Chapter VII Financial Program - Laserfiche WebLink

Home Browse Search

74 Rev. 4 -8 -69 Project costs summarized according to function are as follows: Total Irrigation cost $1,079,000 Total recreation, fish and wildlife cost 669,100 Total project cost $ E. GRANT AND LOAN COMPUTATIONS Under the provisions of the Small Reclamation Projects Act, the following costs, among others, may be disbursed in the form of grants: (1) the costs of investigations, surveys, and engineering and other services necessary to the preparation of proposals and plans for the project allocable to fish and wildlife enhancement or public recreation; (2) one -half the costs of basic public outdoor recreation facilities or facilities serving fish and wildlife enhancement purposes exclusively; and (3) one -half the costs of construction of joint use facilities properly allocable to fish and wildlife enhancement or public recreation. The derivation of the costs allocable to item (1) above is shown in Table VII -D. Therefore, separable costs of $10,900 and joint costs of $40,900 for a total of $51,800 are allocable to recreation, fish and wildlife enhancement and would be fully nonreimbursable. This amount includes $7,500 advanced for planning of recreational facilities. In Table VII -B, the separable costs for recreation, fish and wildlife enhancement purposes is $227,900. Since this figure includes the $10,900 separable costs shown in the preceding paragraph, a deduc- tion is made leaving $217,000 as the amount applicable under item (2). One -half of this amount, $108,500, may thus be received as a grant in accordance with item (2). In Table VII -C (line 7 -a), the remaining joint costs allocated to recreation, fish and wildlife enhancement is $441,200. The $40,900 of joint costs included in item (1) is deducted from this amount leaving $400,300 as the amount applicable under item (3). One -half of this amount, or $200,150, may be received as a grant under item (3). Round to $200,200