EX13

Resource Appraisal											
			         								
								Status:	Detailed Project		
									Appraisal		
Capital Project:			St Marys CE School - Replacement of  HORSA Building					Appraisal Ref:		ED560/1	

Price Base:			2002/2003 Outturn								
											
Capital Expenditure and Financing											
Cost of Project				2000/01	2001/02	2002/03	2003/04	2004/05	2005/06	Total	
				£'000	£'000	£'000	£'000	£'000	£'000	£'000	
	Land & Buildings        }										
	Construction                }					304	8			312	
	Furniture/Equipment   }										
		Fixed 									
		Loose									
	Other										
	Fees					36	1			37	
Total Estimated Payments						340	9			349	
											
The Construction Cost per square metre is £ 1296 / 1151 gross / net.              											
											
Funding of Project				2000/01	2001/02	2002/03	2003/04	2004/05	2005/06	Total	
				£'000	£'000	£'000	£'000	£'000	£'000	£'000	
	Credit Approval (Borrowing)										
	Capital Receipt(s)										
	Contribution From Third Parties					55				55	
	Grant(s)					285	9			294	
	Revenue Contribution(s)										
	Other										
Total Financing						340	9			349	
											
Revenue Implications											
Corporate Costs											
Capital Financing (Cost of borrowing)											
											
Service Committee Implications											
				200	200	200	200	200	200	Full Yr Effect	
				£'000	£'000	£'000	£'000	£'000	£'000	£'000	
	Employees										
	Running Costs										
	Income										
Net Cost/(Saving) to Service											
Committee											
											
Staffing				19	19	19	19	19	19	Full Yr Effect	
				F.T.E	F.T.E	F.T.E	F.T.E	F.T.E	F.T.E	F.T.E	
Additions/(Savings) resulting											
from the project