FY 23 APPROVED CAPITAL BUDGET

Havre de Grace Expansion

LIBRARIES Project Number: Council District:

Operating Budget Impact

L124117

F

Revenues:

Location:

Havre de Grace

Expenditures: Cost Savings: None:

Est. Debt Service:

$168,000 (annual)

X

Expended/Encumbered as of 2/9/22: $8,653,113

Project Schedule/Status:

PROJECT DESCRIPTION: A feasibility study was completed in February 2009. The related report indicated the Branch is undersized and cramped. The consultant recommended expanding the Branch from 8,420 square feet to approximately 15,000 square feet. Feasibility ($52,000) and design ($535,000) funds totaling $587,000 was appropriated in prior years. Construction funding, inspection fees, and equipment/furnishing funds totaling $7,185,000 were appropriated in FY 15. Equipment and furnishing consists of $750,000 for furniture/shelving and $600,000 for additional collection materials.

EXPENDITURE SCHEDULE

Approp Total

Cost Element

Prior

FY 2023

FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

TOTAL

Engineering/Design Land Acquisition

535,000

535,000

535,000

0

0

Construction

5,548,631

5,548,631

5,548,631

Inspection Fees

286,369

286,369

286,369

Equipment/Furnishing

2,650,000 9,020,000

2,650,000

2,650,000 9,020,000

Total Cost:

0 9,020,000

0

0

0

0

0

FUNDING SCHEDULE

R7100 Prior Bonds R3199 Federal Other R6999 Other R3399 State Other R6320 Contrib/Don

6,720,000

6,720,000

6,720,000

400,000 300,000

400,000 300,000

400,000 300,000

1,000,000

1,000,000

1,000,000

600,000

600,000

600,000

Total Cost:

9,020,000

0 9,020,000

0

0

0

0

0

9,020,000

156