EXHIBIT B
Sources of Funding for Community Center Project
Contributions from Friends of Senior & Scout Community Center Total Available (does not include Friends contractual obligations and expenditures)
$ 2,290,000
Commitment from City—October 2018 $ 1,000,000
Total Project Contribution $3,290,000
Total Project Cost with Permitting and Contingency $5,189,540 Additional Contribution from City $1,899,540
Pledges
Manhattan Beach Property Owners Association
(Available to Transfer to Trust Account immediately once agreement is reached with City)
$ 700,000
Manhattan Beach Property Owners Association (earmarked for Older Adult Space)
$ 100,000
Beach Cities Health District
(To be contributed upon approval of the final construction plans per prior agreement with City)
$ 150,000
Other Corporations, Organizations and Individuals $ 113,000 Pledge Total $ 1,063,000
Cash donations $ 1,517,000
Total Raised by Friends of Senior & Scout Community Center
$ 2,580,000
Friends Contractual Obligations and Expenditures
Fundraising/Admin ($ 66,400)
Plans and Permits ($ 60,400)
Contractual Obligations/Other Anticipated Expenses for Plans and Permits/Admin costs to be paid by Friends
($ 157,000)
Brick Program ($ 7,000)
Total Obligations and Expenditures $290,000