RAJ REPORT

City Alive Project $5 million budget blowout —–i thought this Council always finished projects on Budget ——TOBRUCK POOL is going to end up at $50 MILLION

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FINANCIAL DATA FOR PROJECT PCT13277 as at 05/05/2014 28/05/2014
Council Approved Budget (all years): $14,800,000 $14,800,000
Expenditure to date (all years including committals) $20,248,336 $20,314,230
Preconstruction: External Design Phase Contracts $1,442,431 $1,442,431
Construction: External Contracts/Orders to Cairns
Works
$17,536,025 $17,536,025
(+) Variation additions as at 28/05/2014
(-) Variation deductions as 28/05/2014
Actual Expenditure to Date $10,948,713 $14,210,094
ESTIMATED TOTAL PROJECT COST AT
COMPLETION:
$19,953,586 $19,953,586
NOTE: Budget will need to be allocated in the 2014/15 capital works budget to
complete the works. Total projects costs excludes the contingency allowance of
$500,000 which may not be spent. Variations (both plus and minus) to Cairns Works
have not exceeded their existing orders and are reported to the Steering Committee.
Expenditure to date includes the end of north accrual figures

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