition, design fees, professional fees, site and building construction, and furniture, fixtures, and equipment Present ways in which the project was designed to be cost-effective. b. A desgription of other sources of project funding, as well as monetary mounts from each additional source. Please indicate whether each source is fully committed, committed contingent upon receipt of state funds, or not committed. c. A cash flow estimate comprised of a budget, schedule and funding sequence. Also, explain the sources of funds that will be used to cover costs incurred prior to completion of the project. d. A detailed operating budget for the facility including proposed rents and other income, staff'mg levels and salaries/benefits, supplies, building operation, and building repair and maintenance. This should include income from all sources that will be used to cover the costs of the facility. e. Agency budgets for current year and first fully year of operation. If constructing a new facility, necessary amount of increase relative to size of current operating budget should be noted as well as how this increase will be met. f. Income and expenditure projections for three years. g. Annual financial statements for the last three years from the political subdivision and all organizations which will be operating programs in the facility. This should include information on management fiscal staff and organizational structure. V'. Schedule Information Provide a realistic, anticipated schedule for all stages of the project. Stages should include site selection and acquisition, required actions necessary to secure funding and approvals from all sources, designer selection, design development and approvals, construction and occupancy. This schedule should include a funding and cash flow sequence. 13 I I I I I I I .I I I I I I I I I I