*2006*   *2007*   *2008*   *2009*   *2010*   *2011*   Phase 1 
EXPENDITURES
 Museum Ward Building               
 Fees - Architectural Services                     170,000                            -                              -                             -                             -                             -                       170,000
 Construction                    1,650,000                            -                             -                             -                             -                    1,650,000
 Landscaping                               -                      50,000                           -                             -                             -                         50,000
 Exhibition (Visible Storage)                               -                    598,000                           -                             -                             -                       598,000
 Contingency (5% of Constr & Landscapt)                        85,000                            -                             -                             -                             -                         85,000
 FF&E (incl Disbursements)                       230,000                           -                             -                             -                       230,000
 Total Ward Budilding                   170,000             1,735,000                878,000                           -                             -                    2,783,000
 Heritage Carnival Grounds               
 Renovate Wilson Store                               -                              -                              -                   148,919                   48,351                           -                       197,270
 Remove Housser House (2)                               -                              -                             -                             -                     36,081                       36,081
 Experience Elements - Wilson                                 -                     60,000                           -                           60,000
 Ride Purchase/Restore                                -                              -                              -                   100,000                   50,000                 150,000                     300,000
 Ride Install                                 -                   208,230                   127,520                     335,750
 Total Heritage Carnival                               -                              -                              -                 517,149                 98,351               313,601                   929,101
 Celebration Area               
 Fees - Architectural Services/Soft Costs                               -                              -                              -                             -                     90,000                         90,000
   Remove Strickler House (2)                               -                              -                             -                     12,398                           -                         12,398
 Remove Rail Complex                               -                              -                              -                             -                     44,443                         44,443
 Construction                                -                              -                              -                             -                             -                   223,200                     223,200
 Total Celebration Area                               -                              -                              -                             -                 146,841               223,200                   370,041
 Other Experience Elements               
 Fees - Design                         5,000                       5,000                            -                             -                             -                             -                         10,000
 Signage and Exhibits - Village                       20,000                     20,000                    45,000                           -                             -                             -                         85,000
 Total Other                     25,000                   25,000                  45,000                           -                             -                             -                        95,000
 Phase 1 Capital Costs             195,000        1,760,000          923,000         517,149         245,192          536,801          4,177,142
 Ongoing Lifecycle Projects               
 Building & Site Restoration                       25,000                     25,000                    25,000                   25,000                   25,000                   25,000                     150,000
 Artifact Restoration                       15,000                     15,000                    15,000                   15,000                   15,000                   15,000                       90,000
 Site Drainage Improvement                               -                              -                      20,000                           -                             -                             -                         20,000
 Fire & Security Upgrade                       30,000                            -                              -                             -                             -                             -                         30,000
 Site Lighting                             25,000                   50,000                       75,000
 Parking Improvement - North Lot                       45,000                     25,000                    25,000                           -                             -                             -                         95,000
 Total Ongoing Lifecycle             115,000             65,000            85,000           40,000           65,000            90,000             460,000
 TOTAL EXPENDITURES             310,000        1,825,000       1,008,000         557,149         310,192          626,801          4,637,142
 SOURCES OF FUNDING 
             
 Town of Markham 
                   500,000                   500,000                  500,000                 500,000                 500,000                 500,000                  3,000,000
 Ward Family Contribution                               -                       25,000                    25,000                   25,000                   25,000                           -                       100,000
 Corporate Contribution                               -                       25,000                            -                             -                             -                             -                         25,000
 Service Club                         5,000                       5,000                      5,000                     5,000                           -                             -                         20,000
 Federal - MAP Grant/                               -                       50,000                            -                             -                             -                             -                         50,000
 Federal - Cultural Spaces                      462,000                            -                             -                             -                             -                       462,000
 Total Funding             505,000        1,067,000          530,000         530,000         525,000          500,000          3,657,000
 FUNDING SHORTFALL             195,000         (758,000)         (478,000)          (27,149)         214,808        (126,801)           (980,142)
 CUMULATIVE SHORTFALL             195,000         (563,000)      (1,041,000)     (1,068,149)        (853,341)        (980,142)  
Notes:
(1) Budget number are in 2004 dollars
(2)  Elements are moved up from Phase II