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Sample Development Budget
 

Developing a comprehensive and detailed budget is one of the first steps toward ensuring the smooth progression of your project. Project directors and facilities managers can use this sample when establishing a development budget. The development budget details all of the expenses that are involved with preparing the land for development including land acquisition, utility installation, and various fees. 


Sample Development Budget of An Urban Child Care Center
 

Materials/Services

Costs

Hard Costs

Land Acquisition

$75,000

Playground Equipment

$15,000

Signs

$2,500

Construction

$812,278

Subtotal

 

$904,778

Soft Costs

Tap Fees

$7,552

Architect

$28,360

Engineering

$15,000

Interest Carry

$10,000

Environmental

$4,000

Property Taxes

$1,500

Zoning

$3,300

Misc.

$5,042

Subtotal

 

$74,754

Loan Costs

Inspection fees

$2,000

Appraisal

$3,500

Transfer taxes/Recording fees

$7,915

Legal

$10,000

Misc fees

$6,700

Subtotal

 

$30,115

Additional Startup Needs

Moving

N/A

Initial Working Capital

N/A

Equipment

N/A

Materials

N/A

Total Development Budget

 

$1,009,647

Sample Development Budget. The Enterprise Foundation. 1999. English.


Last Reviewed: June 2009

Last Updated: June 15, 2010