Project Cost Summary

Pine Lake HomeSites

Cost Item $/Unit Total % Total $
  Land 8,750.00 49.11% 1,050,000
Total $8,750.00 49.11% $1,050,000
       
Site Development      
  Clearing & Grading 495.24 2.78% 59,429
  Paving 954.58 5.36% 114,549
  Curb & Gutter 535.27 3.00% 64,232
  Sanitary Sewer 1,323.42 7.43% 158,810
  Storm Sewer 510.64 2.87% 61,277
  Water 530.02 2.97% 63,602
  Entrance 300.00 1.68% 36,000
  Power & Street Lighting 77.50 0.43% 9,300
  Amenity 2,250.00 12.63% 270,000
  Contingency 291.67 1.64% 35,000
Total Site Development $7,268.33 40.80% $872,199
       
Engineering      
  Design 312.50 1.75% 37,500
  Layout 208.33 1.17% 25,000
Total Engineering $520.83 2.92% $62,500
       
Other Costs      
  Taxes & Insurance 100.00 0.56% 12,000
  Legal & Closing 108.33 0.61% 13,000
  Appraisal 41.67 0.23% 5,000
  Marketing & Advertising 510.42 2.86% 61,250
  County Fees 16.67 0.09% 2,000
  Development Fees 500.00 2.81% 60,000
Total Other Costs $1,277.08 7.17% $153,250
       
Total Project Cost $17,816.24 100.00% $2,137,949
       


     


Project Bill of Materials

Pine Lake HomeSites

Cost Item Quantity Cost/Item Total $
  Land 1.00 Each 1,050,000.00 1,050,000.00
Total     $1,050,000.00
       
Site Development      
  Clearing & Grading 1.00 Each 59,429.00 59,429.00
  Paving 1.00 Each 114,549.00 114,549.00
  Curb & Gutter 1.00 Each 64,232.00 64,232.00
  Sanitary Sewer 1.00 Each 158,810.00 158,810.00
  Storm Sewer 1.00 Each 61,277.00 61,277.00
  Water 1.00 Each 63,602.00 63,602.00
  Entrance 1.00 Each 36,000.00 36,000.00
  Power & Street Lighting 1.00 Each 9,300.00 9,300.00
  Amenity 1.00 Each 270,000.00 270,000.00
  Contingency 1.00 Each 35,000.00 35,000.00
Total Site Development     $872,199.00
       
Engineering      
  Design 1.00 Each 37,500.00 37,500.00
  Layout 1.00 Each 25,000.00 25,000.00
Total Engineering     $62,500.00
       
Other Costs      
  Taxes & Insurance 1.00 Each 12,000.00 12,000.00
  Legal & Closing 1.00 Each 13,000.00 13,000.00
  Appraisal 1.00 Each 5,000.00 5,000.00
  Marketing & Advertising 1.00 Each 61,250.00 61,250.00
  County Fees 1.00 Each 2,000.00 2,000.00
  Development Fees 1.00 Each 60,000.00 60,000.00
Total Other Costs     $153,250.00
       
Total Project Cost     $2,137,949.00
       


     


Project Cost Schedule

Pine Lake HomeSites

Date Cost Item Quantity Cost/Item Total $
Feb 02 Land 1.00 Each $1,050,000 $1,050,000
Feb 02 Clearing & Grading (Spread over 2 Mos) N/A $59,429 29,715
Feb 02 Contingency 1.00 Each $35,000 35,000
Feb 02 Design (Spread over 3 Mos) N/A $37,500 12,500
Feb 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Feb 02 Legal & Closing 1.00 Each $13,000 13,000
Feb 02 Appraisal 1.00 Each $5,000 5,000
Feb 02 County Fees 1.00 Each $2,000 2,000
Feb 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $1,153,215
         
Mar 02 Clearing & Grading (Spread over 2 Mos) N/A $59,429 $29,715
Mar 02 Design (Spread over 3 Mos) N/A $37,500 12,500
Mar 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Mar 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $48,215
         
Apr 02 Sanitary Sewer (Spread over 3 Mos) N/A $158,810 $52,937
Apr 02 Storm Sewer (Spread over 3 Mos) N/A $61,277 20,426
Apr 02 Power & Street Lighting 1.00 Each $9,300 9,300
Apr 02 Design (Spread over 3 Mos) N/A $37,500 12,500
Apr 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Apr 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $101,162
         
May 02 Sanitary Sewer (Spread over 3 Mos) N/A $158,810 $52,937
May 02 Storm Sewer (Spread over 3 Mos) N/A $61,277 20,426
May 02 Water 1.00 Each $63,602 63,602
May 02 Layout (Spread over 3 Mos) N/A $25,000 8,333
May 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
May 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $151,298
         
Jun 02 Sanitary Sewer (Spread over 3 Mos) N/A $158,810 $52,937
Jun 02 Storm Sewer (Spread over 3 Mos) N/A $61,277 20,426
Jun 02 Layout (Spread over 3 Mos) N/A $25,000 8,333
Jun 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Jun 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $87,696
         
Jul 02 Paving (Spread over 2 Mos) N/A $114,549 $57,275
Jul 02 Curb & Gutter (Spread over 2 Mos) N/A $64,232 32,116
Jul 02 Layout (Spread over 3 Mos) N/A $25,000 8,333
Jul 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Jul 02 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 4,083
Jul 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $107,807
         
Aug 02 Paving (Spread over 2 Mos) N/A $114,549 $57,275
Aug 02 Curb & Gutter (Spread over 2 Mos) N/A $64,232 32,116
Aug 02 Entrance (Spread over 2 Mos) N/A $36,000 18,000
Aug 02 Amenity (Spread over 5 Mos) N/A $270,000 54,000
Aug 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Aug 02 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 4,083
Aug 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $171,474
         
Sep 02 Entrance (Spread over 2 Mos) N/A $36,000 $18,000
Sep 02 Amenity (Spread over 5 Mos) N/A $270,000 54,000
Sep 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Sep 02 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 4,083
Sep 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $82,083
         
Oct 02 Amenity (Spread over 5 Mos) N/A $270,000 $54,000
Oct 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Oct 02 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 4,083
Oct 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $64,083
         
Nov 02 Amenity (Spread over 5 Mos) N/A $270,000 $54,000
Nov 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Nov 02 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 4,083
Nov 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $64,083
         
Dec 02 Amenity (Spread over 5 Mos) N/A $270,000 $54,000
Dec 02 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 1,000
Dec 02 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 4,083
Dec 02 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $64,083
         
Jan 03 Taxes & Insurance (Spread over 12 Mos) N/A $12,000 $1,000
Jan 03 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 4,083
Jan 03 Development Fees (Spread over 12 Mos) N/A $60,000 5,000
  Total     $10,083
         
Feb 03 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 $4,083
  Total     $4,083
         
Mar 03 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 $4,083
  Total     $4,083
         
Apr 03 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 $4,083
  Total     $4,083
         
May 03 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 $4,083
  Total     $4,083
         
Jun 03 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 $4,083
  Total     $4,083
         
Jul 03 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 $4,083
  Total     $4,083
         
Aug 03 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 $4,083
  Total     $4,083
         
Sep 03 Marketing & Advertising (Spread over 15 Mos) N/A $61,250 $4,083
  Total     $4,083
         
  Total Unit Costs     $2,137,949
         


     


Unit Sales Summary

Pine Lake HomeSites

Unit Type Date Units Price Sales Net Sales
Executive Lots - Interior Total 77 $21,000 $1,617,000 $1,519,980
           
Executive Lots - Golf/Lake Total 17 $33,000 $561,000 $527,340
           
Prestige Lots - Interior Total 26 $37,000 $962,000 $904,280
           
Total Unit Sales   120   $3,140,000 $2,951,600
           


     


Unit Sales Schedule

Pine Lake HomeSites

Date Unit Type Units Price Sales Net Sales
Jul 02 Executive Lots - Interior 5 $21,000 $105,000 $98,700
  Total 5   $105,000 $98,700
           
Aug 02 Executive Lots - Interior 5 $21,000 $105,000 $98,700
  Total 5   $105,000 $98,700
           
Sep 02 Executive Lots - Interior 5 $21,000 $105,000 $98,700
  Total 5   $105,000 $98,700
           
Oct 02 Executive Lots - Interior 5 $21,000 $105,000 $98,700
Oct 02 Executive Lots - Golf/Lake 1 $33,000 33,000 31,020
Oct 02 Prestige Lots - Interior 1 $37,000 37,000 34,780
  Total 7   $175,000 $164,500
           
Nov 02 Executive Lots - Interior 5 $21,000 $105,000 $98,700
Nov 02 Executive Lots - Golf/Lake 1 $33,000 33,000 31,020
Nov 02 Prestige Lots - Interior 2 $37,000 74,000 69,560
  Total 8   $212,000 $199,280
           
Dec 02 Executive Lots - Interior 5 $21,000 $105,000 $98,700
Dec 02 Executive Lots - Golf/Lake 1 $33,000 33,000 31,020
Dec 02 Prestige Lots - Interior 1 $37,000 37,000 34,780
  Total 7   $175,000 $164,500
           
Jan 03 Executive Lots - Interior 6 $21,000 $126,000 $118,440
Jan 03 Executive Lots - Golf/Lake 1 $33,000 33,000 31,020
Jan 03 Prestige Lots - Interior 2 $37,000 74,000 69,560
  Total 9